The Indus Entrepreneurs or TiE plans to start a path breaking initiative in Singapore to help incubate and nurture technology start ups this year. This comes close on the heels of a similar initiative launched recent by the Indian IT-powered group in the Silicon Valley.
“Our goal here is to connect the budding entrepreneurs of Singapore to like minded innovators elsewhere so that they can link to different technologies that are available in other parts of the world and accelerate their own quality and pace of development” said Puneet Pushkarna, Chairman of TiE Singapore who is also managing a global investment fund, Solmark.
TiE will be launching a huge initiative here to support technology startups, Pushkarna said.
“We want to be part of the journey to take an idea and build it into an enterprise,” he said in an interview with Foreign Investors on India/fii-news.com. TiE is working with many young entrepreneurs in Singapore and helping them in this journey, he said.
TiE Silicon Valley recently launched a Billion Dollar Babies, or B$B initiative for the development of young and bright ideas and transforming these startups into billion dollar businesses.
Pushkarna is optimistic of getting strong support from Singapore government in developing technologies and said TiE will be working with local authorities including the National Research Foundation in the Prime Minister’s Office.
TiE is working with many of our partners ranging from incubators to venture capitalists to finalize ways and means to foster innovation and entrepreneurship. The aim is to evolve and innovate, and help improve quality of life as we create wealth along the way for all stakeholders, said Pushkarna, who spent more than two decades in the Silicon Valley developing cutting-edge technologies.
Innovation has been instrumental in transforming societies and TiE thinks of itself as the “entrepreneur inside the ecosystem” he stressed, pointing out that TiE’s global network of over 10,000 members is one of the biggest platforms in the world for developing new ideas.
“As innovation continues to gain momentum in Singapore, we aim to bring some of the DNA, discipline and thought processes from across the globe into the city state and connect the entrepreneurs here with the world at large.”
TiE Global, which was started in the 1990s by Silicon Valley-based Indian technologists, can connect entrepreneurs to Europe, the United States, India and elsewhere across its more than 60 chapters worldwide.
