Bengaluru, , divyarasthra//*– As a prelude to the highly anticipated TiE Global Summit 2024, a dynamic industry dialogue was held today, bringing together distinguished venture capitalists, industry leaders, and entrepreneurs. The discussion centered around the landmark initiatives set to define the summit, including TGS100 and the TiE Women Global Pitch Competition. TiE Global Summit 2024 will be held on 9–11 December at Bengaluru and on December 12 in Mysuru. Organized by TiE Bangalore with KDEM as a strategic partner, this event is supported by the Government of Karnataka as the State Partner and co-hosted by the Ministry of Electronics and Information Technology (MeitY), MeitY Startup Hub, India AI Mission and Software Technology Parks of India (STPI).
The discussion was attended by prominent industry figures, including Mr. Sudhir Sethi, Managing Partner at Chiratae Ventures; Mr. Rajiv Srivatsa, General Partner at Antler ; Mr. Shyam Menon, Co-founder of Bharat Innovation Fund; Mr. Ravindra (Ravi) Krishnappa, General Partner at July Ventures; Mr. Manoj Kumar Agarwal, Managing Partner at Seafund; Mr. Venk Krishnan, NuVentures – NuWare; Mr. Mayuresh Raut, Co-founder and Managing Partner at Seafund; Mr. Venkat Raju, Venture Partner at YourNest; and Mr. Suryaprakash Konanuru, CTO at Ideaspring Capital, among others. Dr. Sanjay Tyagi, Jurisdictional Director, STPI Bangalore and Mr. Sanjeev Gupta, CEO of KDEM were a part of the discussions. The TiE Bangalore team was represented by Mr. Madan Padaki, President TiE Bangalore and Chair, TGS24, Ms. Ritu Sharma, Executive Director, TiE Bangalore and Mr. Naveen Gupta, Chair of TGS100.
One of the summit’s cornerstone initiatives, TGS100 spotlights early-stage technology and tech-enabled startups with exceptional business models, market traction, and IP strength. The Top 100 Selected startups will get connected with over 100+ funds, family offices and angel investors, many of whom have already committed investments into the TGS100 Start-ups. With more than 1300 applications from startups worldwide, TGS100 promises unparalleled exposure, offering a prize pool of INR 50 Lakhs (equity-free): INR 35 Lakhs for the winner, INR 10 Lakhs for the runner-up, and INR 5 Lakhs for third place.
Announcing the selected list of the Top100 Start-ups, the following insights were shared:
1310 start-ups applied from over 17 countries and 100+ cities in India
AI / B2B Tech SaaS (23%), Healthcare (15%), Climate (10%), Social Impact (10%) were the top sectors
Over 25+ VC firms deployed 50+ analysts and experienced entrepreneurs to sift through these applications over three stages to arrive at the Final list of 100 start-ups
In the shortlist of the Top 100, 90% of the start-ups are from India and 10% from rest of the world representing 36 cities in India and 7 cities across the world
AI / B2B Tech SaaS (30%), Healthcare (20%), Climate (14%), Social Impact (17%) were the top sectors
Global ambitions – 80+% of them are interested in exploring global markets
The Top 10 will pitch at TGS2024 on Dec 11th to a Super-jury comprising Sudhir Sethi (Chiratae Ventures), Venk Krishnan (Nu Ventures), Subrata Mitra (Accel Partners), Vani Kola (Kalaari Ventures), BV Jagadeesh (SVQuad) among other stalwarts and the Top 3 will be selected.
Over the last 5 years, the TiE Women Global Pitch Competition has celebrated the success of women entrepreneurs in showcasing their leadership, innovation, and resilience across diverse industries. This initiative is a testament to TiE’s unwavering commitment to promoting gender diversity and empowering women entrepreneurs globally.
