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Our Bureau

Hyderabad, Oct. 12 Thirty-six start-ups, including 12 in the early growth phase, have been short-listed for funding by the venture capital players for the forthcoming TiE-ISB Connect.

The third essay of The Indus Entrepreneurs (TiE)-Indian School of Business (ISB) Connect has brought together over 30 venture capital funds, including NEA IndoUS Ventures, Greylock Ventures, Cannon Partners, DFJ Ventures and Sequoia Capital, among others.

The event, to be hosted at the ISB between November 14 and 16, will also have representatives from Google and Yahoo, and be represented by companies from the sunrise sectors of retail, life sciences, Internet, mobile, healthcare, media and entertainment.

Addressing a press conference here, Mr J.A. Chowdary, President, TiE, Hyderabad, and Prof. V. Chandrasekhar, Executive Director of Wadhwani Centre for Entrepreneurship Development at the ISB, said that this year would feature about 400 business plans and cover six new tracks and the focus will be on areas which do not get represented.

As a part of the three-day Connect, it is proposed to feature the Elevator Pitch, which provides for a five minute presentation opportunity for start-ups with some of the leading venture capitalist in the areas of common interest.

The elevator pitch is of particular importance for small companies as some of their areas would become irrelevant if they do not get funding at the right time. These entrepreneurs would also get an opportunity to interact with some of the CEOs.

The Head of Global Delivery for Virtusa, Dr Santanu Paul, who was in-charge of short-listing the companies for the meet, said that it was quite a challenging task. “Therefore, we have start-ups and growth stage companies.”

Apart from serving as an annual networking platform, the event seeks to provide a common platform for entrepreneurs and mentors.

Experience of the past showed that many of the companies either land up with VC funds or get a chance to fine-tune their business plans and take them to the next level, Dr Chandrasekhar said.

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