TiE Women raised $70,000 in just two days to support female entrepreneurs

TiE Global, one of the world’s largest not-for-profit organization, announced the launch of TiE Women to promote women entrepreneurs across its 61 chapters globally. The initiative kick-started with a fundraise of $70,000 contributed by TiE Charter Members during the two-day event.

Launching the initiative, Nitin Rai, Chairperson, TiE Global noted, ”I’m excited to see the launch of TiE Women. Women represent the greatest opportunity for our ecosystem to make a huge impact, globally. 50-50 gender parity will be the norm in the TiE Global ecosystem and not the exception.”

The vision and goal of TiE Women is to “Embrace.Engage.Empower” women entrepreneurs across the globe – irrespective of the size, origin, interests, standing, and background, of the enterprise. This will be done through sustainable and easy-to-adopt programming that will track the entire entrepreneurial journey with measurable metrics.

Hemalatha Annamalai, Founder, Ampere Vehicles Ltd., and President TiE Coimbatore, will be the Chair for TiE Women. Highlighting the need for the program, she said, “We need to empower women by providing them a safe space. This will allow them to develop skills and knowledge while mentoring them to systematically change the trajectories of their businesses leading to job creation.”

She also informed that the program will culminate in an annual mega event where these women will showcase their successes and get access to funds, scholarships, accelerators, and more!

Commenting at the launch, Dharti Desai, Vice President, TiE New York, and Vice-Chair TiE Women stated, “We are leveraging our global footprints and building upon the rich ethos of TiE. The foundation of its values and beliefs are well understood globally and the visible outcomes are constantly evolving. We would now like to encourage more women to participate in this process with measurable metrics and due governance.”

TiE Women’s program approach will build upon best practices from local chapters’ women-centric initiatives. This will specifically result in capacity building; increased networking, knowledge-sharing and visibility; and a ‘safe space’ for women entrepreneurs to learn without inhibitions and judgment. This will also maximize the potential of women business leaders to receive funding to grow their enterprises.

Through TiE Women, the focus will be to bring more women to take up entrepreneurship. The program will mentor women entrepreneurs about funding, scaling the business, etc. Apart from the leadership, the program is also supported by Charter Members from multiple chapters.
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