TiE Delhi-NCR Champions Entrepreneurship as an Engine of Employment on the First Day at 3rd Edition of Its Global Summit

Furthering its vision to continually nurture entrepreneurship in India, TiE Global and TiE Delhi-NCR today commenced the 3rdedition of TiE Global Summit at Taj Palace in New Delhi. The event is spanned over two days, 29th and 30th November, 2018 is themed ‘Entrepreneurship: Driving Employment, Driving Growth’. The Day 1 was graced by the presence of numerous industry leaders, investors, entrepreneurs and government officials, who came together to shed light on the theme and offer their insights and experiences to the attendees.
The kickoff of the first day of the event was with a welcome note by Geetika Dayal, Executive Director – TiE Delhi-NCR; Rajan Anandan, President – TiE Delhi-NCR and Nitin Rai, Chairman – TiE Global Board & Managing Director, Elevate Capital. This was followed by a round of insightful keynote adressess byVijay Shekhar Sharma, Founder – One97 & Paytm, Mr. Suresh Prabhu, Hon’ble Minister, Ministry of Commerce & Industry & Civil Aviation; Dr. Saurabh Srivastava, Chairman Emeritus, TiE Delhi-NCR (Chair).
One of the Grand keynote speakers included Ms. Asha Jadeja Motwani, of the Motwani Jadeja Foundation. Asha is a Silicon Valley venture capitalist, entrepreneur, and philanthropist. She shared her vision to catalyze innovation and entrepreneurship in India at the grassroots level. She also announced the launch of MITLI (Motwani Institute of Thought Leadership in Innovation), a one of a kind think tank that enables a curated annual exchange between top scholars at Stanford University in computer science, political science, material science, international security, and education, and their counterparts in South Asia.
With an immensely inspiring commencement, the day further progressed with several discussions and conferences that touched upon a slew of topics including impact entrepreneurship, opportunities in the healthcare sector, global collaboration, connected mobility and gov-tech.
Suresh Prabhu, Hon’ble Minister, Ministry of Commerce & Industry & Civil Aviation said, “Once upon a time, there was a perception in India that only those with a lot of capital or connections could start a business. Today, however, this paradigm has changed completely. Most startups are being founded by those who have great ideas, passion, vast capabilities and technological expertise. This phase of entrepreneurship is what will create real growth and more employment. Startup India hasn’t just taken off, it is flying. And we are looking forward to more startups that will solve the country’s problems and create widespread development while building business success for themselves.”
In his Welcome Address, Rajan Anandan President – TiE Delhi-NCR  said, “TiE Delhi-NCR is extremely focussed on accelerating innovation and getting more and more entrepreneurs to start-up in the region. Our chapter has a very large, highly-engaged community and it’s truly my honour to be working with our board, Geetika and our amazing team. One of the most interesting things that I have observed with TiE in Delhi-NCR is the kind of sector diversity that we’re witnessing today as compared to when we started off. We have 14 different special interest groups- everything from healthcare, retail to women entrepreneurship. This just goes to show that the entrepreneurial eco-system is evolving each day and that great things have happened and are going to happen for the start-up economy at large.”
Delivering the inaugural keynote Vijay Shekhar Sharma, Founder, Paytm said, “There is no better time than now to be an entrepreneur in India. The country’s start-up ecosystem is brimming with opportunity and it is easier to raise a billion dollars here than anywhere else in the world. I would implore anybody who has a great idea or the passion to build something amazing to kick-start their entrepreneurial journey today. It’s never easy to build something of value and scale but the returns on such investment are manifold and worth every ounce of your effort, especially if all the socio-economic forces are working in your favour as they are for every deserving Indian entrepreneur today.”
Several trailblazing startups gained recognition at the Summit, with numerous awards being presented to them. The evening was wrapped up with a Town Hall with Jayant Sinha, Hon’ble Minister of State – Ministry of Civil Aviation followed by a global networking evening that witnessed a fervent exchange of ideas and anecdotes among the attendees.
The 3rd edition of the TiE Global Summit also facilitated funding opportunities through Investor Lounges, where startups received one-on-one time. TiE Delhi-NCR’s live pitching show ‘TiE the Knot’ where five curated startups received a chance to pitch to investors in a televised format. The summit also offered a chance for high potential entrepreneurs to present their business plan within 4 major verticals including Angel & Seed, Series A, Incubators and Social Entrepreneurship. About 100 investors participated at the TiE Global Summit, and over 35 curated pitches were facilitated by TiE Delhi-NCR.
TiE’s 3rd Global Summit was supported by The Department of Industrial Policy and Promotion (DIPP). The summit was backed by several industry giants including The Lemelson Foundation, Motwani Jadeja Foundation, Google, Indian Angel Network Fund, Kalaari Capital and PayU. The confluence of thought leaders and change-makers at the Summit was a sight to behold. As projected by TiE, the 3rd Global Summit portrayed a grandeur and hosted over 3000 delegates that outdid its predecessors, while truly bringing forth entrepreneurship as the engine of the next stage of employment in the country.