TiE participation confirmedJuly 12, 2011 at 12:22 am | Posted in Uncategorized | Leave a comment
Tags: Accelorators, Angel Investors, Incubators, Innovation, Network Analysis, Ontario, Research, Social Media, Startups, Technology, VC
OCTIE welcomes the participation of TiE.
TiE was founded in 1992 in Silicon Valley by a group of successful entrepreneurs and senior professionals with roots in the Indus region. TiE has since grown to become world’s largest not-for-profit promoting entrepreneurship. Today, TiE has 57 Chapters spread across the globe. The TiE ecosystem comprises of 13,000 members and 2,500 charter members, who are top entrepreneurs, investors and business leaders.
TiE Toronto is fostering entrepreneurship in Ontario. They aim to create wealth and raise the prominence of entrepreneurs in the local community, as well as internationally, by fostering and supporting entrepreneurship through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing the next generation of entrepreneurs.
TiE has come to represent “Talent, ideas and Enterprise” through its activities and influences. They count for the largest pool of intellectual capital and bring together entrepreneurs, investors, policy makers and professional service providers with the objective of enhancing entrepreneurial climate.
TiE Toronto offers a variety of events to promote entrepreneurship in Ontario
TiEQuest Business Venture Competition: This competition is open to everyone starting in November where applications are due by January 31, 2012 with a $100 entry fee. Over 200 entrepreneurs participate in TiEQuest every year. The contestants include existing and emerging entrepreneurs, patent holders and university students. The contestants get opportunities to present to angel investors, venture capitalists and fund managers. TiEQuest offers prizes totalling over $150,000 including prizes for the best IP, best Clean Tech venture, best healthcare venture and best student venture. In addition, winner receives an Expression of Interest for a $1,000,000 investment from sponsors.
Some of their success stories include CognoVision, a firm which competed in 2007 was essentially just an idea at the time but in 2010 was bought out by Intel alongside Echologics Engineering for $20- $30 million.
TiE Mentoring: TiE charter members of TiE include successful entrepreneurs and business leaders who have committed to devote their time to nurture entrepreneurship to new and aspiring entrepreneurs.
“TiE Toronto is an organization that really cares about mentoring and giving it back to the community and we really see it in our members. We have a lot of mentors in the top levels of their firms all willing to help our members if you’re willing to ask for it.” – Suresh Madan, President TiE Toronto.
TiE Institute: TiE Institute offers education programs, seminars and conferences to aspiring entrepreneurs. The sessions are conducted through a combination of online and off-line programs and feature successful entrepreneurs and professors of leading universities.
Positioned as the “entrepreneur’s center of learning,” they offer practical training in soft and hard skills in the aim to develop holistic, value-centered business leaders. “This program goes through the entrepreneurship life cycle; we cover a wide range of topics from idea generation, validation to protecting and financing your start up,” says Mukesh Gupta, the Chair of the TiE Institute program. Their speakers list contains prominent names from Canada’s top University’s (Ryerson University, University of Toronto and McMaster University) as well as top level executives from capital management firms and funds. If you’re between the ages of 20-29, or a new immigrant to Canada (within the last 3 years), the TiE Institute is free for you to attend, as well if you are already a TiE Toronto member, otherwise the charge is $25 per session.
TiE Entrepreneurial Forum: TiE Toronto invites well known speakers monthly to address on various challenges faced by entrepreneurs. These events provide tremendous opportunities for networking.
TiE India Initiatives: TiE Toronto organizes a breakfast seminar on Doing Business in India every month in collaboration with the Consulate General of India. They invite companies that have succeeded in this fast growing emerging market to share their experiences with other entrepreneurs. They also invite business leaders from India with specific expertise in legal, regulatory, commercial and cultural issues. Some of their past speakers have included Fred Schaeffer (McCain Foods) and Jim Treliving (Boston Pizza, Dragon’s Den).
“TIE was founded to build connections between Indian entrepreneurs globally and Toronto’s most promising start-ups,” says Suresh Madan, President of TiE Toronto. “It is great to see new research methods like the Innovation Network Analysis developed for OCTIE, that can bring about the local cultural changes we need to compete globally.”
The TiE team includes:
Suresh Madan, President
Mukesh Gupta, Chair TiE Institute
Karl Miranda, Associate Director
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