Entrepreneurs :TiE-ISB Connect 2007 to expand business

TiE-ISB Connect is back with its highly successful business plan competition. Entrepreneurs are invited to submit a maximum of 5 page abstract of their business idea to TiE-ISB Connect Committee to qualify for an elevator pitch with leading Capitalist’s of the world on November 14-16. Applications for the 2007 business plan competition are available at www.tie-isbconnect.com. The last date for submission of Business Plans closes on 31^st July 2007.

Making the announcement, Ajit Rangnekar, Deputy Dean, ISB said, “ The ISB believes that Entrepreneurship is a very powerful tool to create wealth  and jobs , which will fuel widespread growth of the Indian economy. It is critical that we identify the entrepreneurial potential at the idea stage itself and support them to build successful businesses.

I believe that the TiE-ISB Connect 2007 will act as a catalyst to speed up the growth of ‘start up’ and ‘growth’ companies.”

The competition is designed to encourage entrepreneurs in the creation, start-up and early-growth stages of businesses. Participants have a chance to win face to face interaction with leading Capitalists and Business Leaders for finding capital and strike business alliance that will help them launch and grow their businesses.

“As the economy is on a high growth curve, the competition for adopting new business strategies and attracting capital, to back, start up and growth companies have intensified, driving entrepreneurs to seek help from experts like those expected to attend the TiE-ISB Connect 2007.” J A Chowdary, President TiE Chapter, Hyderabad, said.

"We're very pleased with the buzz surrounding this year's TiE-ISB Connect Conference," says, J A Chowdary. "Compared to last year, we expect the number of business plans submissions to double, and we also expect multifold increase in the delegate attendance."

In the first two years of the competition, more than 1000 entries were received across 9 tracks: IT / IT Enabled Services, Internet Technologies, Infrastructure and Real Estate, Technology, Semiconductors, Bio-Pharma - Life Sciences, New Media and Entertainment, Retail and Sports and Fitness.

According to TiE-ISB Connect, eight of the business plan competition participants received business leads and support in refining business strategy. Three of them signed strategic partnerships and four of them attracted angel investments and are in advanced stage of discussion.

"There are many exceptional start-up and growth companies waiting to flourish, and these entrepreneurs requires extensive support that TiE-ISB Connect provides," said V. Chandrasekhar, Executive Director, Wadhwani Centre for Entrepreneurship Development (WCED) at the Indian School of Business. "We believe they are the companies to watch out for in the future.”

TiE-ISB Connect is organized by the TiE, Hyderabad Chapter and the Wadhwani Centre for Entrepreneurship Development (WCED), ISB. TiE–ISB Connect provides a unique networking opportunity for aspiring entrepreneurs, early-stage ventures, and growth-stage ventures with potential investors, successful entrepreneurs and mentors.

Sourced From: EnRight Media Relations