Hyderabad, July 19, 2020: TiE Hyderabad and SR Innovation Exchange (SRiX) have announced a multi-year partnership to provide incubation support for the Women Entrepreneurs participating in TiE Women Mentor Camps.
TiE Hyderabad will conduct a series of boot camps in the initial phase of building businesses, to nurture and get them access to seed funding, the market connects to validate the business models plus establish revenue traction.
TiE is a Global Network of Entrepreneurs and SR Innovation Exchange (SRIX) is a Technology Business Incubator under SR University.
They have agreed to provide incubation support for the 70+ Women Entrepreneurs. Under the partnership engagement the chosen woman entrepreneurs will stand to benefit: 2 years of Business Incubation Support - Complete access to MakerSpace, IoT/ESDM CoE, Rapid Prototyping zones and - Access to Seed Fund & Corporate Connects among other benefits.
TiE Hyderabad President, Sridhar Reddy, Chairman and MD of CtrlS, said it is a win-win partnership, bolstering TiE Women members to gain structured incubation support in addition to TiE Mentoring. This collaborative learning will enable broadening the outcome of entrepreneurship vision for each of the idea and concept stage women entrepreneurs. SRIX CEO , Sreedevi Devireddy added:"We foresee multiple synergies and are excited to partner with TiE Women initiatives in the Hyderabad Chapter. This strategically fits into SRIX objectives to encourage Women Entrepreneurship and provide them the much-needed incubation support during their early growth phase. More importantly at a later stage TiE partnership will also help to make a huge impact globally."
TiE Women Chapter Lead and Board Member of TiE Hyderabad Ms. Rashida Adenwala, Founder R&A Associates strongly believes the Incubation support from SRIX will be an added advantage for the maiden 70 + Women participants in 2020 and future years. Budding Women Entrepreneurs now have a wider window to further entrepreneurship with access to seed funding and corporate connections provided by SRiX in addition to the range of benefits they get by being a TiE Women Entrepreneur participant.
TiE Women was launched in March 2020 at Hyderabad Chapter of TIE, with an objective to select, mentor and Showcase Wwmen-led companies from Telangana State, at any stage of business and potential to achieve global success through TiE Global platform.
As part of this programme, a series of Virtual Mentor Camps curated by TiE Hyderabad mentors in 3 batches with 25 participants each, will undergo a 3-week bootcamp comprising 8 mentoring sessions on various business topics, viz. strategy, marketing, finance, revenue, statutory, legal compliances, etc. A total of 15-20 Women entrepreneurs shortlisted from these 3 batches are to make a pitch in front of a select jury in the TiE Hyderabad Regional Competition scheduled in Week 3 of August 2020. One finalist from this regional competition will represent Hyderabad at Global Competition in December 2020.