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2012-09-15

TiE Delhi-NCR partners with UK trade body to help Indian start-ups

The world\'s largest body of entrepreneurs, The Indus Entrepreneurs (TiE) has partnered with the UK government\'s Trade and Investment agency (UKTI) under the Global Entrepreneurs Program (GEP) to identify and promote emerging companies to go global, said

The world's largest body of entrepreneurs, The Indus Entrepreneurs (TiE) has partnered with the UK government's Trade and Investment agency (UKTI) under the Global Entrepreneurs Program (GEP) to identify and promote emerging companies to go global, said a press release.

Delhi-NCR chapter of TiE will shortlist and recommend over a dozen Indian entrepreneurial ventures to UKTI for mentoring and offering them services that will help them set up UK operations without having to find their feet the harder route.

''Through TiE's partnership, the start-ups can leverage UKTI's highly networked and experienced mentors thereby making the task relatively easy,'' said Geetika Dayal, executive director, TiE Delhi-NCR.

''TiE Delhi-NCR and UKTI are opening a dedicated application channel as a part of the Entrepreneurial Excellence Awards to recognize and support emerging start-ups that have ambitions to tap the EU/UK market,'' Dayal added.

Alpesh Patel, UKTI Dealmaker said, ''We have been helping IP rich Indian companies establish in the UK and go global into the EU and US! It is excellent to track their successes and this event is vital for those looking for global business success and a helping hand – it is a rare opportunity to get so much assistance so effectively.''

Eligible start-ups would have products or services specifically targeting the European, UK market and plan setting up an overseas office in the UK. The start-ups must be less than five years old, have at least five paying customers and no presence in the UK, said the press release.

The winners, to be announced during the TiEcon Delhi 2012, will be mentored by UKTI experts on key commercial areas – company registration, immigration, labour, real estate, transport, utilities and regulatory issues among others.

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