Welcome Guest

Businessex.Com
Home News TiE announces 'Billion Dollar Babies' initiative for Indian startups

TiE announces 'Billion Dollar Babies' initiative for Indian startups

Tags: tie silicon valley, billion dollar babies, start-up, kaaj ventures, indian angel network

December 18, 2014 | COMMENTS ( 0 )

TiE announces 'Billion Dollar Babies' initiative for Indian startups

TiE Silicon Valley has announced its Billion Dollar Babies initiative, a new programme for Indian startups with global aspirations. The programme aims to help select Indian product startups reach $1 billion in global enterprise value through this ambitious initiative that promises to leverage the reach and resources of TiE Silicon Valley.

Billion Dollar Babies, which launches with its first class in January 2015, will bring selected startups to Silicon Valley for this program. A new ecosystem that bridges the world of India and the US to help entrepreneurs go global, companies connect with mentors, potential customers and venture capitalists. The companies will be able to participate in the TiE CIO Forum and other educational events, and receive help with legal, accounting, HR/benefits, hiring, marketing, and other company-building tasks.

“The Billion Dollar Babies programme represents a unique opportunity for young Indian companies aspiring to break through into a competitive global market,” said Venktesh Shukla, TiE Silicon Valley. “Companies selected for the program will get access to TiE Silicon Valley’s rich ecosystem of successful entrepreneurs, top executives and venture capitalists, as well as potential customers. Such access, combined with mentoring and advice from role models, will accelerate the global success of the promising companies selected for this program.”

“India is witnessing an upsurge in the number of innovative software product companies focused on Indian and global markets. The “Billion Dollar Babies” initiative has been specifically carved out to nurture these deserving Indian start-ups and turn them into global technology companies with India being the anchor market and product technology hub,” said Saurabh Srivastava, India co-chair, Billion Dollar Babies.

Saurabh is a co-founder and past chairman of TiE Delhi-NCR and NASSCOM and also co-founded the Indian Angel Network, which is now the world’s largest Business Angel Group with over 325 members across 10 countries, investing over $10 million in around 30 startups this year alone.

“Venture capitalists are taking notice of the growing number of companies in the US-India space,” said BV Jagadeesh, managing partner, KAAJ Ventures and co-chair, Billion Dollar Babies. “India provides a large domestic market where these companies can validate and refine their products before entering global playing field.

“We are seeing companies with enormous global potential starting in India, and we believe with the proper resources they can become billion dollar companies,” said Raju Reddy, adviser, Hitachi, global entrepreneur and co-chair of Billion Dollar Babies.

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....