iNDICA NEWS BUREAU
The three-day, 60-hour marathon TiE Global Summit 2020, scheduled to be held from December 8 to 10, is being billed as a mega virtual platform where budding entrepreneurs will get a chance to restructure their way to overcoming the Covid-19 crisis.
The pandemic has destabilized the entire ecosystem. Funding opportunities dried up. Strict social-distancing norms strangled supply chains and kept customers away from products. Many entrepreneurs packed their bags. Yet others are still hanging by the thread, but with no idea what the future holds.
While some shining startups and unicorns, particularly in healthcare and FMCG, were still able to bag funding, for most others the odds of financial backing all but disappeared.
Nevertheless, one thing that stands out about the entrepreneurial community is the never-say-die attitude. Successful entrepreneurs have a history of overcoming harshest of crises and resurrecting their companies from the edge of doom.
Be it the dotcom bubble crash of 2000 or the financial recession of 2008, the entrepreneurs that lived through were the ones who successfully rebuilt their foundations.
The three-day TiE Global Summit, the organizers say, is where entrepreneurs will get a chance to restructure their way back into the game.
Attending entrepreneurs will get the opportunity to enhance their revenues by meeting prospective customers, attract funding, onboard mentors and board members besides learning from the top business minds of the world.
Businesses facing a cash crunch will be pitching their ideas to 200-plus investors including the world’s Top-100 VCs and angel investment Firms.
There will be business “speed dating” where entrepreneurs will have three minutes each to pitch an idea to a group of investors. These industry behemoths have investment portfolios of $10 million to $50 million.
The summit, the organizers said, has introduced a pioneering business-matchmaking technology through the power of Artificial Intelligence. The AI-based platform will identify and select entrepreneurs and fix their meetings with other businessmen in the same domain.
The TiE Global summit 2020 features marathon sessions featuring some of the world’s most outstanding business leaders, and visionary speakers who will shed vital wisdom for the entrepreneurs in audience.
The acclaimed list of speakers includes names such as Nobel laureate economist Abhijit Banerjee, Indian IT industry legend and Infosys co-founder NR Narayana Murthy, business magnates Gautam Adani of Adani Group and Kiran Mazumdar Shaw of Biocon Ltd, policy experts Amitabh Kant, CEO of Niti Aayog, and Satheesh Reddy, chairman, DRDO, motivational speaker Sadhguru Jaggi Vasudev, and a galaxy of other star speakers who will share their vibrant ideas and profound wisdom.
There are a number of ways through which entrepreneurs can benefit from attending the event, the organizers said.
The one-on-one sessions will help them impress future investors. In match-making sessions, they can find potential buyers for their products. Global leaders with a plethora of knowledge can be requested by entrepreneurs to join their companies as mentors or board members. Entrepreneurs can look for new partnerships and alliances, or sell their ideas at a high premium to buyers who can transform their fortunes.
The three-day meet with 300-plus speakers across 200 sessions will give entrepreneurs a peek into the brightest minds and their mantras of success, crisis management and leadership.
There are certain sessions, the organizers said, which entrepreneurs can’t afford to miss:
At the Cracking the Funding Code session, attendees will learn how to attract potential investors and how to generate interest of investors in their ideas.
A Peek into the Mind of Investors session for entrepreneurs to pick business leaders’ best concepts and implement them in their startups.
Another session 10 Winning Habits of Highly Successful Startups is aimed at helping entrepreneurs understand where and how to focus their efforts and energy.
The session How to Sell When Nobody’s Buying will tell entrepreneurs how to woo customers during the economic downturn.
Dealstorming — The Secret Weapon to Successful Selling will help entrepreneurs learn maintaining consistency in sales.
In order to be a part of the initiative, willing entrepreneurs can apply on the TGS 2020 website.