TiE Global Summit 2024 targets ₹100+ Crore in Funding for TGS100 Showcase Start-ups; Top 3 to receive a grant of ₹ 50 Lakhs
Bangalore : TiE Bangalore has announced that it is targeting over ₹100 crores to be available in equity funding for its prestigious TGS100 Start-up Showcase at the TiE Global Summit (TGS) 2024. TGS100 is the premier global startup showcase hosted annually by TiE. It focuses on early-stage technology and technology-enabled startups. The initiative recognizes top startups based on their innovative business models, market traction and strength of IP, providing them with the opportunity to engage with prominent venture capitalists, angel investors, and industry leaders. The TGS100 startups will also receive exposure to a global audience of entrepreneurs, investors, and experts at curated events at TiE Global Summit 2024. The summit will take place in Bangalore from December 9-11, 2024, and in Mysore on 12th 2024.
As of now, the following institutional investors have committed to engage, evaluate and invest (based on their due diligence) in TGS100 Start-ups: 100X.vc, Antler, Arali, Arise Ventures, Athera Venture Partners, Elev8, Ideaspring, IIFL Fintech Fund, Mela Venture, Peer Capital, Prime Venture, SEAFUND, We Founder Circle, Tie India Angels, Tie Global Angels, SWISHIN Ventures. Overall, 750+ investors including 50+ angels from USA are expected in attendance. This commitment to engage and evaluate provided by several esteemed investors reinforces the TiE’s mission to support and accelerate the growth of early-stage startups through mentorship, access to capital, and global networking opportunities.
The TGS100 initiative will be further enhanced by the inclusion of a Super Jury comprising renowned figures from venture capital firms – Vani Kola, MD, Kalaari Capitals; Prashanth Prakash, Partner at Accel; Sudhir Sethi, Founder & Chairman, Chiratae Ventures, Venk Krishnan, NuVentures – NuWare and BV Jagadeesh, Managing Partner, SVQuad whose involvement will add immense weight and credibility to the program. The Super Jury will evaluate the top 10 Startups and provide them with unmatched access to guidance and growth opportunities, setting the stage for these ventures to make a significant impact on the global market. The Top 3 Winners will also receive a cumulative grant of Rs. 50 Lakhs from TiE Bangalore.
Selected startups will pitch in the semi-final round across vertical-specific breakout rooms on December 9, 2024, at TGS24 in Bangalore. The final 10 startups will present their pitches in the Main Hall on December 11, 2024, to over 750+ investors, representing $5 billion in collective capital. This platform offers early-stage ventures a unique opportunity to connect with key industry stakeholders and showcase their innovative solutions to a global audience.
“As TGS100 continues to gain momentum, we expect further investment from domestic and international investors, enhancing the resources available for these startups,” said Naveen Gupta, Chair of TGS100 Initiative and Charter Member, TiE Bangalore. “We are grateful to our current investors for their invaluable support, which will enable participating startups to scale and make a substantial impact in the technology space. This funding will accelerate their growth and further strengthen the entrepreneurial ecosystem.”