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10th Anniversary of TiE Young Entrepreneurs Program going global celebrated in Boston

Teams from 25 TiE chapters around the world participated in the competition

 

July 15, 2019:

 

The 10th anniversary edition of the Young Entrepreneurs global Final competition was held on June 21-22 at Boston University and MIT campus; jointly organized by TiE Boston and TiE Global.  25 teams representing TiE chapters from around the world participated in the competition. Teams compete at the chapter level finals first and the winner of each chapter goes on to the Global Competition to compete for $12,000 in cash prizes. Over 125 highschoolers from 75 schools in various parts of the world, (25 TiE Chapter locations) came to compete in this international Competition.

 

Coastline Wrapping (Vancouver), a startup making edible cling wrap out of seaweed won the first prize from TiE Vancouver swept the Competition winning First place, Maker’s Faire and the Elevator Pitch awards. Mediscan (TiE Oregon) a machine learning platform for identifying abnormalities in CT scans, won the second prize . While, TiE Silicon Valley (XrGlove) won third prize developing RFID soap dispensers and sanitizing solutions for restaurants.

The event saw a turnout of over 300 attendees including students, mentors, judges, volunteers and parents. Boston University’s Questrom School of Business served as the hosting arena on day one, where the Semi-finals round and Maker’s faire took place. Of the 25 teams, nine teams participated virtually while the remaining 16 teams were present onsite. International teams that flew in for the competition included teams from Kerala and Hyderabad in India, Melbourne in Australia and Vancouver in Canada. Each event was judged by a pool of judges who were stalwarts in their areas of specialization including healthcare, finance, academia, VC, tech and business.

 

Vinit Nijhawan, TYE Global Host Chair started the proceedings of day one’s closing ceremony with an opening address. He said, “TYE program not only teaches entrepreneurship to high school students, but also teaches them how to reinvent themselves.” TiE Global also recognized the efforts of the host chapter, TiE Boston for creating the TiE Young Entrepreneurs program and fostering its growth which was formally felicitated with a certificate of appreciation. TiE Boston first hosted the inaugural TYE Global competition in 2009 and was the fitting venue for the 10th anniversary.

 

The first president of TiE Boston and renowned serial entrepreneur and philanthropist Gururaj “Desh” Deshpande gave sage wisdom to the children, urging them to become problem solvers and difference makers, and add value to the community.  Blake Sims, Program Director of Social Innovation for Innovate@BU urged students to press on their entrepreneurial journey, which was one of the best forms of education teachers today can impart. 

The action on day two shifted to MIT’s Wong Auditorium where eight top finalists went head to head to win the coveted global competition. The top eight included Vancouver, Boston, Carolinas, Silicon Valley, Oregon, Chennai, South Coast, Kerala. The day witnessed Final presentations followed by an elevator pitch competition for all participating teams. Throughout the competition, the judges put teams to test on every aspect of business right from ideation, planning and go-to-market strategy.

 

The closing ceremony on day two concluded with two keynote addresses from Nilanjana Bhowmik, TiE Boston President and Suhas Patil, entrepreneur, VC and TiE’s first president  followed by the much anticipated awards ceremony. Nitin Rai, Tie Global Chairman, also addressed the audience saying that the TiE Young Entrepreneurs (TYE) program is the crown jewel for TiE Global. He added that - “we are investing in the next generation of entrepreneurs to build new businesses that change the world”.

In addition to top 3 winners, prizes were awarded to several teams for Best Lean Canvas, Best Execution, Best Teamwork, Best Customer Validation, Maker’s Faire award and Best Elevator Pitch. 

 

The marquee event aimed at fostering and promoting the spirit of entrepreneurship amongst the youth. Students got a chance to connect with their peers from other chapters and gain valuable guidance from judges, thought leaders as well the audience members.

 

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About the TYE Global Program

The TiE Young Entrepreneurs (TYE) Program is an initiative from TiE Global that seeks to inspire, challenge and empower students to become the next generation of entrepreneurs and business leaders. Teenage youth (grades 9-12) are taught business basics and the essentials of entrepreneurship. Through the TYE program, students develop self-confidence, presentation skills, leadership, and creativity. Since inception, the program has impacted over 10,500 highschool children, including several from disadvantaged backgrounds. https://www.tyeglobal.org/
 

About TiE Global

TiE Global is a non-profit organization dedicated to fostering entrepreneurship globally through mentoring, networking and education. TiE has 13,000 members in 62 Chapters in 14 countries around the world. Website: www.tie.org

 

 

For more information, contact:
 

Mohini Suchanti, TYE Global Program Head
mohini@tie.org


Katie Quigley Mellor, TYE Boston Program Director | TiE Boston

katie@boston.tie.org