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TiE Young Entrepreneurs (TYE) A TiE Global Education Initiative to Empower Next Generation Entrepreneurs & Leaders August 2012 Program Overview, Differentiators.

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Presentation on theme: "TiE Young Entrepreneurs (TYE) A TiE Global Education Initiative to Empower Next Generation Entrepreneurs & Leaders August 2012 Program Overview, Differentiators."— Presentation transcript:

1 TiE Young Entrepreneurs (TYE) A TiE Global Education Initiative to Empower Next Generation Entrepreneurs & Leaders August 2012 Program Overview, Differentiators & Road Ahead

2 To offer a comprehensive and well-structured curriculum to educate and groom high school students within a business environment to emerge as entrepreneurs and future leaders in a dynamic global environment To offer a comprehensive and well-structured curriculum to educate and groom high school students within a business environment to emerge as entrepreneurs and future leaders in a dynamic global environment Mission Equip students with entrepreneurial skills Nurture their ambitions and incubate their ideas Develop soft skills to lead, influence, work better in teams Access to successful entrepreneurs, business leaders, investors and startup service providers Equip students with entrepreneurial skills Nurture their ambitions and incubate their ideas Develop soft skills to lead, influence, work better in teams Access to successful entrepreneurs, business leaders, investors and startup service providers Core Objectives Creating a global community of youth empowered to be entrepreneurial Vision

3 TYE – Few key differentiators

4 TYE Leverages Its Global Ecosystem to engage Local and Global stakeholders offering value to its Communities, Evangelists & Supporters Worldwide TiE Global Ecosystem & TYE Instructors & Speakers – Entrepreneurs, Business Leaders Professionals & Practitioners Mentors – Entrepreneurs, Practitioners & Business Leaders Investors Startup Service Providers Chapter Evangelists Alumni Club Judges Mix of investors, academia, entrepreneurs & business leaders

5 TiE Young Entrepreneurs 9 high school teams from diverse parts of the world, came together on April in the USA and what happened was magical! Dreams Passion Ideas Collaboration Mentorin g Entrepreneurs hip Business Plans Venture Funding

6 TYE – Major milestones so far

7 TiE Global Initiative to empower young entrepreneurs… Global initiative across Boston, Carolinas, Delhi, London, San Diego, Rajasthan, Ahmedabad, Kolkata, Hubli, Atlanta, Austin, Melbourne, Vancouver and Washington DC The program is dedicated to young aspiring entrepreneurs to sow the seeds of entrepreneurship that germinates at a later stage when they are ready to take off. Instills creativity, confidence and skill Curriculum spans course modules culminating with the Global Business Plan Competition during April- May TYE Fostering Entrepreneurship Through The Guru – Shishya Tradition

8 TYE Global Program Keeps Evolving 1. Atlanta 2. Austin 3. Ahmedabad 4. Boston 5. Carolina 6. Cleveland 7. Chennai 8. Delhi 9. Hubli 10. Jaipur 11. Kolkata 12. London 13. Melbourne 14. San Diego 15. Seattle 16. Vancouver 17. Washington DC & counting 1. Atlanta 2. Austin 3. Ahmedabad 4. Boston 5. Carolina 6. Cleveland 7. Chennai 8. Delhi 9. Hubli 10. Jaipur 11. Kolkata 12. London 13. Melbourne 14. San Diego 15. Seattle 16. Vancouver 17. Washington DC & counting

9 Where is TYE headed? Harvest and cultivate TYE Alum network of future aspiring entrepreneurs Develop a robust resource base of volunteers within TiE membership, who are entrepreneurs and business executives, who would be willing to offer guidance and support to TYE alums if needed Facilitate connections within the TYE alum and TiE Global network Facilitate funding opportunities and incubate ideas of TYE alums Raise funds to support and sustain the growth and scale of TYE Global Program Expand the pool of startup service providers to support TYE participants Roll out TYE Global Program in all global TiE chapters in the next 3-5 years through an organic growth strategy

10 TYE Program Overview * *TYE Year of inception: 2005 Now there is tracking of past participants and the Alumni Club offers tremendous post program connectivity & sharing Recruitment Students (35-40 students) Speakers Instructors Mentors Phase 1: Classroom Instruction (3-months) Instruction - Key Concepts of a Business Plan Inspirational Speeches Interactive Discussions Workshops Phase 2: Business Plan Development (3-months) 1-1 Mentoring Business Plan Development Phase 3: Business Plan Competition Mock Presentation designed to receive critique and advice from a panel of judges Final Business Plan competition at the chapter level Chapter winning team will compete at the TYE Global Business Plan Competition for a $25K winning prize Judging panel of VC/ Angel/ Entrepreneurs/lawyers/executives from accounting firms

11 TYE Curriculum Overview What is Entrepreneurship? What does an Entrepreneur do? How does an Entrepreneur earn wealth? Pros and Cons of being an Entrepreneur Opportunity Recognition Cost/ Benefit Analysis Opportunity Cost SWOT Analysis Marketing What is Marketing & What is its Purpose? Benefits of Marketing? Market Research: the five Ws Competitive Strategies Advertising & publicity Break Even Analysis

12 TYE Curriculum Overview Finance Identify Sources and Types of Funding Various Financial terms like Unit of Sale/ Fixed Cost/ Gross Profit etc. Various Financial Formulas like breakeven analysis, ROI etc. Introduction to Balance Sheets, Income Statement, Cash Flows etc. Introduction to Stocks, Bonds Credit (Personal & Business), Debt, Venture Capital Taxation and Ethical Business Behavior Business Law What are the key legal contracts & agreements? Understand the different types of Corporations Intellectual Property Protection Various Business Models. Presentation & Team Building Skills Team work and team building Project Management Leadership and Listening Skills Presentation Skills

13 Here is what people say about TYE TYE helped us make new friends, learn, stretch our imagination, be inspired by entrepreneurs and teachers. It was truly an eye opening experience and I had lots of FUN Ajay Bharadwaj, TYE Alum 2008 Thank you for having me as a mentor. It is truly an exciting and rewarding experience for me to mentor highly motivated, dedicated and bright kids Murali Menon, CTO, Guevara We saw better business plans presented today that what we see everyday. It was truly exciting to be a judge Mike Gaiss, Sr. VP of Marketing, Highland Capital Partners The experience, exposure to successful people and the learning is simply extraordinary Indra Sood, Parent

14 Testimonials I feel this (TYE program) is a real life lesson, which helps broaden the outlook significantly and I would recommend it to kids and their parents to consider seriously. It really enhances their outlook and strengthens the foundation. From learning simple things like to research the Internet, take initiative, carry a reluctant team member forward, share rewards, and look at competition, they were exposed to complex issues like do home to home or phone surveys for their projects, sharpened computer skills on PowerPoint, word or Excel and understand what it takes to build an organisation, merits and demerits of how organisations operate. Ankul Lal (Father) Payal Lal TYE 2010 and Anmol Lal TYE 2011

15 TYE NEW DELHI Students work in teams and brainstorm to generate business ideas Mentors (Gurus) will be assigned to students who will guide them to build a successful/ viable B-Plan Students finally present their business plan to a panel of judges consisting of established Venture Capitalists & Entrepreneurs Winning team is announced in April and will participate in the Global competition – with student teams from other TiE Chapters TYE Global Prize is then awarded to the wining team Winners of the Delhi B-Plan competition have been awarded laptops by HCL, gift hamper by Nokia and a scholarship to an entrepreneurship program by IWSB

16 Join the TYE Community People from all walks of life embrace TYE to make things happen and transform our youth

17 TYEs bigger cause is Social Development TYE Global program is committed to create and nurture future generation of entrepreneurs and leaders and make positive contribution to building a strong network of youth across TiE to serve communities and ecosystems worldwide. Become a Stakeholder as mentor, instructor, student participant, investor, service provider, sponsor, partner and evangelist to take TYE to the next level.


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