Category Archives: News

Shreekant Patil Achieves World’s 29th Position on Crunchbase’s Influential Leader List

Shreekant Patil, from Nashik, Maharashtra state, the CEO and founder of PARENTNashik and MSME Help, has garnered attention for his remarkable contributions to India’s startup ecosystem. A prominent mentor associated with various initiatives, including MAARG Startup India, BIRAC, AYE, and MeitY Startup Hub, Patil has been recognized for his multifaceted role in promoting innovation and entrepreneurship. His latest achievement places him 29th globally and 2nd in India, among 100,000 entries, in the prestigious Crunchbase Influential Leader List, with the distinction of being ranked 1st in Maharashtra.

Crunchbase, a well-respected platform for global business intelligence, utilizes a comprehensive evaluation system to rank influential figures based on various criteria, including media visibility, leadership skills, and community involvement. Patil’s impressive placement highlights his significant impact on the industry, underscoring his exceptional leadership and business acumen.

This recognition not only showcases Patil’s individual achievements but also symbolizes a pivotal moment for India on the global business stage, reflecting the country’s expanding influence in the international market. It emphasizes the potential for groundbreaking talent to flourish within India, shining a light on the innovative capabilities emerging from the nation.

Since establishing PARENTNashik – Paramount Enterprises in 2004, Shreekant Patil has navigated the challenges of funding, labour, and operational space as a first-generation entrepreneur. Through resilience and strategic insight, he has transformed his company into a key supplier of robotic welding spares for prominent car manufacturers in India, such as Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Bajaj, Piaggio, and Fiat.

In 2008, he further expanded his business to export to the Middle East and the USA, eventually penetrating European markets. Today, Patil is recognized as India’s leading exporter of robotic welding spares, serving esteemed clients like Ford, General Motors, Honda, and Bentley in Europe.

Shreekant Patil’s career is a testament to innovation and dedication. As the founder of Paramount Enterprises, he has developed a diversified portfolio that reflects his commitment to excellence, turning his ventures into platforms for innovation and advancement across various sectors.

While Patil has received numerous national and international awards, his journey is far from over. For the past six years, he has dedicated himself to sharing his expertise with the community, collaborating with Government of India initiatives, NGOs, and various associations. As a leading mentor in programs like BHASKAR MAARG Startup India, WEP, STPI, he is committed to encouraging new startups, empowering women, and supporting MSMEs in their growth.

With experience spanning multiple industries, Patil continues to receive accolades that bolster India’s standing in the global business arena. His journey serves as an inspiration to aspiring entrepreneurs and business leaders striving for excellence and meaningful impact.

Aligned with the vision of “Viksit Bharat 2047,” Shreekant Patil is committed to ensuring that government initiatives reach grassroots levels, empowering individuals and communities across India. His extensive portfolio reflects his dedication to fostering a robust entrepreneurial ecosystem in the country.

KARAM Safety launches industry-first innovative Portable Single Gas Detectors to enhance workplace safety

New Delhi…August 23, 2024… KARAM Safety, a leading global PPE player and fall protection solutions provider, is pleased to announce the launch of its new portable single gas detector. This innovation provides comprehensive safety coverage, ensuring hazardous gases are detected effectively in the workplace

The new single gas detectors are compact and lightweight, ensuring convenient portability. They are equipped with replaceable sensors and batteries, and their robust design is built for the toughest conditions. The devices conform to the IP67 standard, ensuring excellent dust and waterproof performance. Each gas detector is equipped with automated troubleshooting checks to ensure sensor functionality, along with audible and vibrating alarm systems for effective alerts. They display real-time concentration levels of gases in the air and automatically save the 30 previous logs for thorough record-keeping. The detectors also feature a convenient docking station that allows simultaneous calibration of up to four devices, simplifying the calibration process. A metal clip is included for easy attachment to workwear. Effortless setup and data management are possible through the IR Link, and users can manually calibrate gas levels for precise monitoring and accurate readings. The detectors are available in three variants: UGS-O₂, which detects low and high levels of oxygen; UGS-CO, which detects the presence and concentration levels of carbon monoxide; and UGS-H₂S, which detects the presence and concentration levels of hydrogen sulfide.

Gas detection is critical in many industries to prevent exposure to hazardous gases that can pose serious health risks and lead to accidents. These devices protect workers from toxic gases such as carbon monoxide, hydrogen sulfide, and ammonia, which can cause severe health issues or even be fatal. Additionally, they detect flammable gases like methane and propane to prevent potential explosions and fires, ensuring compliance with occupational safety and health regulations. This, in turn, improves operational efficiency by reducing downtime and maintaining productivity by preventing gas-related incidents.

KARAM Safety is a premier global occupational safety organization with an extensive portfolio of over 3500 certified products that meet various national and international standards. Known for its vertically integrated manufacturing setup, KARAM Safety produces all products and their components in-house. Mr. Hemant Sapra, President, Global Sales & Marketing, KARAM Safety, commented on the launch, “By implementing KARAM Safety’s cutting-edge portable single gas detector, companies can enhance their safety protocols, protect their workforce, and maintain a secure working environment. This innovation reflects KARAM Safety’s commitment to advancing safety technology and setting new standards in workplace safety. We are dedicated to safeguarding the lives of millions of industrial workers worldwide by providing high-quality Personal Protective Equipment (PPE). This commitment is supported by ongoing research and development, as well as manufacturing processes that are efficient, safe, and systematic.”

KARAM Safety recently participated in the two-day Uttar Pradesh Fire & Safety Expo and Conference (UFSEC), where these new launches were displayed. The expert team at KARAM Safety continuously develops, tests, and evaluates products, establishing the company as a leading global provider of world-class PPE, fall protection solutions, and fixed-line systems. KARAM Safety’s mission is to protect millions of lives globally and make a significant impact in personal safety. The company aims to equip workers facing diverse hazards with comprehensive knowledge of personal safety. Beyond its business objectives, KARAM Safety is a responsible brand that values empowering individuals, uplifting communities, and preserving the environment.

SCOPE Unveils XMHFT, Projecting dollar1.8 Million Annual Revenue by Year 3

National, 23rd August 2024 – SCOPE, a leading financial consulting and fundraising firm, proudly announces the launch of XMHFT, its latest venture into the high-frequency trading (HFT) sector. This innovative service will deliver advanced, AI-powered HFT algorithms tailored specifically for B2B clients in the United States and India. XMHFT is set to transform the trading landscape by offering mid-sized firms unprecedented access to cutting-edge trading technology at a competitive rate of $9,000 per terminal.

SCOPE has long been recognized for its prowess in fundraising and consulting, particularly in the startup and venture capital sectors. With the introduction of XMHFT, SCOPE is expanding its offerings to include high-frequency trading, a domain typically dominated by large financial institutions. The service leverages AI-driven algorithms designed for latency arbitrage, statistical arbitrage, and sentiment analysis, providing clients with the speed, precision, and scalability necessary to excel in today’s fast-paced trading environments.

XMHFT is strategically positioned to capitalize on the growing HFT trend, which currently accounts for 50-60% of trading volumes in U.S. equity and futures markets. By expanding its services into the Indian financial markets, SCOPE is not only broadening its geographical reach but also offering robust trading solutions in a rapidly developing market.

SCOPE anticipates substantial growth from XMHFT over the next three years, with revenue projections set at $450,000 in Year 1, $900,000 in Year 2, and $1.8 million by Year 3. These figures reflect the company’s confidence in the scalability and demand for HFT services among mid-sized firms.

Appalla Saikiran, Founder & CEO of SCOPE said, “Launching XMHFT represents a bold step forward for SCOPE as we continue to innovate and expand our service offerings. By democratizing access to high-frequency trading technology, we’re empowering mid-sized firms to compete on a global stage, driving growth and creating value for our clients. We are excited about the potential XMHFT brings and look forward to redefining the asset management landscape.”

By utilizing its established infrastructure and strong market reputation, SCOPE aims to drive client success in the HFT sector, ultimately achieving profit margins of 35-40% within three years.

SCOPE’s entry into high-frequency trading builds on its solid financial performance over the past year. The company facilitated fundraising for 82 startups, each securing average investments between $3M and $4M, generating $11.89 million in revenue from success fees and upfront fees. Additionally, SCOPE supported 8 venture capital funds in raising $175 million, contributing an additional $3.5 million in success fees. With 138 B2B clients utilizing its consulting services, SCOPE’s total revenue reached $40.23 million, with profits soaring to 18%.

XMHFT distinguishes itself in the market by offering a cost-effective solution for mid-sized firms at $9,000 per terminal, ensuring affordable access to high-frequency trading technology. It serves both U.S. and Indian markets, providing a broad range of trading strategies, including latency arbitrage, statistical arbitrage, and sentiment analysis. Clients also benefit from SCOPE’s extensive expertise across fundraising, consulting, and asset management, which ensures a comprehensive and holistic approach to financial growth.

The launch follows SCOPE’s recent acquisition of an Asset Management License in the U.S., which marked a pivotal expansion of the firm’s investment capabilities. With over $90 million secured to support its asset management division, SCOPE is well-equipped to manage a diverse client portfolio, focusing on high-growth sectors such as fintech and gaming.

Prime Video Launches a Special Roundtable with ‘Angry Young Men’ Salim-Javed, hosted by Farah K

Prime Video dropped a special roundtable conversation with the legendary writer duo Salim-Javed, filled with lighthearted banter and heartwarming anecdotes as they reminisced about the good old days. The duo, whose creative partnership revolutionized Hindi cinema, were joined by their children who are accomplished film personalities today and also the Executive Producers of the docuseries, Salman Khan, Zoya Akhtar, and Farhan Akhtar, along with director Namrata Rao and celebrated choreographer and filmmaker Farah Khan, who was the lively host.

This candid chat offers a fascinating glimpse into the duo’s journey, from their first encounter on the set of Sarhadi Lootera to their regular meetings by the sea, where many of their legendary ideas were born. Javed Akhtar humorously shared how their partnership began out of necessity, as both were struggling writers at the time.

The conversation delved into their breakthrough moment with the film Zanjeer, which introduced audiences to the ‘Angry Young Man’ persona, forever linked with Amitabh Bachchan and marking a turning point in Indian cinema. As they reflected on this pivotal moment, Farah Khan kept the conversation dynamic, engaging the next generation—Salman, Zoya, and Farhan—who shared how growing up around these cinematic legends shaped their own careers.

Namrata Rao, making her directorial debut with Angry Young Men, expressed her admiration for the duo’s work, even though she wasn’t from their generation. The docuseries, which revisits the iconic films penned by Salim-Javed, promises to offer a fresh perspective on their contributions to Hindi cinema.

The roundtable wrapped up on a fun note with a quiz round filled with trivia about Salim-Javed’s iconic films, keeping everyone on their toes.

Produced by Salman Khan Films, Excel Media & Entertainment, and Tiger Baby, Angry Young Men is executive produced by Salma Khan, Salman Khan, Ritesh Sidhwani, Farhan Akhtar, Zoya Akhtar, and Reema Kagti. The three-part docuseries masterfully captures the personal and professional journey of Salim-Javed is exclusively streaming on Prime Video in India and over 240 countries and territories worldwide.

Axis Bank celebrates World Senior Citizen Day across its 5430+ Branches pan India

New Delhi, 22 August 2024: Axis Bank, one of the leading private sector banks in India, celebrated ‘World Senior Citizen Day’ by felicitating its senior citizen customers across its 5430+ branches pan India. As a part of the celebration, Axis Bank raised awareness about the best available investment options for them such as Mutual Funds, Systematic Investment Plans (SIPs), Term Deposits (TDs) and other specialized financial services.

The Bank apprised senior citizen customers about its “Silver Lining Program”, a comprehensive suite of offerings, specifically curated to address the banking requirements of the elderly. This program offers smart and relevant benefits such as –

· Dedicated Relationship Manager

· Up to 15% discount on Apollo Pharmacies and up to 20% off at several diagnostic centres

· Up to 0.75% higher interest rate on Axis Bank Term Deposits

· Special fares and ZERO convenience fee on flight booking via TRAVEL EDGE along with TRAVEL EDGE concierge service to help with bookings.

· Complimentary Rs.1500 voucher on domestic flight tickets via TRAVEL EDGE

· Complimentary 6 months Sony Liv Membership

Speaking on the occasion, Arnika Dixit, President & Head – Branch Banking said, “At Axis Bank, we believe that serving our customers goes beyond providing financial services. This initiative reflects the deep respect and commitment that we have for senior citizens, the backbone of our society. They have contributed to building a strong ecosystem for future generations, and it is our turn now to give back and take care of them. By supporting and providing them with a convenient and seamless banking experience, with products that are customized for them, we aim to fulfil all the necessities and requirements they have at this stage of their lives.”

To mark the celebrations, Axis Bank collaborated with its Health and General Insurance partners at select Axis Bank branches to provide free digital health check-ups for senior citizens, which includes Body Mass Index (BMI), blood pressure, oxygen saturation, heart rate, respiratory rate, etc. Additionally, the Bank announced exclusive offers, like discounts of up to 21% on purchase of medicines through the online healthcare platform, Optimists.

NTPC Kickstarts Campaign for Vigilance Awareness Week 2024

New Delhi, 22nd August 2024 : The three-month-long campaign in the run up to the Vigilance Awareness Week 2024 at NTPC was launched by Ms Rashmita Jha, Chief Vigilance Officer, NTPC at New Delhi on 16th August 2024. Vigilance officers posted across NTPC participated in this programme through video conferencing.

Speaking on the occasion, Ms Jha appealed all vigilance officers to work on areas outlined by Central Vigilance Commission for the three-month-long campaign. She asked all the vigilance officers for extensive outreach through various methods such as plays, quizzes, informative videos, audios, jingles, and vendor meetings. She also encouraged exploring innovative approaches to enhance vigilance awareness during the interaction.

She also urged the Vigilance Officers to continuously strengthen the Culture of Integrity both within the organization and in the broader community for the nation’s prosperity. All senior officials of Corporate Vigilance were present on this occasion.

EndureAir Partners with 5 defence PSUs under the Landmark Defence Testing Infrastructure Initiative

India, 22nd August 2024: EndureAir, an unmanned aviation technology company focused on providing world-class drone technology, collaborates with five Defence Public Sector Undertakings (PSUs), participating under the Defence Testing Infrastructure Scheme (DTIS). Under this transformative initiative, the Ministry of Defence (MoD) has signed a Memorandum of Understanding (MoU) to establish advanced testing facilities within the Uttar Pradesh Defence Industrial Corridor (UPDIC).

Being the sole private firm involved alongside the five Defence PSUs (namely HAL, BEL, GIL, YIL and BEM), IIT Kanpur, and UP Defence Corridor, EndureAir is poised to play a pivotal role in this endeavour. Establishing these state-of-the-art testing facilities will drive technological advancements and provide essential infrastructure to test and refine niche defence technologies, particularly in unmanned aerial systems.

One of these facilities is dedicated to Unmanned Aerial Systems (UAS), which will be in Technopark IIT Kanpur, marking a significant milestone in the drone industry and the advancement of indigenous defence technologies in India.

Prof. Abhishek, Co-founder of EndureAir, commented, “We are honoured to be a part of this landmark initiative. The establishment of UAS testing facility at IIT Kanpur would ensure easy accessibility to all end users and at EndureAir we hope to leverage this infrastructure to build world class high performance UAS solution. We look forward to contributing to the growth of the defence sector and supporting the vision of a self-reliant India.”

This MoU represents a crucial step towards enhancing self-reliance and reducing dependency on imports within the defence sector by facilitating certification of UAS and subsystems to meet international standards. The initiative fosters collaboration between private industry and the government, aiming to boost indigenous defence production and support the aerospace and defence sectors within the Defence Industrial Corridors.

These testing facilities would address several key challenges faced by the drone industry in India:

• Enhanced Testing Capabilities: The Indian UAV industry today faces challenges of testing facilities or space, to test advanced drones. These facilities provide advanced infrastructure for rigorous testing of unmanned aerial systems, ensuring they meet the highest standards of performance and reliability for the Indian Army.
• Faster Path to Certification: UAS for defence application, particularly in higher weight category would need to be certified as per international standards. UAS testing facility would enable sub-system level testing to ensure high reliability of the system, which would result in higher customer satisfaction eventually promoting the growth of industry and would help open foreign markets.
• Integration with Defence Industrial Corridors: The emerging UAS companies that are looking to establish their manufacturing plants in Uttar Pradesh would receive a boost through this initiative by helping them in get timely certification for their products.

 This collaboration underscores a significant shift towards self-reliance and indigenous production in the Indian defence sector. For EndureAir, and the broader drone industry, this development marks a crucial opportunity to leverage advanced testing infrastructure to drive innovation and enhance the global competitiveness of Indian-made UAVs. The facility will serve as a benchmark for future advancements, facilitating the testing and deployment of sophisticated unmanned systems that meet both national and international standards.

Nikeet Dhillon on Working with Rudhraksh Jaiswal in Tujhpe Main Fida S2: “A Mix of Learning and Laughs”

Mumbai, 22nd August 2024- Amazon miniTV, Amazon’s free video streaming service, recently released the second season of its modern-day mystery drama, Tujhpe Main Fida. This season transports viewers back to the enigmatic world of Cole Town, where every nook and cranny is shrouded in mystery. At the heart of this series is the complex love story of Marcus and Aira, who set out to rekindle their relationship while uncovering the town’s mysteries. Helmed by Mann Singh Manku and produced by BBC Studios Productions, Tujhpe Main Fida S2 features the talented Rudhraksh Jaiswal and Nikeet Dhillon in the lead roles.

Nikeet, who reprises the role of Aira in the second season, got candid about her experience working with Rudhraksh. She shared, “Working with Rudhraksh has been a fascinating ride. He’s achieved so much at such a young age, and I’ve learned quite a few things from him — some I’ll treasure, others I am more than happy to leave behind. We’ve had our share of disagreements and fun moments, kind of like a buddy cop duo but without the crime scenes. Overall, it’s been a mix of learning, clashing, and cracking up together — a truly memorable experience.”

She also expressed her gratitude to the audience for their overwhelming love, adding, “I’m deeply grateful to the audience for supporting Tujhpe Main Fida over the past two seasons. We’ve poured our hearts into making something special, and their support means the world to us. I hope they continue to enjoy every twist and turn of the story and find a part of themselves in the characters’ struggles and triumphs. Honestly, it’s the audiences’ enthusiasm and support that keeps us motivated.”

Tujhpe Main Fida S2 is now streaming exclusively on Amazon miniTV for free within Amazon’s shopping app, Prime Video, Fire TV, and Smart TVs, or download the app from Play Store.

Cashfree Payments’ Secure ID crosses 100Cr+ verifications and prevents fraud worth INR 50Cr+ for businesses

Bengaluru, 22 August 2024: Cashfree Payments, India’s leading payments and API banking solutions company, today announced that Secure ID – it’s end-to-end solution for identity verification, risk assessment, and fraud prevention has crossed 100Cr+ verifications and has prevented fraud worth INR 50Cr+ for businesses.

Talking about this milestone, Akash Sinha, CEO and Co-Founder, Cashfree Payments, said, “Ensuring secure, scalable, and risk-free solutions for businesses is the cornerstone of our work at Cashfree Payments. Our Secure ID platform integrates cutting-edge technology with robust verification and risk management infrastructure, empowering merchants to comply with regulations while safeguarding against fraud. By addressing the unique needs and regulations of various industries, Secure ID delivers unparalleled efficiency for businesses across the board.”

Secure ID leverages cutting-edge AI and LLMs to seamlessly integrate into existing workflows for businesses, ensuring a smooth user experience across onboarding, user data verification and identifying user-level fraud. The AI-powered fraud detection solution offers unparalleled reliability by identifying suspicious activities, anomalies, and patterns indicative of fraudulent behaviour. Additionally, SecureID provides data-driven risk scoring for informed decision-making and monitoring for potential risks in the user’s journey.

Addressing the technological excellence behind this platform, Ramkumar Venkatesan, CTO, Cashfree Payments, said, “I’m proud to highlight how Secure ID leverages advanced technologies to offer a comprehensive solution. It includes NLP-based OCR, selfie verification with liveliness checks, and device intelligence. By integrating AI and ML, Secure ID provides sophisticated features such as bank statement analysis and risk scoring, delivering resilient and adaptive solutions tailored to diverse industry requirements. Built with a focus on the interconnectedness of identity verification, risk assessment, and fraud prevention, Secure ID enables us to capitalise on the momentum of innovation, advancing our technology strategy and ensuring Cashfree Payments remains at the forefront of the evolving payments industry.”

With Secure ID, Cashfree Payments has consolidated all its verification offerings into a single suite, boosting operational efficiency. This includes Aadhaar, PAN, DL, Voter ID, Passport verifications, Face Match, Liveness Detection, GeoLocation Check, Bank Account, and UPI ID verifications.

Leading brands like Kotak Life Insurance, Bajaj Finance, Tata AIG, Cred, BookMyForex, Meesho, and Acko General Insurance Limited are part of the Secure ID portfolio, showcasing the widespread industry adoption of this platform.

Highlights of SecureID:

· Crossed 100 Cr+ verification transactions and prevented frauds worth INR 50Cr+, highlighting Secure ID ‘s scalability and partner trust

· Processes 10 crore+ verifications per day while maintaining exceptional >99% success rate and 100% uptime

· Aims at reducing operation costs by upto 75%, minimising fraud losses by upto 70% and achieving higher conversion rates by upto 50%

· Integrates effortlessly with various data aggregators, including Banks, Account Aggregators, Credit Bureaus, Digilocker, and more.

· Addresses multiple business needs – Digital Onboarding, Disbursals, Digital KYC, Managed KYC, KYB, Risk profiling, Risk monitoring and more.

· Powered by advanced AI and LLM models, SecureID enables functionalities such as facial recognition, OCR for Aadhaar and PAN, fraud detection, risk scoring, and more.

· Brands using Secure ID include Kotak Life Insurance, Tata AIG, Meesho, BookMyForex and more

Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. Cashfree Payments’ SecureID leverages cutting-edge technology to cater to various industries’ specific needs and regulations. It scales seamlessly with a business’ user base and offers comprehensive coverage throughout the user journey, making it an industry-agnostic solution. With UIDAI recording 1.96 billion Aadhaar authentications in April 2023, the Indian identity verification market holds immense potential, poised to exceed 100 billion verifications annually. SecureID, through the effective combination of identity verification, risk assessment and fraud prevention, will lay the foundation for broader financial inclusion by enabling secure and accessible financial services.

Cashfree Payments is India’s leading payment service provider, processing transactions worth USD 80+ billion annually. It is a trusted choice for over 6,00,000 businesses for digital payment solutions. The company is redefining how businesses approach digital payments, verification, and payouts through its wide range of tech-first offerings. Cashfree Payments is expanding its presence in the UAE region outside of India through its acquired partner, Telr.

TiE Bangalore and Atria University Launch Sustainable Entrepreneurship School and Global GreenFlame Campaign

Hyderabad/Bangalore, August 22, 2024–In a significant development on World Entrepreneurs Day, TiE Bangalore and Atria University have signed a Memorandum of Understanding (MoU) to launch the Atria School of Sustainable Entrepreneurship supported by TiE Bangalore (ASSET). This strategic partnership aims to create a pioneering platform dedicated to advancing sustainable business practices by equipping future entrepreneurs with vital skills and knowledge. In conjunction with this partnership, TiE Bangalore has launched the TGS2024 GreenFlame of Entrepreneurship Global Campaign. This initiative is set to engage the global entrepreneurial community, secure 100,000+ pledges to drive meaningful action toward a sustainable future among youth.

The MoU was signed by Shri Madan Padaki, Chair of TGS2024 and President of TiE Bangalore, and Shri Dr. Rajeevan Madhavan Nair, Vice Chancellor of Atria University, and former Secretary in the Ministry of Earth Sciences (MoES), Government of India.

The Atria School of Sustainable Entrepreneurship supported by TiE Bangalore (ASSET) will offer a comprehensive suite of educational programs, including workshops, certification courses, diploma programs, and a four-year degree. These offerings will cover crucial areas such as NetZero, Circular Economy, Asset Tokenization, and Responsible AI, while also focusing on Design Thinking, Rapid Prototyping, and Market Validation. The degree program will also include 8 additional sprints concentrating on Entrepreneurship, such as Ideation to Design, Validation & Viability, Market Sizing, and Business Model Innovation, with mentoring support from Entrepreneurs-in-Residence (EiRs). TiE mentors and angel investors will guide and shape startup projects, provide monthly talks/masterclasses by successful entrepreneurs, and offer internships in TiE startups. Atria University will also provide a dedicated co-working space, Beyonder Studio, which will host sustainability-focused startups recommended by TiE. These startups will benefit from open access to academic sprints, interaction with CoE practitioners and faculty, and collaboration with Atria University students across various majors.

Present at the signing of the Memorandum of Understanding (MoU), Madan Padaki, President TiE Bangalore and Trustee, TiE Global said, “The 20th-century industrial revolution borrowed from the future to pay for the present. We must break this pattern and find ways to achieve sustainable economic growth uncoupled from environmental degradation. This is where sustainable entrepreneurship comes into play. By combining traditional business acumen with a deep understanding of environmental and social issues, sustainable entrepreneurs aim to create solutions that address global challenges while generating profit. This partnership represents a pivotal moment in our commitment to nurturing sustainable entrepreneurship. By combining our strengths with Atria University’s academic excellence, we aim to create a vibrant ecosystem that not only supports but accelerates the growth of innovative and sustainable enterprises.”

Dr. Rajeevan Madhavan Nair, Vice Chancellor of Atria University and former Secretary, Ministry of Earth Sciences (MoES), Government of India, emphasizes the importance of this approach. “We are seeing a fundamental shift in how we view economic opportunities. Global challenges like climate change and biodiversity loss aren’t just problems to solve – they are opportunities for innovation and new business models. We are thrilled to embark on this journey with TiE Bangalore. The launch of the Atria School of Sustainable Entrepreneurship on World Entrepreneurs Day underscores our shared vision of fostering a new generation of entrepreneurs who will lead with sustainability at the core of their business practices.”

The TGS2024 Green Flame campaign will feature a vibrant virtual green flame animation symbolizing the global movement towards sustainable entrepreneurship. As the campaign progresses, each TiE chapter globally will be spotlighted on the microsite map as the flame reaches its region. Chapters will maximize engagement by sharing inspiring messages, celebrating green entrepreneurs, and posting impact stories on social media. The campaign aims to secure 100,000 pledges and achieve millions of social media impressions, showcasing the global entrepreneurial community’s commitment to sustainability.

“The TGS2024 Green Flame of Entrepreneurship embodies our collective commitment to building a future where business success is deeply intertwined with sustainable practices. This initiative is not just about pledges; it’s about igniting a global movement that will inspire young entrepreneurs to lead with purpose and responsibility.” Madan Padaki added.