IT Minister Nara Lokesh to preside over launch of TiE-Amaravati & Angels Network

Vijayawada, Andhra Pradesh, India 9th January 2018: Start-up Entrepreneurs and Educational Institutions have something to cheer as TiE (The Indus Entrepreneurs) will formally announce the launch of TiE-Amaravati Chapter and it’s Angels Network to help accelerate the growth of start-up ecosystem in the state of Andhra Pradesh. Shri. Nara Lokesh, Cabinet Minister for Information Technology, Panchayati Raj and Rural Development, Andhra Pradesh, will preside over the formal launch.

TiE-AmaravatiA gathering of entrepreneurs, mentors, advisors, and others to educate, engage, and connect entrepreneurs, alongside J A Chowdary, Special Chief Secretary and IT Advisor to Honourable CM, Andhra Pradesh and Charter Members of TiE Amaravati will be seen in full attendance at the inaugural event on 17th of January, 2018 at The Gateway Hotel, Vijayawada.

All the educational institutions and startups in Andhra Pradesh are invited to participate, to register

Sateesh Andra, President TiE Amaravati said “As per the 2017 edition of the NASSCOM-Zinnov report, India ranks third among global Start-up ecosystems with more than 5000 Start-ups with 1000+ new additions in 2017. One of the key developments in India’s start-up market over the past decade has been the development of large, robust Angel Investor ecosystems. To enable State of Andhra Pradesh to lead collective dream of a new India and for the development of Innovation, Entrepreneurship and Start-up culture, we strongly felt the need for a TiE Chapter as well as an Angel Network.”

Suresh Chitturi, Board Member TiE Amaravati said “We sincerely believe that Entrepreneurship and Innovation are keys to achieving Industrial Development, Job Creation and GDP growth. With banks reining in all but the safest loans since the recession and Venture Capital firms now targeting less risky late-stage business Start-ups, Angel Investors play a crucial role in backing young, fast-growth companies.

Highlighting the key points of the AP Innovation and Start-up policy Stakeholders of TiE-Amaravati said the launch of TiE will be complementary to recent initiatives by the Government to establish several incubators and accelerators and setting up of a start-up fund. TiE-Amaravati along with its Angels Network is committed to lending its support to A.P Innovation Society to accelerate this vision.

Anudeep Chappa and Sravani Polina, Associate Directors added “Often the biggest challenge start-ups, as well as young entrepreneurs face, is not just raising money but access to an authentic platform to network and identify the right mentors to gain insight into possible ways they can improve their businesses and gather real-time feedback”

We invite all the startups, incubators, accelerators and educational institutions in Andhra Pradesh to participate in the event and make it a grand success they re-iterated.

The Board of TiE Amaravati comprises of Sridhar Krishnamoorthy, Purnima Kamble, Suresh Chitturi and Sateesh Andra. Alongside the Board, the founding members of TiE Amaravati include Srini Raju, Dr. Ramesh Byrapaneni, and JA Chowdary.

TiE Amaravati also has their founding patrons in Srinivasa Farms, Gerdau Steel, and Pi Datacenters.

About The Indus Entrepreneurs (TiE) – The Indus Entrepreneurs is a non-profit organization founded in 1992 in the Silicon Valley currently boasts 13000+ members in 61 chapters across 18 countries. The organization mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Since its birth, TiE’s Economic wealth creation is estimated at $200 billion. It has Influenced liberalization of key economic sectors across nations.

Most Popular

More from Author

Read Now

Union Budget 2023-24: What It Means for the Future of the Automotive Sector?

Union Budget 2023-24: A Post-Budget Perspective on the Indian Automotive Sector.

Business Leaders Give Thumbs Up to Union Budget 2023’s Growth-Focused Provisions

Understand the impact of the Union Budget 2023-24 on the Indian economy through the eyes of business leaders and why they are optimistic about its potential.

SBICAPS opens new office in Bengaluru, to focus on infrastructure, defence and start-ups

BENGALURU, India | 1st February 2023: SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India (SBI) on Monday announced the opening of its office in Bengaluru. Inaugurated by Shri Dinesh Khara, Chairman, SBI, in the presence of Shri Swaminathan J, Managing Director (CB...

Vedanta Aluminium Raises USD 250 Mn in Sustainability Linked Loans

New Delhi, Delhi, India | 1st February 2023: Vedanta Aluminium, India’s largest producer of aluminium, has raised USD 250 million through Sustainability Linked Loans (SLL) from leading international banks, for financing its capex initiatives and reducing carbon footprint. The loans were granted on the basis of specific performance parameters...

Dr. Stephen Kahane Joins Suki’s Board of Directors to Elevate Voice AI in Healthcare

Voice AI Technology for Healthcare Gets a Boost with Dr. Kahane on Suki's Board.

TrekNomads Foundation and Suriya Foundation Distributed Free Blankets across Bengaluru in Collaboration with Bruhat Bengaluru Mahanagara Palike

Bengaluru, Karnataka, India | 1st February 2023: TrekNomads Foundation and the Suriya Foundation distributed over 400 blankets to the needy across Bengaluru. Flag off event was held at the BBMP head office on January 30, 2023. BBMP Chief Commissioner Sri Tushar Giri Nath, IAS, handed over few blankets to the...

Union Budget 2023-24: Post-Budget Reaction Quotes – Indian Entrepreneurs Share Their Thoughts

As the Indian government announces its 2023-24 budget, industry leaders and experts have been weighing in on the impact it will have on the Indian economy. This post will bring you the most prominent post-budget reaction quotes from these key figures, giving us a deeper understanding of...

FUJIFILM India Unveils New Compact Ultrasonic Probe System at BRONCHUS 2023

FUJIFILM India expands endoscopy solutions portfolio with new compact ultrasonic probe system at BRONCHUS 2023.