PRESS
Press Release
Boston’s Venture Capital Firms and TiE Boston Angels network Announce a Joint Event to Support Startups in AI
TiE Boston Angels, Glasswing Ventures, Innospark Ventures, and Tola Capital collaborate to fund and scale startups focused on AI.
BOSTON (January 8, 2025) - TiE Boston Angels and VC firms Glasswing Ventures, Innospark Ventures, and Tola Capital are organizing a unique joint event, the AI VC Forum, on March 25, 2025, to assist AI startups with potential funding and strategic & operational guidance. This event also aligns with the State of Massachusetts’ focus on prioritizing AI ecosystem development and making the Boston area an epicenter for AI innovation and TiE Boston’s vision to be a leader in Boston’s entrepreneurial ecosystem.
TIE Boston Angels is a network of 100+ serial entrepreneurs and business executives and is the local chapter of the global TIE Angels community. The community offers angel funding and operating guidance to entrepreneurs seeking to address US market needs. Glasswing Ventures, Innospark Ventures, and Tola Capital are three leading Boston area venture capital firms focused on AI with a combined AUM of over $1B and an investment portfolio of 150+ companies.
These organizations are coming together for a unique event that will bring unprecedented opportunities for AI entrepreneurs and startups. By applying to present at this event, startups will not only have access to four potential investment partners but will also have the added benefit of leveraging TIE Angels' unparalleled network for strategic and operational guidance.
Pre-seed, Seed, and Series A software companies leveraging AI and with valuations under $20M are encouraged to apply to participate in this event by registering through the TiE Boston Angels website. The last date to register for consideration is March 13, 2025. It's best to apply early!
The participating VCs and TiE Boston Angels Leadership Team will select companies to present to VC partners and TiE Boston Angels members for due diligence and funding consideration.
“At Glasswing Ventures we are proud to be at the forefront as a first capital-in investor in startups driving innovation in AI and frontier technology across enterprise and cybersecurity markets. Our partnership with TiE Boston Angels, Innospark Ventures, and Tola Capital underscores our commitment to empowering visionary entrepreneurs and advancing disruptive, AI-native applications. This event reflects our dedication to fostering a thriving AI ecosystem in Boston, the Commonwealth, and the broader New England region, providing ongoing support to fuel the growth of local innovators and their groundbreaking ideas,” said Rick Grinnell, Founder and Managing Partner at Glasswing Ventures.
“Innospark is thrilled to jointly organize and participate in the TiE AI VC Forum. This initiative aligns closely with Innospark Ventures’ core mission as an early-stage AI-focused fund committed to strengthening AI innovation and leadership in the Boston area. TiE Boston, along with the broader TiE Global network, is uniquely positioned to catalyze AI innovation, and we are proud to partner with them on this effort to foster the growth of the next generation of impactful AI companies," said Venkat Srinivasan, Managing Director of Innospark Ventures.
“As enterprises adopt multimodal and agentic AI applications, the way we work is changing. We know that great startups in Boston are building new companies that will impact the way we work in the future. Tola Capital is looking forward to collaborating with early-stage AI software startups at the TiE AI VC Forum with TiE Boston Angels, Glasswing Ventures, and Innospark Ventures,” said Aaron Fleishman, Partner at Tola Capital.
“TiE is one of the largest non-profit organizations in the world focused on helping entrepreneurs. We seek to leverage our relationships with VCs, our TiE network of serial entrepreneurs and seasoned executives, and our successful programs to support entrepreneurs and startup companies. My co-program lead, Rahul Chandra, and I are very excited about this opportunity to invest and work with leading AI companies in the Boston area”, said Alok Prasad, TiE Boston Angels Chairman and member of the TiE Boston Board of Directors.
“This event is part of a series of initiatives TiE Boston is launching to be a leader in Boston’s vibrant entrepreneurial ecosystem,” said Purnanand Sarma, President of Tie Boston. “This effort follows a recent announcement we made upon the signature of a US-India Life Sciences initiative with the University of Massachusetts, Boston, and the Center for Cellular and Molecular Platforms (CCAMP), Bengaluru, India. We are thrilled to be working with leading VCs in Boston, an area of high relevance for the present and the future.”
About Glasswing VenturesGlasswing Ventures is a first-capital-in venture capital firm dedicated to investing in startups applying AI and frontier technology to enterprise and cybersecurity markets. The firm was founded by visionary partners with decades of experience in these markets, a disciplined investment approach, and a strong track record of industry-leading returns. Glasswing leverages its deep domain expertise and world-leading advisory councils to invest in exceptional founders who transform markets and revolutionize industries. Visit Glasswing Ventures for more information.
About Innospark Ventures
Innospark Ventures is a new breed of early-stage venture capital firm. Exclusively focused on AI, employing a builder's mindset, we are curious, rigorous and thoughtful partners, investing our own capital. We serve as thought partners to technical founders and teams, understanding your approach, your data, your pipeline, and your algorithmic ambitions. We support founders with the perspective of proven operators and builders, betting on people and long-term value. Founders join an accessible community of experts, advisors, strategics, executives, and other investors, who provide support, guidance, and mentorship as partners who have walked your path several times. https://innospark.vc/
About Tola Capital
Tola Capital is a venture capital firm that believes in the power of software, data, and AI to transform the way the world works. Founded in 2010 by experienced software operators at the forefront of cloud computing’s rise, the firm backs entrepreneurs who have enterprise technology experience and are building disruptive, industry transforming solutions with diverse teams. Tola Capital has raised three funds totaling $670M, has successfully exited numerous startups, and continues to evolve as it supports founders into the era of AI. Visit www.tolacapital.com for more information.
About TiE Boston and TiE Angels:
Founded in 1997, TiE Boston connects tomorrow’s founders with today’s entrepreneurs, executives and venture capitalists, in its mission to foster entrepreneurship. Operating for 27 years now, TiE Boston’s unparalleled network of successful, serial entrepreneurs are deeply engaged and committed to giving back to the community by providing mentorship, tactical advice, and expertise to rising entrepreneurs through signature programs such as TiE Angels. TiE Angels is a group of accredited investors who provide funding and support for early-stage companies. Beyond funding, we leverage the TiE global network to help companies succeed. More information about TiE Angels can be found at https://www.tieboston.org/angels
Press Release
India-US Life Sciences Corridor: Collaboration between C-CAMP, TiE Boston, and UMass Venture Development Center
BANGALORE (December 11, 2024) - The Centre for Cellular and Molecular Platforms, C-CAMP, India’s premier science and technology hub in the biosciences and one the largest bio-incubators in India, has entered into a partnership with the University of Massachusetts Venture Development Center and TiE Boston to promote innovation and entrepreneurship in the Healthcare, Life Sciences, and Biotechnology domains through an Indo-US Corridor. The Corridor is envisioned to catalyze the growth of life sciences ventures in both ecosystems. The Letter of Intent was signed at the TiE Global Summit held in Bangalore on Dec 10, 2024, by Dr Taslimarif Saiyed, C-CAMP Director-CEO, Dr. Shubhro Sen, Executive Director, Venture Development Center and Assistant Vice Provost for Strategic Initiatives at University of Massachusetts, Boston and Dr. Purnanand Sarma, President, TiE Boston.
Flagging off the signing, Dr Saiyed said, “This marks the coming together of C-CAMP as one of the richest startup ecosystems in India, with Boston, the sixth largest startup ecosystem as per the 2024 Global Startup Ecosystem Report through this LoI with UMass and TiE Boston. We are tremendously excited about the possibilities of this LoI to foster collaborations in research, innovation and entrepreneurship development to create societal impact. Boston is also home to one of the strongest regional economies in the US. We are aiming to leverage that by opening the doors to Angel and Venture Capital investments for Indian startups. This will contribute to India’s booming bioeconomy in alignment with Govt of India priorities.”
TiE is one of the largest not-for-profit in the world focused on helping entrepreneurs and startups. Dr. Sarma said, “Our India-US initiative is focused on leveraging our strong network of TiE Charter Members, Angel Investors and Venture Capitalists together with partners such as C-CAMP and UMass VDC, to identify, support and provide access to funding to startups with an intent to grow them into global companies. We are very excited to be working with C-CAMP and UMass Boston to enable the growth of this sector in India and the US.”
.Dr. Sen. from UMass Boston said, “We are energized by this unique bi-directional collaboration to select and support high impact C- CAMP startups with global potential with H1B visas, co-working, access to funding and specialized equipment in Boston, the leading life sciences ecosystem in the world. We also envision Boston and US-based entities with cutting-edge science and solutions using this exciting avenue to develop strategic partnerships and science collaborations, conduct clinical trials, and create win-win solutions for the Indian and Asian markets”.
The India-US Life Sciences & Healthcare Venture Growth Corridor will facilitate linkages between the two ecosystems anchored by C-CAMP and UMass to
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advance the vibrant scientific research the two are reputed for,
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enable co-development of innovation-led products and technologies towards commercialization,
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leverage each other’s entrepreneurial ecosystem to nurture and accelerate ideation, startup creation, and growth of early-stage start-ups.
The infrastructural ties arrived at are co-incubation and soft-landing for start-ups and SMEs in each other’s ecosystems, access to mutual technology capabilities and scientific expertise, and investments in associated startups, especially in biopharma and biotech, facilitated by TiE Boston.
The LoI is expected to advance into a full-fledged Memorandum of Understanding once the anchor programmes under the tie-up are established.
About C-CAMP: C-CAMP is India’s premier innovation and technology hub and one of the largest life science incubators in the country. An initiative of the Department of Biotechnology, Ministry of Science and Technology, Govt. of India, C-CAMP’s mandate is to enable cutting-edge life science research and innovation and promote life science entrepreneurship. As a part of C-CAMP's mandate of promoting entrepreneurship and innovation, C-CAMP has created and fostered an entrepreneur-friendly culture in and around the Academic/Research environment through its involvement in Seed Funding Schemes for Startups, Entrepreneur Mentorship programs, and Bio-Incubation facility. To date, C-CAMP has nurtured close to 500 life sciences innovators and startups to help accelerate their journey to the market.
For more information about C-CAMP please visit https://ccamp.res.in
About UMass Venture Development Center:
Since its founding in 2009, the Venture Development Center (VDC) at UMass Boston has provided essential support to launch and grow innovative technology and life science companies. The VDC offers its members a broad range of support to accelerate their companies’ access to business advisory services, scientific and technological expertise, state-of-the-art instrumentation, cutting-edge laboratories, well-equipped office space, and additional resources. One of its key offerings since 2015 is the Global Entrepreneur in Residence [GEIR] program. The VDC is the pioneer and market leader of this vanguard program that provides visa support for talented foreign-born entrepreneurs with disruptive and scalable ideas to grow their ventures in Massachusetts. It has helped launch 116 GEIR companies in MA, creating over 1750 full-time jobs and raising $ 1.6 billion in capital. For more information about UMass Venture Development Center, please visit
About TiE Boston:
Founded in 1997, TiE Boston connects tomorrow’s founders with today’s entrepreneurs, executives, and venture capitalists. Operating for over 25+ years, TiE Boston’s unparalleled network of successful, serial entrepreneurs who are deeply engaged and committed to giving back to the community by providing mentorship, tactical advice, and expertise to rising entrepreneurs through several signature programs. TiE Boston is the second TiE Chapter to be formed and is one of the largest TiE Chapters within the TiE global network. TiE is the world’s largest not-for-profit network, helping entrepreneurs and startups grow. This ecosystem was established over 30 years ago and has rapidly expanded to 16,000 members across multiple countries, contributing to $250 billion in wealth creation. TiE Chapters worldwide have become a vibrant platform for entrepreneurs, professionals, industry leaders, and investors to interact with one another & forge long-lasting relationships. TiE Boston Angels is a program within TiE Boston where individual TiE Charter Members conduct their own due diligence, make investments, and support companies post-investment. For more information about TiE Boston, please visit https://www.tieboston.org/
Press Release
TiE Boston launches the TiE Young Entrepreneurs Alumni Circle
CAMBRIDGE, MA (November 15, 2024) - TiE Boston is thrilled to announce the launch of its TYE Alumni Circle, a vibrant network designed to bring together past participants of the TiE Young Entrepreneurs (TYE) program. This new alumni initiative of the TYE program that started in Boston 20 years ago, aims to foster lasting connections, provide mentorship opportunities, and support the continued growth of entrepreneurial talent.
The launch event kicked off with an engaging meet-and-greet, where over 30 TYE alumni reconnected with old peers and made new connections. Conversations flowed as attendees shared stories, ideas, and experiences from their entrepreneurial journeys. Members of the TYE Boston leadership team, including Gaurav Mallik, Dr. Anil Saigal, Megha Desai and Pragathi Maroju met and interacted and interact with the alumni, fostering a strong sense of community and collaboration.
“It was great to see so many young minds together networking and sharing their experiences with peers. It is clear, TYE forges entrepreneurial thinking and one of the reasons it remains one of my favorite programs within TiE Boston,” said Gaurav Mallik, Chair of the TYE’s Leadership team and TiE Boston Board Member
The evening progressed to a lively networking session at the CIC Venture Café, which drew a professional crowd of more than 300 people. TYE alumni had the unique opportunity to network with innovators, entrepreneurs, and thought leaders from various industries. From discussing emerging trends to exploring potential collaborations, the event was a perfect space for TYE alumni to immerse themselves in a vibrant entrepreneurial ecosystem.
“I am so proud to be one of the founding members of the TYE Boston Alumni Circle,” said Pragathi Maroju, who is on the leadership team of the TYE program and a TYE alumni herself. She continued, ”Entrepreneurial thinking is a mindset that is beneficial to career growth, regardless of the field students pursue in college and beyond.”
The TYE Alumni Circle launch marks the beginning of a new initiative for TiE Boston, as it strengthens connections among TYE alumni and provides them with resources and opportunities to advance their entrepreneurial goals. With events like these, the organization reaffirms its commitment to empowering the next generation of leaders and changemakers.
For more information about the TYE Alumni Circle and future events, visit www.tye-boston.org or contact Adam Carter, TYE Program Director, by email at adam@boston.tie.org
Press Release
TiE ScaleUp Launches Eleventh Cohort
BOSTON (October 17, 2024) - TiE Boston is thrilled to announce the lineup of twelve spectacular, local startups joining TiE ScaleUp’s eleventh cohort.
Each of these ventures has already developed notable customer or industry traction, raised capital or bootstrapped effectively, and expanded upon their brilliant core teams. On the cusp of rapid scaling, these founders and leaders are now ready to take full advantage of the world-class resources of the TiE ScaleUp accelerator: access to coaching from veteran mentors, an advanced scaling curriculum taught by industry experts, and a community of alumni, investors, and entrepreneurs through the esteemed TiE Boston and TiE Global community.
Each of these startups have already made substantial strides into the seed stage, garnering industry recognition, engaged customers or partners, and growing their core teams. These twelve teams have fundraised or bootstrapped effectively and, with rapid growth on the horizon, these founding teams are prepared to capitalize on the unparalleled resources offered by the TiE ScaleUp accelerator program. This includes expert mentorship, a specialized scaling curriculum, and a vibrant community of alumni, investors, and entrepreneurs within the prestigious TiE Boston and TiE Global networks.
"It’s a privilege to support these twelve remarkable teams. Each of these bold early-stage founders are fighting their way through a challenging market, and it is inspiring to see what they’ve been able to accomplish so far,” said TiE Boston President, Purnanad Sarma. “Resilient founders are capable of building companies under any circumstances. The TiE ScaleUp community—mentors, instructors, alumni, and allies—will do everything we can to support these bold entrepreneurs as they embark on their journey."
As a leading equity-free program, TiE ScaleUp has historically drawn on the generosity, curiosity, and entrepreneurial enthusiasm of TiE Boston Charter Members. Their contributions are vital in delivering the unique advantages of a later-stage accelerator to entrepreneurs and making a substantial impact on the Boston startup landscape. This year, we are excited to engage with many of our new members as mentors and subject matter experts – their involvement enables us to offer the unique value of a later-stage accelerator to entrepreneurs and create a meaningful impact on the Boston startup ecosystem.
TiE ScaleUp is grateful for the continued generous support of Arent Fox Schiff, HSBC Innovation Banking and Spinnaker Sales Group. We are excited to welcome Tracxn as a premiere perk provider to the program, equipping all twelve teams with exclusive industry and fundraising data. TiE Boston's community of mentors and TiE ScaleUp alumni have ensured that the ScaleUp network continues to remain strong and vibrant. Cohort 11 is LIVE, having launched on October 16, 2024; please join us in welcoming these twelve startups to the TiE ScaleUp and TiE Boston communities.
It is our distinct pleasure to introduce the Cohort 11 startups:
AcousticaBio is an advanced manufacturing company solving the greatest challenge in drug delivery of novel therapeutics. The AcousticaBio team is reformulating new and existing intravenously-delivered biologic products (long, hospital-based injections) into highly concentrated subcutaneous injections (quick, self-administered).
Empallo is delivering the world's best cardiologist, accessible from the phone in every patient's and provider's pocket.
Envoya is an AI powered gene therapy delivery company using non-lipid polymer-based nano-technology
GPx (General Prognostics) is revolutionizing remote chronic disease management with the world's first bloodless blood tests. GPx is transforming the standard of care of cardiorenal diseases and enabling patients to better understand their condition, much like the continuous glucose monitor has transformed diabetes care.
goimagine is an ecommerce platform for shopping local, handmade, and with purpose. Customers support local makers and artists while helping children in need on the marketplace that cares.
Grain Ecosystem makes it profitable for suppliers to reduce their emissions by leveraging their digital workflow platform to build decarbonization projects. Grain helps suppliers navigate incentive eligibility and carbon accounting calculations, ensure a positive business case, and match with the right partners.
HighTime Foods is a food-tech startup that delivers delicious and shelf-stable plant-based meat for every chef, every cuisine, in every corner of the world.
QualiVerse is a vertical SaaS, AI-native platform that accelerates and de-risks medical device clearance/approvals through the U.S. FDA.
RevivBio uses generative AI and ultrahigh throughput experimentation to design better proteins with greater efficacy and success. RevivBio’s B2B business partners with leading corporate partners across industries to collaboratively develop and commercialize bio-products and solutions for large markets.
SpadXTech is a materials platform technology leveraging cellulose-producing bacteria to craft high-performance, eco-friendly materials. SpadXTech’s initial products are applicable in multiple industries including textiles, automotive, construction, and packaging.
SynsoryBio is creating next-generation protein therapeutics that sense where they are in the body and only activate at diseased tissue. The SynsoryBio platform has the potential to expand the therapeutic window of highly potent drugs and apply to many diseases, including cancers and autoimmune disorders.
YourScore.AI scores homes based on your unique needs and wants, beyond basic criteria. Each home gets a personal score with instant reasoning provided for the score, helping you spot the right homes faster than ever.
Press Release
Seven Trailblazing Women Founders Shortlisted for TiE Boston Women Pitch Competition
First Place Winner to Represent Boston at the TiE Global Women Pitch Competition in Bangalore, India
BOSTON (August 22, 2024) - TiE Boston is proud to announce the seven exceptional women founders who have been selected to advance to the Boston Regional Finals of the 2024 TiE Global Women Pitch Competition. These founders will showcase their innovative ventures to a distinguished panel of judges from the New England startup ecosystem on August 29, 2024.
This year's applications reflected the vibrant diversity of the region’s entrepreneurial landscape, spanning sectors such as health tech, biotech, consumer products, and enterprise technology. The competition promises to be a testament to the strength and creativity of women entrepreneurs in New England. It is supported by the Subu Kota Foundation and the venue hosts this year are Ernst & Young, Boston.
Sunita Kanchinadam, Chair of TiE Boston Women and Board Member, said, "Narrowing down the shortlist from such a talented pool of applicants was no easy task. The quality of the submissions this year underscores the thriving nature of our ecosystem, filled with women founders who are developing game-changing solutions. I want to extend my gratitude to all the applicants and the screening committee for their dedication to advancing entrepreneurship for the common good."
Purnanand Sarma, President of TiE Boston, added, "Congratulations to the finalists! It’s inspiring to see TiE Boston as a hub for so many driven women founders. Our mission is to empower and support women entrepreneurs, and the Global Pitch Competition is a key initiative in realizing that mission. We invite all women founders to engage with our programs and join us in fostering a vibrant entrepreneurial community."
Congratulations to the seven shortlisted female founders:
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Ananya Zutshi, Co-Founder and CEO, Guardian Bio
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Christy Fernandez-Cull, Founder & CEO, Davinci Wearables
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Irena King, Founder & CEO, Surgicure Technologies, Inc
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Rachel Zayas, Founder & CEO, AGED Diagnostics
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Rashmi Agrawal, CTO, CipherSonic Labs
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Safia Rizvi, CEO, CILA Therapeutics
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Sarah Ostadabbas, Founder & CEO, AiWover
The First Place Winner will represent TiE Boston at the TiE Women Global Pitch Competition at the TiE Global Summit to be held in Bangalore, India in December 2024.
TiE Boston remains committed to helping female entrepreneurs by increasing visibility, providing mentorship, and creating pathways to access funding for their ventures.
Press Release
TiE Boston Celebrates Milestone with ConnectM's Nasdaq Listing
BOSTON (August 22, 2024) — ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) began a new chapter by going public on Nasdaq in July 2024. This announcement has generated significant excitement within the TiE Boston Charter Membership and TiE Boston Angels community, which has invested substantially in and actively helped the company. TiE Boston Angels is a group of accredited investors dedicated to funding and supporting early-stage companies.
"We are thrilled to reach this significant milestone in our journey towards transforming the electrification economy. The support and strategic guidance from TiE Boston Angels and TiE Charter Members have been invaluable in our growth and success. Listing on Nasdaq is a testament to our commitment to innovation and our vision for a sustainable future," said Bhaskar Panigrahi, CEO of ConnectM Technology Solutions, Inc.
ConnectM's vision is to revolutionize the electrification economy through its advanced Energy Intelligence Network. This comprehensive technology platform monitors and manages electrified assets throughout their lifecycle, gathering anonymized performance data to enhance artificial intelligence models and continuously improve network performance. ConnectM's infrastructure empowers OEMs, third-party service providers, and consumers to effectively achieve decarbonization and net-zero goals.
“It takes a community to drive a company to success. Beyond financial investment, we believe that TiE’s network, support, and experience can profoundly impact a startup’s journey. We are thrilled to support the ConnectM team in achieving their entrepreneurial dreams,” said Purnanand Sarma, President of TiE Boston.
Press Release
TiE Boston Announces Incoming President Purnanand Sarma and Treasurer Joe Falcão
To Begin Their Tenure July 1, 2024
JULY 1, 2024 - TiE Boston, one of the region’s largest organizations supporting the Massachusetts entrepreneurial ecosystem, announced today that Dr. Purnanand Sarma, who has been elected the 14th President, will begin his two-year term on July 1, 2024. Dr. Sarma replaces current TiE Boston President Yash Shah, whose two-year term ended on June 30, 2024.
Dr. Purnanand Sarma stated, “As an entrepreneur, I am deeply honored to take on the role of President of TiE Boston. This organization has been pivotal in fostering innovation and entrepreneurship in the region. I look forward to building on the strong legacy left by my predecessors, enhancing our programs, and further supporting our vibrant community of entrepreneurs.”
TiE Boston’s Immediate Past President Yash Shah remarked, “Dr. Sarma is a visionary leader whose extensive experience and entrepreneurial spirit make him the perfect choice to lead TiE Boston. During my tenure, we have significantly increased the engagement of our charter members and elevated our membership to its highest number to date. I am confident that under Dr. Sarma’s leadership, TiE Boston will continue to thrive and support the next generation of innovators.”
Dr. Purnanand Sarma, is Consulting CEO at GelMEDIX Inc, and until most recently, served as the President, CEO, and Board Member of Immunome (IMNM:NASDAQ), which he successfully led through an IPO in 2020, a large pharma transaction with $2B+ potential in January 2023, and a merger bringing in a seasoned new CEO and a $125M concurrent investment in October 2023. Sarma has over 30 years of experience in all aspects of the pharmaceutical and biotechnology business across multiple therapeutic platforms, and in companies of various sizes ranging from start-ups to large cap pharmaceutical companies including start-ups in the Boston life science ecosystem.
TiE Boston also announced today that the incoming Treasurer, Joe Falcao, will begin his tenure on July 1st, 2024. Joe Falcao has over 25 years of experience as a financial executive, leading transactions, corporate turnarounds, scaling organizations, and spearheading financial and operational improvements for global, middle market, and start-up companies across various industries including consumer, healthcare, telecom, and chemicals. Joe has held expatriate roles in Brazil, Belgium, and Malaysia and has been an active TiE member, particularly with TiE Boston Angels and TiE ScaleUp.
Joe Falcao said, “I am thrilled to take on the role of Treasurer at TiE Boston. This organization has made a significant impact on the entrepreneurial landscape, and I am eager to contribute to its continued success and growth.”
Outgoing Treasurer Rakesh Kamdar, who continues as a Trustee on the TiE Global Board, said, “Serving as Treasurer for TiE Boston has been a rewarding experience. I am proud of what we have accomplished over the past two years, particularly in strengthening our financial foundation and supporting our members. I am confident that Joe Falcao will bring valuable insights and leadership to the role, ensuring our continued prosperity.”
TiE Boston, the second oldest and second largest TiE chapter, currently has more than 225 charter members from various disciplines, such as technology, finance, life sciences, real estate and service industries.
Press Release
TiE Boston Women Application Portal Closes on June 30, 2024
JUNE 28, 2024 - TiE Boston today announced that the last day to sign up for the Boston region’s finals for the 2024 TiE Women Global Pitch Competition is June 30,2024. It is an incredible opportunity for women founders to showcase their innovative business ideas on a global stage.
TiE Boston invites all women entrepreneurs with a passion for innovation and a drive to make a difference to apply to participate in this prestigious program. It is open to applicants in all stages of the entrepreneurial cycle, from the early stages of launching a startup or an established business looking to scale, this competition offers a platform to gain visibility, network with industry leaders & investors, and access mentorship.
The competition welcomes applications from women founders across all industries and sectors who meet the following eligibility criteria:
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Female-founded or co-founded startups ONLY. (The opportunity to pitch will only be provided to the female founder/co-founder).
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Female co-founder(s) must have minimum 33% equity in the company.
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Applying companies must have been in business for less than seven years at the time of application (Company registration must have been after Jan 1, 2017)
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Preference given to startups raising funds
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Idea Stage Startups do not qualify for screening
TiE Women reserves the right to take a decision regarding applications to further the cause of the TiE Women mission.
The 6 semi-finalists chosen in the Boston regional competition will receive access to mentors, and a free membership to all TiE Boston events for 1 year, in addition to cash prizes. The 1st Place Winner will represent Boston at the TiE Women Global Pitch Competition and compete for additional equity-free money and prizes.
To apply, please visit tieboston.org/women and follow the instructions provided.
Press Release
TiE Boston Announces Theme for TiECON East 2024: The Connected Entrepreneur – Boundless Innovation and Borderless Connection
JUNE 11, 2024 - TiE Boston announced the theme for TiECON East 2024: “The Connected Entrepreneur: Boundless Innovation and Borderless Connections.”
Scheduled for September 13, 2024, at the Boston Sheraton Hotel, this year’s conference will spotlight the influential role of connected entrepreneurs in today’s dynamic business landscape.
For the first time in the history of TiECON East, the conference will feature an alliance with the New York chapter of TiE.
Historically organized by TiE Boston, this joint effort signifies a major milestone, expanding the conference’s reach and influence. The involvement of the New York chapter brings a wealth of additional resources, expertise, and networking opportunities. This cooperation promises to enrich the conference experience by fostering a broader exchange of ideas, facilitating cross-regional partnerships, and providing attendees with diverse perspectives from two of the most dynamic entrepreneurial ecosystems in the United States.
The synergy between the Boston and New York chapters is expected to elevate TiECON East 2024, making it an even more impactful event for all participants.
“TiECON East is a unique convergence of forward-thinking individuals who are dedicated to innovation, growth, and transformative change,” said TiE Boston President Yash Shah. “This year, we are thrilled to focus on the theme of the connected entrepreneur, emphasizing the critical role of networking and collaboration in driving success. With the exciting addition of New York as a partnering chapter, TiECON East 2024 is poised to extend its reach and impact, fostering connections that transcend geographical boundaries.”
The theme “The Connected Entrepreneur: Boundless Innovation and Borderless Connections” focuses on business leaders who effectively use their networks to foster professional relationships, access valuable resources, and leverage opportunities. Staying connected also means keeping abreast of market trends, innovations, and the latest business practices, making entrepreneurs particularly adaptable and often ahead in competitive environments.
“The conference theme encapsulates the essence of modern entrepreneurship,” said Bhaskar Panigrahi, Chair of TiECON East. “It highlights the importance of connectivity in driving innovation, fostering growth, and staying ahead of market trends. At TiECON East 2024, we aim to showcase how these connected entrepreneurs navigate and thrive in a rapidly evolving business landscape.”
This year’s TiECON East will feature a diverse range of keynote speeches, startup pitches, networking sessions, and TEDx-style programs relevant to entrepreneurship, innovation, technology trends, funding strategies, and business growth. The conference will cover six key topics:
1. Cutting-edge and Emerging Technologies of the Future
2. Fostering Growth with a Focus on Best Practices in Sales and Marketing
3. Share Your Story with Real-life Inspiring Connected Entrepreneur’s Journey
4. Showcase Opportunities to Present Brand and Value Proposition
5. Market Outlook from Investors and Investment Banks
6. Exit Options: Learning from Experienced Entrepreneurs
“The sessions have been meticulously designed to address the most pressing topics and trends in entrepreneurship and innovation,” said Nithya Iyer Singh, Co-Chair of TiECON East. “From exploring cutting-edge technologies to discussing best practices in sales and marketing, each session aims to provide invaluable insights and practical knowledge. We’re excited to offer real-life stories from inspiring entrepreneurs. Additionally, our focus on exit strategies will equip attendees with the know-how to successfully navigate their entrepreneurial journey.”
TiECON East 2024 is committed to empowering entrepreneurs with the tools and connections they need to thrive. The conference will be held at the Boston Sheraton Hotel. Tickets are available at tieconeast.com.
Press Release
Young Innovators Shine at TiE Boston’s TYE Final Pitch Competition
Pictured: TelePark, the winners of the TYE 2024 Boston Finals
JUNE 7, 2024 - TiE Boston is thrilled to announce the winners of the Final Pitch Competition for their TiE Young Entrepreneurs (TYE) Academy. The highly anticipated event, hosted at Suffolk University’s Law School, saw an impressive turnout with over 150 industry insiders, mentors, judges, participants, and family members in attendance.
TelePark, powered by team members Sai Bezawada, Maruthi Birudavolu, Sarada Koppana, Vani Mittal, Saachi Badgi, and Deepika Bhardwaj, emerged victorious with their innovative mobile app solution to urban parking challenges. The app, TelePark, promises to revolutionize the parking experience by offering a seamless and efficient solution to a common urban problem. Special recognition goes to their mentor, Girish Juneja, who has remarkably mentored TiE Boston’s winning team for the second consecutive year. The team has been awarded a trip to Silicon Valley in June, where they will represent TiE Boston at the TYE Global Finals. There, winning teams from over 25 worldwide chapters will compete for top honors and cash prizes.
“We are immensely proud of all our participants,” said Yash Shah, President of TiE Boston. “The creativity, innovation, and dedication these young entrepreneurs have shown are truly inspiring. TelePark’s solution addresses a critical urban issue, and we are excited to see them represent Boston on the global stage.”
Speaking on behalf of her team, TelePark CEO Vani Mittal said, “We are super excited to represent Boston in the TYE Global Finals. It took a lot of teamwork and perseverance to get this far but we’ve learned so much, not only in how to
start a successful business, but how to work together as a team. We’re appreciative of the TYE team for helping us through our journey, and teaching us each step of the process of building a start-up; we not only were able to expand our entrepreneurship knowledge, but more importantly, we were able to meet new people and create new & lasting friends.”
Girish Juneja, mentor of the winning team, added, “It has been a privilege to work with such bright and motivated young minds. Their passion and hard work have paid off, and I am confident they will make a significant impact at the TYE Global Finals.”
The first runner-up in the competition was SleepInform, who came up with a smart pillow that provides users with sound therapy and sleep tracking capabilities. The team members were Sahej Singh, Pranav Nandyalam, and Arush Shangari.
MyPath, a web platform designed to guide students seeking non-traditional career paths, secured the second runner-up position. Team members were Parker Ferguson, Isha Shah, Kyan Sangani, Hannah Spratt, and Ashneel Ejenkar.
Additionally, UVShield was recognized for their Lean Canvas Business Model. UVShield’s product is the world’s first biodegradable UV light tracker, developed to help prevent skin cancer. Team members included Neal Mahidhar, Siddharth Deshmukh, Neil Dutta, Ritvik Shetty, and Aaron Kunnikuru.
IncluPlay, a toy company dedicated to empowering kids on the Autism Spectrum with customized toys for inclusive play, was also Prototype. Team members were Aneesha Aryan, Pranav Srinivasan, Aiden Suh, Kira Levin, and Ben Fox.
The winning teams received cash prizes to encourage them on their entrepreneurship journey. The 2023-24 TYE Cohort created solutions for issues ranging from reducing food waste, skin cancer prevention, music therapy and language learning.
Nilanjana Bhowmik, Past President TiE Boston and TiE Boston Foundation noted, “As a VC, I judge many pitch competitions. The TYE pitches are on par with any at the college and incubator level; the passion and idealism of the students stands out particularly. The TYE program does an outstanding job preparing students for the business world with practical know-how, critical thinking, team-work and effective communication. Congratulations to the class of 2024!”.
Over seven months leading up to this exciting day, fourteen teams of high school students worked alongside experienced TYE mentors to learn how to start and run a successful business. They developed business plans and presentations based on their original ideas, which they presented to panels of industry-leading judges.
During this event aimed at fostering and promoting youth entrepreneurship, students had the opportunity to connect with peers and receive valuable guidance from judges. The competition concluded with all participants emerging as winners, taking home valuable experience, important feedback, and lasting connections with other teams, judges, and organizers. TiE Boston extends its heartfelt congratulations to all the teams and looks forward to seeing their future successes.
Founded in Boston in 2005, the TYE Young Entrepreneurs Academy has since been replicated in over 30 TiE chapters worldwide. Generous support for TYE comes from BNY Mellon, Babson College, Suffolk University, and Cambridge Innovation Center (CIC).
TYE Boston’s Entrepreneurship Academy is dedicated to fostering the next generation of leaders through the transformative experience of building a startup. Over seven months, exceptional high school students are taught a rigorous curriculum by startup founders and industry experts, collaborating with peers to create solutions to pressing problems they identify.
Applications for the 2024-25 TYE Entrepreneurship Academy and the Summer Bootcamp are now open. Learn more by visiting www.tye-boston.org.