Business
TiE Mumbai Partners with eBay Foundation and GriffinWorx to bring StartUp Cup to India for the first time
– Aims to move beyond outdated business plan competitions and is a locally driven business model competition open to any business idea
– Winners to get prizes worth USD 17,500
– Panel of judges to include investors, technology gurus, successful entrepreneurs, and business experts among others
April 2017: The Mumbai chapter of TiE (TiE Mumbai) has partnered with eBay Foundation and GriffinWorx the organization powering the eBay StartUp Cup Challenge being held in Mumbai, Berlin, Washington DC and Brooklyn. The StartUp Cup acceleration program has run over 208 times across 72 countries since 2012 and will be held for the first time in India under the aegis of TiE Mumbai, eBay Foundation and GriffinWorx. It is a 7-month long program involving hands on mentoring to be provided by the global network of TiE and the TiE Mumbai Charter Members to the participating start-ups. The startups will be individually matched with mentors based on their requirements or in what they are lacking to build a sustainable business. The winners of the program will be awarded a cash prize of USD 10,000 while those in the second and third place will be awarded a cash prize of USD 5,000 and USD 2,500 respectively.
The eBay.StartUpCup.com is open to anyone, from any background and any education level. While TiE Mumbai aims to target a majority of the start-ups within the city of Mumbai, it is particularly keen to ensure the participation of the largely underserved population to enter and submit their Big Idea into the eBay StartUp Cup. Applications for the program are open at ebay.startupcup.com and will be accepted offline by reaching out to TiE Mumbai at the contact details mentioned below. The last date for making applications is 8th May 2017.
The eBay StartUp Cup aims to move beyond outdated business plan competitions and is a locally driven business model competition open to any business idea. Through eBay StartUp Cup, business builders are expected to learn how to create a viable business model and pitch their idea through aseven-month judging, coaching and mentoring process. Business leaders and community members are provided the tools to drive this competition and create a culture of start-ups within their local community.
The actual event will kick off with the Extreme Build-A-Business Weekend (EBABW) to be held on 27thand 28th May 2017 at 91Springboard Andheri (East). The EBABW will select the Top 25 businesses from the businesses invited to participate and will the continue to compete in the acceleration program.
The second round of pitching will be held on 28th and 29th June 2017 to a panel of judges which will include investors, technology gurus, successful startup entrepreneurs, and business experts among others. The judges will select the Top 12 from among the 25 who will then enter the Top 7 finals of the StartUp cup. The finals will be held on 22nd September 2017 to select 1st, 2nd and 3rd place winning busineses in Mumbai, who will be announced in an award ceremony on the 29th of September 2017.
Announcing the program launch, Anand Desai, President TiE Mumbai and Founder of DSK Legal said “the end idea is to create sustainable businesses which will result in job creation.”There is a need to mentor entrepreneurs in the right direction to ensure that good businesses come out of the start-up ecosystem. “The StartUp Cup is an excellent opportunity for start-ups to go through the grind and prove their capabilities across various paramters” said Naveen Raju, Executive Director TiE Mumbai commenting on the program.
Participants can either fill up online OR visit TiE Mumbai office to fill up the form
Office Timings – 11am to 5pm Weekdays only.
Venue: 91Springboard Andheri East, B wing, 7th floor, Ackruti Trade Centre, MIDC, Andheri East, Mumbai, and Maharashtra 400093.
About TiE Mumbai
Founded in 1992 in Silicon Valley, the global network of TiE (The Indus Entrepreneurs) has over 13,000 members across 18 countries. The network is driven by a mission of fostering entrepreneurship through mentoring, incubation and funding promising start-ups.
TiE – Mumbai is one of the most vibrant and fastest growing entrepreneurial ecosystems in the TiE Network, the world’s largest non-profit global network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. With a fast-growing Membership, TiE- Mumbai offers a reach resource pool to an Entrepreneur.
About eBay Foundation
eBay Foundation is driving a more equitable and sustainable form of commerce that connects and empowers people, that includes and enables, that makes the world greener, and those in need better off. Through our philanthropy, eBay Foundation seeks to amplify the positive global impact we have everyday through our platforms. We believe that by enabling entrepreneurship in all parts of the world, we can encourage innovation and inclusive growth in communities everywhere. Since our establishment in 1998, we’ve donated more than $40 million to nonprofit organizations in the U.S. and globally.
About GriffinWorx
GriffinWorx is an inclusive economic and gender empowerment non-profit organization that helps our partners achieve meaningful and enduring impact around the world. We bring the entrepreneurial spirit, courage and innovation of a world-class firm to address some of the world’s toughest challenges. Our team of change agents is focused on creating value for our partners and measureable social impact through our work.
