Hyderabad: TiE Hyderabad and SR Innovation Exchange (SRiX) have entered into 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 and establish revenue traction.
TiE Women Hyderabad chapter and SR Innovation Exchange (SRIX), a technology business incubator under SR University, has agreed to partner to provide incubation support for over 70 women entrepreneurs undergoing the TiE Women Mentor Camps in addition to mentoring, hand-holding and guidance as a long term commitment to enable and enhance their journey.
Announcing the partnership, TiE Hyderabad president, Sridhar Reddy, CMD 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.
“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,” CEO of SRiX, Sreedevi Devireddy.
Under the partnership engagement between TiE Women Hyderabad Chapter and SRiX Warangal, the chosen woman entrepreneurs will benefit from two years of business incubation support – complete access to MakerSpace, IoT/ESDM Centre of Excellence, rapid prototyping zones and access to seed fund & corporate connects among other benefits.
TiE Women initiative
TiE Women was launched in March 2020 at Hyderabad Chapter of TiE, with an objective to select, mentor, showcase women-led companies from Telangana State, agnostic of sectors, 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 conducting in three batches with 25 participants each, will undergo a three-week bootcamp comprising eight mentoring sessions on various business topics, viz. strategy, marketing, finance, revenue, statutory, legal compliances, etc. steered by over 25 successful practicing entrepreneurs, professionals, and angel investors.
Further, a total of 15-20 women entrepreneurs are shortlisted from these three batches to pitch in front of a select jury in the TiE Hyderabad regional competition scheduled in week three of August 2020. One finalist from this regional competition will represent Hyderabad at Global Competition in December 2020.
At this year’s competing programme, TiE Women Hyderabad will select regional finalists from Hyderabad to participate in an all-expense-paid Global Pitching Competition at TGS or in Dubai in December and a chance to win $100,000 worth prize money. Top three finalists from regional competition at Hyderabad also get to attend a fully-paid bootcamp by EmPower Accelerator.
SR Innovation Exchange is a technology business incubator of SR University (Warangal) under the aegis of DST (Department of Science & Technology, GoI), includes a MakerSpace, Internet of Things Centre of Excellence, Rapid Prototyping facilities and other facilities to support product start-ups. SRiX is one of the four incubators in the country to offer MBA– IEV course approved by AICTE, offering students an academic-entrepreneurship driven opportunity to pursue a world-class MBA and build their start-up at the same time.