The Hindu Business Line : Venture capitalists to scout for start-ups at TiE-ISB Connect

Hyderabad, April 24 Some of the leading global venture capitalists have evinced interest in investing in promising entrepreneurs and start-ups needing financial help and guidance to make a difference to their business.

NEA Indo-US Ventures, Peepal Capital, Venture East Funds, Canaan Partners, DFJ, Battery Ventures, Sandalwood Partners, Silicon Valley Bank, Tech-Birmingham were among those who participated in the Indus Entrepreneurs and Indian School of Business (ISB) Connect last year and many of them are keen to be back. Many venture capital firms are keen to invest in not just technology sector but also promising start-ups in healthcare, pharma, low-cost housing, entertainment, supply chain and logistics, according to the President of TiE (Hyderabad Chapter), Mr. J.A. Chowdary.

Business focus

Addressing a press conference here on Thursday along with the Deputy Dean of ISB, Dr Ajit Rangnekar, the focus of this year’s event, to be hosted at ISB during November 5-7, is on the presentation of business plans that address the requirements of the over 800-million population, who are not touched by existing businesses and services.

The business plan presentations are designed to encourage entrepreneurs in the creation, start-up and early growth stages. Participants get to meet with venture capitalists and business leaders for finding capital, and thereafter strike business alliances that help in their growth.

Networking opportunity

The primary mission of TiE Hyderabad and ISB is to support rewarding networking opportunities for the new age entrepreneur. As the event attracts some of the finest business minds, smart investors, policy makers and successful entrepreneurs, this provides a platform for mentoring, according to Prof Chandrasekhar, Executive Director of Wadhwani Centre for Entrepreneurship Development at ISB.

About 13 companies secured funding last time. Interestingly, some of those who did not secure funding, went on to secure funding shortly thereafter based on the suggestions they received by experts at the meet, Dr Rangnekar said.

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