TiE Global Summit 2024 Concludes in Bengaluru, Empowering Young Entrepreneurs and Strengthening Global Collaborations

Bengaluru/Mumbai 13th December 2024: The three-day TiE Global Summit (TGS) 2024 in Bengaluru (with the final day slated to be held in Mysore on 12th December) concluded with a lasting impact on the startup ecosystem, entrepreneurs, family offices, and global collaborations. With the theme of ‘Putting Entrepreneurship First,’ the summit thrived with dynamic participation from entrepreneurs, investors, innovators, industry leaders, policymakers, youth, and academia. The global event was organized by TiE Bangalore, with Karnataka Digital Economy Mission (KDEM) as a strategic partner and support from the Government of Karnataka as the State Partner . It was co-hosted by the Ministry of Electronics and Information Technology (MeitY), MeitY Startup Hub, India AI Mission, and Software Technology Parks of India (STPI).

The summit is supported by prominent partners, including Invest Karnataka, SBI, Amazon, IBM, Chiratae Ventures, Kaynes Technologies, NuVentures, Havas Group, Avasant, Accel Partners, Kalaari Capital, BHIVE, GIFT City, NMDC, and ECGC, which is supporting the Futurepreneurs initiative.

Summary of the Three-Day TiE Global Summit 2024:

• The TGS100 initiative at the TiE Global Summit 2024 (TGS24) recognized outstanding early-stage startups from across the globe. After reviewing over 1,300 applications from 17 countries, the top winners were announced: Breer Limited, a socially driven company transforming food waste into exceptional beer, won 1st place and a prize of ₹35 lakhs. Takeme2space, an aerospace technology company focused on enabling advanced computational infrastructure in space, claimed 2nd place and a prize of ₹10 lakhs. Proleri Technologies, an agritech company innovating in the use of farm-grown plant leaves to produce high-quality proteins, secured 3rd place and a prize of ₹5 lakhs. These winners showcased exceptional innovation and entrepreneurial spirit in sectors like AI, healthcare, and sustainability.
• Another highlight of TGS24 was the TiE Women Global Pitch Competition, which celebrates the leadership and innovation of women entrepreneurs worldwide. This year, the competition saw record-breaking participation of over 3,100 women-led startups from 62 countries across sectors like Ed-Tech, Health-Tech, AI, Agri-Tech, and Sustainability. Teri Sirset, Co-Founder and CEO of DASI Simulations from TiE SoCal claimed the 1st place prize of $25,000. Adithi Aji, Founder and CEO of Adrich, Inc. from TiE Pittsburgh, secured 2nd place with $15,000, and Irena King, Founder and CEO of Surgicure Technologies, Inc. from TiE Boston, earned 3rd place and $10,000. This initiative exemplifies TiE’s commitment to empowering women entrepreneurs and driving global gender diversity in entrepreneurship.
• On Day 1 of the summit at IISc, The TiE Bangalore Antar Prerana Global 2024, an initiative of the TiE Global Summit 2024 was organized aimed at empowering entrepreneurs with insights drawn from both ancient wisdom and modern practices. With the theme “Bridging Inner Transformation with Entrepreneurial Impact”, the summit featured various sessions such as “Fostering I Can,” “Enabling You Can,” “Empowering We Can,” and “Implementing I Will.” Eminent speakers guided entrepreneurs through different stages of inner transformation and action, reflecting a progressive approach to personal and professional empowerment.
• At the TiE Global Summit 2024, the Department of E, IT, Bt, the government of Karnataka signed a letter of Intent with the New Jersey Department of State, United States. The Letter of Intent was signed by Dr. Ekroop Caur, IAS, Principal Secretary to Government, Department of E, IT, BT & S&T, Government of Karnataka and Lt. Governor Tahesha Way, New Jersey, and Secretary of State. This landmark partnership aims to foster global innovation and technology collaboration through Twin City collaboration between Bengaluru and New Brunswick, Engagement between Karnataka and New Jersey startup ecosystems, collaboration in Lifesciences, Deep Tech (AI, cybersecurity), electronics, and Semiconductors.
• Day 3 of the summit at Bangalore International Exhibition Center (BIEC) witnessed star-studded sessions like Ankur Warikoo Entrepreneur, Author, and Content Creator, who spoke about the essence of “How to Be Epic” by sharing insights from his journey. He emphasized that being epic is not about perfection or avoiding failure but about resilience, self-awareness, and the courage to pursue what truly matters. Drawing from his own life, he highlighted how embracing failures, staying curious, and making deliberate choices have shaped his path. His speech inspired the audience to focus on personal growth, authenticity, and the willingness to adapt in the face of life’s uncertainties.
• On Day 3 of the TiE Global Summit 2024, four pivotal MoUs were signed to establish the STPI-led Center of Excellence in Efficiency Augmentation (CoE-EA). Dr. Sanjay Tyagi, Jurisdictional Director, STPI, exchanged MoUs with Shri Manas Das, Sr. Director, Intel India Pvt Ltd; Shri Devadas Shetty, Vice President, Supply Chain Performance, Schneider Electric; Shri Nishant Dhoreliya, Lead, Corporate Startup Partnerships, Bosch; and Shri Pramod Kumar P, Senior Manager, IEEE India. Supported by KITS, the Government of Karnataka, and Hewlett Packard Enterprises, the CoE-EA aims to support 100 startups and engage 25,000 students over the next five years, leveraging IoT, AI, and automation to drive industrial efficiency and innovation.
• On Day 3 there was a panel discussion on Strengthening the Indo-US Corridor: For Entrepreneurship and Investments was moderated by Ravi Narayan, Senior Advisor, Startup Genome with an esteemed panel including Manjusha Tipre, President, TiE New York & Co-Founder Yaala Labs; Upasana Sharma, President of TiE Toronto and Investor Quotient; Yash Shah, Ex-President of TiE Boston; Sundi Natarajan, TiE Washington DC Board Member; and Suresh, TiE President, New Jersey. The panel discussed the thriving business ecosystem in the US and Canada, where even small startups can bag a multi-million project from the federal government and private players in diverse sectors. They highlighted the role of TiE Global in facilitating innovators and creators with mentorship, networking with the governments in the US and Canada, and asked the startup founders and entrepreneurs to get in touch with TiE, who in turn would give their playbook.
• On Day 3 of the TiE Global Summit 2024, a panel discussion on the “Institutionalization and Scaling of Family Office Stories” featured industry leaders: Manish Choksi, Vice Chairman at Asian Paints; Vimal Kedia, Group Chairman at Manjushree Ventures; Apurva Salarpuria, Director at Salarpuria Group; and Raman Roy, Solutions Chairman and Managing Director at Quantro BPO, moderated by TC Meenakshisundaram, Founder and Vice Chairman of Chiratae Ventures. The panel explored the shift from traditional wealth management to institutional frameworks, focusing on multigenerational wealth preservation, CIO roles, professional governance, and opportunities in alternative assets and startups.
• A key highlight of the TiE Global Summit 2024 was the session on “Why and How of Startup Investments,” led by Kris Gopalakrishnan. The session delved into the transformative potential of startup funding in driving India’s economic growth and innovation ecosystem, stressing the need for billion-dollar funds to support emerging sectors like AI, healthcare, and advanced manufacturing. Discussions centered on how strategic investments in research and patient capital can accelerate India’s transition to an IP-led economy and foster technological leadership. Mr. Gopalakrishnan emphasized the importance of collaboration between investors, researchers, and entrepreneurs to address scaling challenges and advance sustainable innovations, ultimately urging greater participation in startup investments to create jobs, boost economic growth, and position India as a global leader in affordable, high-impact solutions.
• At the TiE Global Summit 2024 Futurepreneurs Conclave, a key panel discussion titled “Investor’s Playbook: The State of Venture Capital in India” took place, moderated by Mahavir Pratap Sharma, Chair of TiE India Angels and RAIN (Rajasthan Angels). The session featured prominent industry leaders B.V. Naidu, Chairman of the Karnataka Digital Economy Mission, and T.V. Mohandas Pai, Chairman of Aarin Capital and Manipal Global Education. The panel explored the latest trends, challenges, and opportunities shaping India’s venture capital ecosystem, while also unveiling the “Landscape of Early-Stage Funding in Karnataka” report.

GoTo Enhances IT Productivity with New AI, Automation, and Management Features to Drive Business Value

India, December 13, 2024 – GoTo, the company making business communications, IT management, and support easy, today announced a series of updates to its flagship IT solutions GoTo Resolve and LogMeIn Rescue. These enhancements include advanced AI capabilities, improved device management, and streamlined workflows to help IT teams operate more efficiently and address the evolving endpoint management landscape and needs of modern businesses.

As IT environments grow increasingly complex, companies need tools that go beyond fixing immediate issues and enable proactive management. GoTo’s latest innovations equip IT professionals with smarter solutions to shift from reactive troubleshooting to proactive problem-solving, so IT teams can maximize their resources and maintain control of sophisticated infrastructure.

The latest features for the GoTo Resolve Unified Endpoint Management (UEM) solution are designed to provide the simplicity, short time-to-value, and efficiency that small and midsize businesses (SMBs) and Managed Service Providers (MSPs) need to stay ahead in a competitive market, including:

• AI-powered Helpdesk Enhancements: Speed up ticket resolution with automatic summaries, suggested replies, and a user-facing troubleshooting assistant.
• AI-enhanced Knowledge Base: Automatically create, manage, and retrieve essential IT information and troubleshooting guides.
• Windows Update Policies: Automate patch management for improved system security.
  Expanded Remote Execution: Simplify workflows with a new script library and pre-built automation templates.
• Problem Management: Automatically link and manage related tickets to streamline resolution processes and provide insights into incident patterns.

Additional enhancements for Rescue offer enriched enterprise-scale IT and customer support to more easily manage and secure devices and data:

• Redesigned Device Manager: Organize and manage unattended devices at scale with a more intuitive and efficient interface.
• Unattended Privacy Mode: Protect sensitive data during remote support sessions with enhanced privacy controls including screen blanking and mouse locking.

“At GoTo, we’re committed to delivering innovative IT management and support solutions that empower teams to work smarter,” said Olga Lagunova, Chief Product and Technology Officer at GoTo. “These updates for GoTo Resolve and Rescue leverage AI, automation, and integrations to transform how IT teams operate. By enabling proactive problem-solving, scalable support, and more efficient workflows, businesses of all sizes can thrive in an ever-changing technological landscape.”

These updates are part of a broader wave of innovation from GoTo in 2024, with over 60 new features launched this year alone. GoTo Resolve introduced powerful features to enable IT teams with practical AI, automation capabilities, and streamlined endpoint management, such as:

• GoPilot Interactive AI Assistant: An always-on AI helper that autonomously detects, resolves, and prevents endpoint issues while providing IT agents with real-time support for queries and troubleshooting.
• Self-Healing Alerts: Proactively identifies and resolves potential issues before they disrupt operations, ensuring seamless workflows.
• Software Asset Management: Streamlines the monitoring and management of software inventories directly from the console.
• New Integrations: Start and share support sessions directly within tickets generated in Jira Service Management, ConnectWise Manage, and Freshdesk.

Rescue’s enhancements also empowered enterprise IT teams to support employees and customers in the systems where they are already working, providing unparalleled support flexibility and driving improved service delivery:

• Rescue Web Technician Console: A browser-based console that allows IT professionals to deliver streamlined support from any device, eliminating the need for pre-installed software.
• New and Improved Integrations: Improve workflows with new Microsoft Teams and Jira Service Management integrations, an enhanced Salesforce integration for remote support, and a new Live Lens integration with ServiceNow.

Unplug with Family at Happiest Health’s Get Set, Grow Summit 2024 – A Digital Detox Experience

In today’s fast-paced digital world, finding a healthy balance between screen time and meaningful family interactions has become more challenging than ever. Happiest Health is all set to host The Get Set Grow Summit 2024 on the 14th of December at Bethany High School, Bengaluru, a unique event designed to address this issue by promoting family health and wellness through the theme of ‘Digital Detox’. This interactive and enriching day is dedicated to helping both parents and children (aged 5-12) reconnect, unplug, and embrace a holistic approach to well-being in a technology-driven age.

With its ‘Digital Detox Edition’, the summit will focus on the importance of screen-free family time through interactive and fun sessions for children, providing practical tools to help families navigate the challenges of balancing technology use with quality, tech-free moments. Participants will discover strategies for developing healthier habits, enhancing family bonds, and promoting overall well-being through a series of engaging sessions tailored for kids.

The day-long summit will be filled with enlightening interactive sessions and activities. Here’s a glimpse of those interesting topics:

Expert Talks: Thought-provoking sessions on Digital Parenting, Mindful Technology Use, and Navigating Screen Time with industry-leading experts.

Interactive Workshops: Learn about the importance of nutrition, fitness, and mental wellness through hands-on cooking classes, yoga sessions, and fun art projects.

Family Activity Zones: Tailored zones with fun, educational experiences designed for parents and kids to enjoy together, all aligned with the event’s theme of digital detox.

Competitions and Challenges: Exciting games and activities that promote teamwork, creativity, and healthy competition among families.

Happiest Health invites parents, schools, wellness-focused families, and anyone looking to foster stronger, screen-free family bonds to attend this exciting, one-of-a-kind event.

Nandi Infrastructure Corridor Enterprise Ltd. Receives Prestigious Construction Times Award for 41 km Peripheral Road

Bengaluru, December 13, 2024: Nandi Infrastructure Corridor Enterprise Ltd. (NICE) has been recognized for its exceptional work on the NICE 41 km Peripheral Road in Bengaluru, winning the award for Best Concrete Road (Rigid Pavement) – Construction and Maintenance in India at the Construction Times Award 2024.

“We are honored to receive this prestigious award, which is a testament to our team’s dedication and hard work,” said Mr. Ashok Kheny, Managing Director, NICE Ltd. “This recognition not only boosts our reputation but also motivates us to continue delivering high-quality infrastructure projects that benefit society.”

The award ceremony took place on December 12, 2024, at Greater Noida, as part of bauma CONEXPO INDIA 2024. Renowned economist and former Member of Parliament, Dr. Subramanian Swamy, graced the event as the Chief Guest.

NICE Road’s win demonstrates the company’s commitment to excellence in construction and maintenance. The award is a result of a rigorous evaluation process by a distinguished jury, considering parameters such as project execution, innovation, and sustainability.

Rakesh Jadhav Takes the Helm as Executive Sous Chef at DoubleTree by Hilton Pune-Chinchwad

DoubleTree by Hilton Pune-Chinchwad is delighted to welcome Rakesh Jadhav as its new Executive Sous Chef. With more than 17 years of experience in the culinary industry, Rakesh brings a wealth of knowledge and skill in diverse cuisines, having worked with some of the most esteemed hospitality brands. His extensive experience includes roles at Taj (Pune), Marriott (Pune & Goa), Accor (Mumbai), Starwood (Maldives), IHG Hotels (Pune), RHG Hotels (Pune), Royal Orchid Hotel (Pune), Kandima (Maldives), and Hilton (Pune).

 Rakesh is celebrated for his creativity, artistry, and passion for culinary excellence. His expertise lies in crafting exquisite dishes and experimenting with seasonal ingredients to create unique menus that bring delight to guests. On joining the team, Rakesh expressed, “I love the creativity and artistry that goes into crafting exquisite dishes. I enjoy experimenting with seasonal ingredients to create unique menus that delight our guests. Watching patrons savor our culinary creations is incredibly fulfilling, and it’s rewarding to play a key role in elevating their dining experience. The ever-evolving nature of the hospitality industry keeps my passion for cooking alive!”

 In addition to his culinary experience, Rakesh holds a Diploma in Hotel Management and Catering Technology (DHMCT) from VPHMCT, Kolhapur, which he completed in 2007. His formal training in hospitality and dedication to his craft have established him as a versatile and skilled chef.

 Hotel Manager Khizer Khan expressed his enthusiasm for Rakesh’s addition to the culinary team, saying, “Rakesh’s expertise and passion for culinary arts align perfectly with our commitment to providing an exceptional dining experience for our guests. His creativity and leadership in the kitchen are invaluable assets, and we look forward to seeing his influence on our menus and dining experiences.”

 Outside of work, Rakesh enjoys exploring various cuisines as a true foodie, along with his hobbies of listening to music, reading mythological books, and traveling.

 With this appointment, DoubleTree by Hilton Pune-Chinchwad reinforces its commitment to culinary excellence and innovation, promising memorable dining experiences under Rakesh’s leadership.

Howden India Honored with Insurance Broker of the Year Award at ASSOCHAM 2024 Global Insurance Summit

Mumbai, 13th December 2024: Howden India has been awarded “Insurance Broker of the Year” at the ASSOCHAM 16th Global Insurance Summit & Awards 2024, held in Mumbai on December 12th, 2024. The award highlights Howden’s commitment to excellence, innovation, and customer-centric solutions.

With the theme, “India’s Insurance Vision: Challenges and Way Forward,” ASSOCHAM’s 16th Global Insurance Summit & Awards brought together industry leaders, policymakers, and innovators to discuss the future of the insurance sector in India. By highlighting critical areas such as customer-centric digital transformation, sustainable growth, and emerging risks and accessibility for wider insurance penetration the summit shed light on the journey towards achieving the IRDAI’s ambitious goal of “Insurance for All” by 2047.

Mr. Amit Agarwal, CEO of Howden Insurance, expressed his gratitude while receiving the award and reasserted the Howden’s vision to keep contributing to the sector and mentioned “We are deeply honoured to win the Insurance Broker of the Year award at such a prestigious platform. With over two decades of presence in India, this acknowledgment reaffirms our commitment to delivering innovative and specialized solutions that address the evolving needs of our clients. This achievement would not be possible without the trust of our clients, the relentless dedication of our people, and the unwavering support of our valued stakeholders. We are truly humbled and delighted by this recognition, which serves as both a moment of pride and a reminder of the responsibility we carry. We remain committed to continually raising the bar and making meaningful contributions to the growth of the Indian insurance landscape.”

As the Indian Insurance industry is undergoing rapid transformation, Howden will strive to continue to work cohesively with the public and private entities in the insurance sector to offer accessible and user-friendly environment for all the stakeholders.

Les Roches and CHTA Education Foundation Launch 2025 Caribbean Hospitality Professional Development Program

India, December 13th, 2024 – Caribbean hospitality employees are invited to apply for admission to the 2025 Caribbean Hospitality Professional Development Program sponsored by Les Roches Global Hospitality Education, one of the world’s leading hospitality business management schools, and the CHTA Education Foundation (EF).

This transformative program has become a cornerstone for professional growth in the region’s thriving tourism sector, equipping supervisors and managers with the tools to accelerate their journey toward senior leadership roles.

“Les Roches is once again honored to partner with CHTAEF for the fourth consecutive year on this impactful initiative,” said Carlos Díez de la Lastra, CEO of Les Roches Global Hospitality Education. “With over 100 participants from 15 Caribbean islands, the program has already fostered a community of skilled professionals driving the region’s tourism excellence. Together with CHTA EF, we aim to continue empowering Caribbean talent and supporting a sustainable, resilient future for the region’s hospitality industry.”

The six-month program is designed to be pursued alongside participants’ current roles, requiring a commitment of 12–15 hours per week. It combines virtual and experiential learning in areas such as hospitality operations, revenue management, marketing, sustainability, and leadership. Graduates emerge with advanced skills tailored to meet the evolving demands of today’s global tourism market.

“As Chairperson, I am profoundly proud of the significant impact our Professional Development Program has had on shaping the careers of Caribbean hospitality professionals. This initiative not only highlights the talent within our region but also underscores our commitment to nurturing that talent into leadership. By collaborating with Les Roches, we ensure our participants are equipped with world-class education and skills necessary for the ever-evolving demands of the global hospitality industry,” said Karolin Troubetzkoy, Chairperson of CHTA Education Foundation.

Scholarships Supporting Access to Excellence
The program offers financial assistance in the form of scholarships, ensuring accessibility to talented individuals across the Caribbean. Since its inception, the program has provided life-changing opportunities for participants like Tamar Severin, who is currently completing her Executive Master’s in International Hotel Management at Les Roches.

“Les Roches University has given me the opportunity of a lifetime – an experience I never thought possible. In my wildest dreams, I could have never imagined pursuing a master’s degree, especially, coming from a background without a bachelor’s degree (despite my 24 years of hospitality experience). This journey has been nothing short of a transformation as Les Roches not only opened its doors for me, but also provided the tools and guidance I needed to thrive academically and professionally. The rigorous curriculum and industry-focused approach have challenged me in the best way, enabling me to step out of my comfort zone and embrace new concepts, skills, and perspectives. As the student in the master’s program, I have gained a deeper understanding of hospitality, industry, developed innovative thinking and acquired advanced management skills that I know will shape my career,” said Tamar Severin.