Chandigarh Chapter of TiE (The Indus Entrepreneurs) celebrated the TiE
Global Day today at PHD House and announced the winners of TiE-PTU
Business Plan Competition.

Mr. Ashok Rao, the Chairman along with Mr. P.K. Agarwal, President of
TiE Global from USA gave away the awards.

The team comprising Jaspreet Singh and Navneet Singh of RIMT Institute
of Engineering & Technology, Mandi Gobindgarh, bagged the first prize
for their FERobotics – flexible and economic robotics – to help small
scale industry to automate their production at a low cost.

The team at the second place was from Chandigarh Group of Colleges,
Landran comprising Shivam Bagga, Ankush Kalra and Neeraj Saini, who
presented the business idea for ‘Budding Bees’ providing hobby
activity classes for 18 months to four year old children,

Sonali Shrivastava and Shivam of SUS Tangori, presented business plan
for Code Learning in a fun way that was adjudged third.

TiE’s chapter President Partap Aggarwal informed that TiE had
announced the business plan competition last year and 31 entries were
received out of which 13 were shortlisted for the competition out of
which a team of jury comprising Ernst & Young’s Director Paras Arora,
TiE charter member J.B. Singh, and CEO of PTU nalanda School TQM &
Entrepreneurship Manish Trehan, adjudged the finalists.

TiE Chandigarh-Punjab Chapter and PTU provided Rs.50,000, Rs.30,000
and Rs.20,000 in prize money to all the three winners respectively,
who would also get the opportunity to represent India in the
international business plan competition being hosted by Rice
University, USA, he said.

Ashok Rao, Chairman of TiE Global, USA, who is a serial entrepreneur
and currently chairman of Whodini, Inc, and also on the Board of the
Jones Business School of Rice University which organizes annual
business plan competition that provides over US$3 million in funding,
informed that last year TiE had sponsored one startup Beta Glide,
which secured US$ 1 million in funding.

He complimented the Chapter for developing meaningful programmes in
the region and encouraging entrepreneurship, especially setting up of
five Entrepreneurship Nodal Centres in the Punjab Techincal
University’s constituent and affiliated engineering and management
colleges.

This would help encourage entrepreneurship amongst the students, said
P.K. Agarwal, CEO of TiE Global USA, while presenting certificates to
the five nodal officers of Giani Zail Singh College in Bathinda, Beant
College of Engineering & Technology Gurdaspur, SUS Tangori, PTU
Nalanda School of TQM & Entreprenursip, Mohali, and Guru Nanak
Institute of Management and Technology Ludhiana.

Partap Aggarwal informed that PTU had given the mandate to
TiE-Chandigarh Punjab Chapter to setup entrepreneurship nodal centres
in their colleges, and five of them have been made functional to
nurture young talent in the entire PTU ecosystem.

TiE is a global not-for-profit organization fostering entrepreneurship
through its 64 chapters worldwide (16 in India).



TiE announces Chandigarh Angel Investor Network

Chandigarh-Punjab Chapter of TiE also announced setting up of the
Chandigarh Angel Investors Network.

Partap Aggarwal, President of TiE said that this would help the young
startups to have access to early stage funding which would help
encourage the young enterprises to establish themselves and grow.