Bringing out the best in entrepreneurs
By Sharmila Ganapathy-Wallace April 28, 2017
- 11 Singapore startups head to Silicon Valley for Tiecon 2017
- Will receive pitch training, business mentoring in Singapore before they exhibit at the conference
TIE Singapore, which is the Singapore chapter of global non-profit organisation TiE, recently announced that it had selected eleven startups out of Singapore as part of its delegation to Silicon Valley for Tiecon 2017.
The eleven startups are Advanced Ophthalmic Innovations, BigTapp, billionBricks, impress.ai, WeInvest, PolicyPal, FOMO PAY Pte. Ltd., Kristal.AI, Hearti, Dathena and Bambu.
They will be exhibiting at the Tiecon 2017 conference and hence given the opportunity to network with strategic investors, serial entrepreneurs and mentors from Silicon Valley.
Digital News Asia spoke recently to TiE Singapore chairman Puneet Pushkarna (pic) for his insights into TiE Singapore’s role in nurturing startups.
He says: “We are excited about taking this amazing bunch of startups with us to the valley. Being part of the delegation doesn’t just give them access to the brilliant conference itself but also a chance to be a part of the contingent that includes high potential startups and key industry influencers, helping them forge valuable connections and learn from the best in the process.”
When asked about how the eleven startups were selected, Puneet replies: “We have a stringent process. The applicants first go through an online rating, after which the shortlisted candidates are called in for a face-to-face interview. After that the applicants are selected.”
The startups will also receive mentoring from TiE Singapore following their trip to Silicon Valley.
“We have about 60 Mentors in our database in Singapore alone (they are our charter members) and we provide assistance by mentoring and advising the startups by linking them with these mentors. They also go through a pitch and communication training before the conference in Singapore and would pitch to IE Singapore, and advisors and investors from the ecosystem. The IE Singapore US team would also see where they could assist them in further market access,” he explains.
To a question on how engaged they are with the Singaporean entrepreneurial ecosystem, Puneet says they are deeply rooted in the Singapore entrepreneurial ecosystem.
“TiE is essentially a community of people who at their heart want to foster entrepreneurship. It started back in Silicon Valley in 1992 and we now have 62 chapters across the globe. There are over 13,000 members across the world and the membership is at two levels – charter members and general members. There are around 3500 charter members and we count them amongst the most influential thinkers in the industry across all segments.”
He adds that TiE Singapore works very closely with the eco-system across multiple constituencies and these include policy formulation, industry focus groups, academia, trade organisations and the government.
As for mentoring, the chapter has 60 charter members who act as mentors that are actively giving back to the ecosystem.
According to TiE Singapore, the eleven startups will receive pitch training and business mentoring in Singapore before they exhibit at the conference.
TiEcon is supported under IE Singapore’s iMAP (International Marketing Activities Programme), which helps SMEs and start-ups gain market access through participation in international trade fairs and missions.
“Events are a great way for startups to showcase their products to different markets and build a network. TiEcon is one of the oldest and the biggest entrepreneurship conferences globally and fits perfectly with the vision of our iMAP programme,” says IE Singapore assistant CEO Satvinder Singh in a statement.
Participants of TiEcon will receive support of up to 70% of eligible core expenses under this programme.
This is TiEcon’s 25th year, making it one of the longest ongoing tech conferences around. The conference will be held on 5th and 6th May in Santa Clara.