Mumbai: The Mumbai chapter of entrepreneurship organisation TiE (The Indus Entrepreneurs) has announced the launch of ‘TiE Academy,’ a training and mentorship initiative for entrepreneurs and startups. Atul Nishar, President of TiE Mumbai, says that the training program is “designed by entrepreneurs themselves to provide training and mentoring all year round.” The program aims to equip new business founders with processes and training that enhance their capacity and willingness to move ahead in their entrepreneurial journey while making their ventures profitable and sustainable, says the organisation.
Participants at TiE Academy will receive mentorship from other entrepreneurs committed to fostering entrepreneurship. They will have opportunities to attend a range of programs to develop skills relevant to various aspects of business in all stages of startup and growth of the venture.
TiE says the program will enable entrepreneurs to develop effective sales execution skills and training that guarantees business results. During the program, a confidential ‘Capacity & Willingness’ psychometric score will be maintained for each participant enabling personalised mentoring and progress tracking, which will measure entrepreneurship improvement. A mix of theory and field work will be employed to add value to entrepreneurial learning.
The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of entrepreneurs, corporate executives, and professionals with roots in the Indus region. TiE Mumbai is already involved in promoting, mentoring, helping, and funding startups in Mumbai and other Indian cities. Founder of Mastek, Ashank Desai, and CEO of Retail Market Movers, Dinkar Suri, are the Co-chairs of TiE Academy.
The country has experienced remarkable growth in the number of new businesses in the past few years – something of a startup boom. Recognising that India has the third largest pool of startups globally, Vice President Venkaiah Naidu commented that these are constructive disruptions in the economy.
In the last week alone, Defence Minister Rajnath Singh awarded Rs 3 crore to two startups, while Union Minister for Entrepreneurship Mahendra Nath Pandey conferred the National Entrepreneurship Awards for which over 6,000 startups submitted applications.
Other members of Government, including the Science & Tech Minister Harsh Vardhan, are urging students to engage in entrepreneurship. Only a week before before Vardhan said that, researchers at IIT-Madras announced they have developed an AI software that can solve engineering problems and will be founding a startup around it.
Entrepreneurs are also receiving support from their own community, with OYO South Asia CEO Aditya Ghosh investing in startup speaker agency SpeakIn. Most recently, eBikeGo, an electric two-wheeler rental platform providing fleet solutions for last mile delivery to companies like Zomato and Delhivery raised $300,000 in funding.
Indian startups are getting global recognition too, with Hyderabad-based baby-healthcare startup ‘NemoCare’ winning the Asia Hardware Battle in China.