The Indus Entrepreneurs (TiE), Hyderabad launched the third edition of TiE Grad, an idea tournament for college graduates.

The initiative is to encourage students and graduates interested in entrepreneurship, Suresh Reddy, President, TiE - Hyderabad said at a press conference held here on Tuesday.

The college-on board for the competition will begin on April 2, 2019 and students from those participating colleges can take part in the competition. Further details are on the portal of TiE Hyderabad (TiEhyd.org).

The competition is aimed at promoting access to money, markets and mentors for those with startup ideas, among others.

This year, TiE Grad introduced a panel of early stage investors to support startups. Five investors singed up to seed-fund three of the top teams to help them develop their product, market validations and set up business.