Bill Gates lauds TiE: Innovators need support

iNDICA NEWS BUREAU

Innovators can’t make it on their own, Microsoft founder Bill Gates said while accepting the TiE Lifetime Achievement Award at the virtual TiE Global Summit 2020, billed as the world’s largest event for entrepreneurs.

Innovators, Gates said, “need supporters and partners to make sure that their best ideas make it from the lab to the marketplace.”

At the event, besides the award to Gates, the Lifetime Achievement Service to Indian IT Industry award was conferred posthumously on FC Kohli, considered the father of the Indian IT industry, and the Lifetime Achievement Family Business Transformation award was given to Bill Marriott of Marriott International.

Receiving the award virtually, Gates said: “It’s an honor to receive this prestigious award from TiE. I’m sorry I can’t be with you and my fellow recipients to be there to accept it but I want to share a few thoughts why your work is so important: Innovation is the key to solve the world’s toughest challenges — whether it is stopping a pandemic, avoiding a climate disaster or just raising human productivity.

But as Paul Allen and I experienced with Microsoft, innovators can’t make it on their own,” he continued.

They need supporters and partners to make sure that their best ideas make it from the lab to the marketplace. For over 27 years, TiE has been doing just that.

You support great entrepreneurs around the world and in some of the most important fields in technology today. Your work is essential in fostering innovation and creating the better world we all want.”

Mahavir Sharma, TiE Global chair, and Sridhar Pinnapureddy, TGS2020 chair, aptly described Gates as a living legend and inspiration.

Mrs Kohli received the award on behalf of her late husband, the founder and first CEO of Tata Consultancy Services, India’s largest software services company, who passed away recently.

TiE also presented 13 more awards recognizing “outstanding entrepreneurs who are shaping our world and also the key ecosystem players who are enabling the entrepreneurship to flourish.”

They included Best Government Agency Supporting Startup Ecosystem, which went to the government of Singapore.

The Best Corporate Supporting Entrepreneurship awards went to Google/Alphabet for startups.

Stanford University was recognized as the Best University Promoting Entrepreneurship

The Best Accelerator Award was conferred on Y Combinator.

The Best Performing Global VC Fund went to Sequoia Capital.

The Most Active Angel Network in the world went to Tech Coast Angels.

The Bootstrapped to Billions Award went to Ben Chestnut, the Rapid Listing Award to VIR Biotechnology, the Lightning Unicorn Award to Indigo Agriculture, and Most Innovative Startup award to Data Robot.

When we decided a few months ago to launch the TiE Global Entrepreneurship Awards, one thing was very clear in our minds — with TiE being a truly global organization, the program had to be truly world class,” said Kali Prasad Gadiraju, chairman and TiE Global board of trustees.

In spite of the limited time available, and the fact that this was our first time, we undertook the initiative in the true entrepreneurial spirit.”

Manohar Reddy, TiE Global Co-Chair said, “The World’s Largest Entrepreneurship Summit is richer by Mr Bill Gates presence”.

A distinguished jury comprising of distinguished personalities from around the world, chaired by Infosys founder NR. Narayana Murthy, judged the awards.

The other jury members included Jagdish Sheth, Gururaj “Desh” Deshpande, and Ping Fu.

TiE is a not-for-profit organization dedicated to fostering entrepreneurship with 61 chapters in 14 countries with more than 15,000 members worldwide.

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