Students have always been at the forefront of any major revolutions, and today when India is marching towards an economic revolution, students need encouragement to take their entrepreneurial journey ahead. With an objective to create awareness and promote entrepreneurship amongst the college goers, we initiated our new flagship event called, TiE GRAD initiated by Mr Pradeep Mittal the President of TiE Hyderabad. It is a multilayered program divided into 4 phases to ensure engagement and education. In its first phase, we conducted knowledge sessions through speaker series with our partnered institutions.
The associated mentors shared their personal experiences about topics like “Business Idea: origin and validation”, “Key ingredients for entrepreneurial success”, “Making a business plan” and “Importance and methodologies of Scaling up any business” which deemed most relevant to the students. This helped the students prepare for phase two of TiE GRAD, an intra-institutional business plan competition. Students were armed with the required ammunition to prepare their business plans. From the plethora of business plans received, the mentors chose 10 presentations from each college and picked two winners.
The third phase ended with TiE GRAD’s Grand Finale that took place on 18th December 2017, where we saw 15 pitches from colleges such as Birla Institue of Technology and Science – Hyderabad, Institute of Public Enterprise, SR Engineering College – Warangal, Woxsen School of Business, Indian Institute of Technology – Hyderabad, International Institute of Information Technology – Hyderabad, Symbiosis Institute of Business Management, Chaitanya Bharati Institute of Technology and Nalsar University of Law which competed head on with each other.
The jury was a mix of Angel Investors, Venture Capitalists and seasoned entrepreneurs
This program was attended by prominent personalities of the startup ecosystem and Educational institutes of Hyderabad. The selected students came up with practical and scalable ideas which made the task of selecting winners tough for the judges.
Two winners were chosen, namely Team WCB from BITS Pilani and Team Law School 101 from NALSAR. Team WCB intends to make the next generation of robots to clean the façade of tall sky scraper avoiding risk to human life where as Team Law School 101 focused on making law education accessible to everyone.
The fourth and final phase includes nominating the winners of TiE GRAD 2017 for TiE University Competition. The Final 2 Winners from TiE University Challenge will have automatic entry as the top 42 teams in the RBPC, with an opportunity to win award money of $1.5 million in cash and investment prizes. The Rice University Business Plan Competition (RBPC) is the largest and most prestigious business plan competitions in the world.
The first edition saw a various mix from the student community coming from Law, Business and Technology backgrounds. Though their pitches were nearly perfect, the students found experts amongst their peers who could help them with technology, business and regulatory aspects. The first edition left us with so much to learn and gave us the vision of endless possibilities.
Our aim is to extend this opportunity to more students by having meaningful partnerships with educational institutions of different flavors of academia. We want to have business ideas coming form Pharma, Bio-Tech, Medical, Architecture, Agricultural, Creative arts, Food and hospitality etc., to help students find peers with complimentary skills to make their idea into a reality.
Enrollment of colleges for 2018 has started.