|By Business Wire||
|May 14, 2014 09:08 AM EDT||
TiE SV, the Silicon Valley Chapter of The Indus Entrepreneurs, will announce finalists and winners of TiE 50, its annual awards program, at TiEcon 2014 on Friday, May 16th. The TiE50 awards program recognizes the 50 hottest tech startups from around the world.
Returning for the sixth year in a row, this year’s TiE50 is open to technology companies worldwide that fall under the following five categories: Software, Mobile, Internet of Things, Clean Tech, Life Sciences.
“In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition,” said Venktesh Shukla, president of TiE, Silicon Valley. “It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley’s most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization. ”
To determine the winner, a panel of experts will screen the companies and create a list of the “2014 TiE50 Top Startups.” This list will then be reviewed further by a screening committee of deep domain experts. About 100 of the best of the breed companies are selected to the elite TiE50 Finalist pool. Finally, this pool of TiE50 Finalists are judged by a panel made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies will be evaluated on three parameters: Business Model, IP Value and Leadership team.
At TiEcon 2014, 20 of the top startups from each of the five segments will be chosen to pitch their ideas, and winners will be announced on stage that evening.
This year at the event, attendees and TiE50 participants will also have the chance to hear from three previous TiE50 winners who have made successful exits recently: FireEye, Pearl Therapeutics and Rubicon Project.
“This year the TiE50 Awards Program screened more than 2800 companies from 27 countries. The finalist pool is represented by early through late-stage companies. A star attraction of the conference is the TiE50 Finalist presentations. Audiences are treated to great ideas and amazing technologies,” said Ram K. Reddy, the program chair.
The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting billions in investments. Many of these companies have been acquired, merged or gone public.
For further details on the TiE50, visit www.tie50.org.
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world – including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.