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Press Release
TiE Boston Appoints New Board Members

BOSTON (January 11, 2024)— TiE Boston, one of New England region’s largest and oldest organizations supporting the Massachusetts entrepreneurial ecosystem, today announced the appointment of Alok Prasad, Pramod Kalyanasundaram, Sunita Kanchinadam, and Swarna Balasubramanian as directors to its Board. As charter members, they have led important initiatives and are deeply engaged with TiE Boston, demonstrating their significant commitment to the mission.

“We are pleased to welcome Alok, Pramod, Sunita, and Swarna to our board. They are proven leaders who are passionate about driving innovation with entrepreneurs and making a difference,” said Yash Shah, TiE Boston President. “Their leadership and capabilities complement our current board and underscore TiE Boston’s commitment to fostering entrepreneurship.”

The new Board Members will work along with the current Board Members, bringing their diverse professional experiences and perspectives to steer TiE Boston’s constituencies through an entrepreneurial environment of disruption, growth, and positive business changes.

 

TiE Boston is the second oldest and second largest TiE chapter in the world, and currently has more than 200 charter members. Stability & continuity is critical to ongoing success of the organization. The appointment of new members to the Board and the recent election of Purnanand Sarma as the President Elect of the organization ensures continued success for TiE Boston.

About Alok Prasad

Alok Prasad brings 30+ years of successfully starting, building and investing in technology companies. He started his career at Rohm & Haas and helped start the Plaskon-division far-east operations in Singapore. Since then, he has been an investor-operator who has successfully started and built companies to hundreds of millions in revenue and led or supported companies to exit or IPO. He is Chair of TiE Boston Angels leadership team, and part of the leadership team for TiE Global Angels. Alok received his MBA from The Wharton School at the University of Pennsylvania and a B.Tech. from the Indian Institute of Technology, Kharagpur, India.

 

“I am honored to be part of the TiE Boston Board,” said Alok Prasad. “As we get into the new era of breakthrough technologies such as Generative AI and bio-engineering at a global level, TiE is well-positioned to support entrepreneurs achieve their dreams on the

global stage. Facilitating that achievement by being on the Board is a privilege and an honor.”

 

About Dr. Pramod Kalyanasundaram

Pramod Kalyanasundaram is a TIE Charter Member and the Chair for the TIE ScaleUp program. He is an entrepreneur, Fortune 50 executive and is currently the SVP of Engineering and Operations at Wasabi Technologies LLC, a New England Unicorn company. He is passionate about technology, entrepreneurship, and leadership. For the past few years, he has served as a mentor, curriculum lead, and the Chair for the TIE ScaleUp program which is the #1 Seed+ to Series A, non-equity startup incubator which is hosting its 10th cohort this year.

 

“It has been a great experience being part of the TIE Boston Chapter and community over the years, including the TIE ScaleUp Program,” said Kalyanasundaram. “Joining the board gives me the opportunity to work with the TIE Boston board and the leadership team to create a positive impact at the Boston Chapter and Global level.”

 

About Sunita Kanchinadam

Sunita Kanchinadam is currently a Managing Director in Bank of New York Mellon, responsible for technology organization in delivering technology solutions to businesses in Asset Servicing. She has led multi-year transformation initiatives in large financial companies for over two decades and is passionate about driving impactful business revenue through technology and digitization. She has worked in Barclays, Goldman Sachs, State Street Bank to name a few among the top tier financial institutions. In 2023, Sunita Kanchinadam served as the Chair of TiECON East, and organized three tracks with 58 speakers for the conference.

 

“I’m excited to bring my tech and industry experience to foster and further the mission of TiE, with a focus on women-owned businesses,” said Kanchinadam. “Of particular interest is the transformation through tech solutions that would be impactful at the industry level and in furthering opportunities for women.”

 

About Dr. Swarna Balasubramanian

With over a decade of experience in creating, financing, and managing early-stage scientific innovations and startups in the life sciences industry, Dr. Swarna Balasubramanian is currently an Associate Director in Emerging Innovations Unit at AstraZeneca. In this role, she focuses on catalyzing novel science and technology in drug discovery and development, aiming to usher in the next generation of therapeutics for patients. Previously, she played a key role in the leadership team at Acidophil - contributing to company creation and holds a PhD from the University of Maryland Baltimore County. Dr Swarna Balasubramanian served as the Co-Chair for the inaugural year of TiE Boston’s University Pitch Competition.

 

“Having actively participated in various TiE Boston initiatives over the past two years, I am thrilled to take on the role of Board Member,” said Balasubramanian. “In this capacity, I am eager to shape the future of TiE Boston and contribute to the growth, success, and greater diversity of the entrepreneurial community.”

Board Members 2024
2024-president

Press Release
TiE Boston Announces Biotech and Pharma Executive-Entrepreneur, Dr. Purnanand Sarma as President-Elect
Sarma will begin his term on July 01, 2024, following six months of working closely with current President Yash Shah.

Dr. Purnanand Sarma

BOSTON (Nov 29, 2023)— TiE Boston, one of New England region’s largest and oldest organizations supporting the Massachusetts entrepreneurial ecosystem, today announced that Purnanand Sarma has been elected as the 14th President of TiE Boston.

Beginning July 1, 2024, Sarma will serve a two-year term, during which he plans to further build and diversify the role of TiE Boston in elevating entrepreneurship in New England as well as around the globe.
 
Board Secretary, David Barbash, announced that charter members in good standing had voted by written ballot, as outlined by TiE Boston bylaws. The free and fair voting process followed several months of hard work by the Search Committee and approval from the Board.
 
Noting that Purnanand Sarma is an entrepreneur who has blazed trails, Yash Shah, current TiE Boston President said, “We warmly welcome Purnanand Sarma to the Board as President Elect, and look forward to leveraging his expertise in furthering our mission of fostering entrepreneurship in Massachusetts.”
 
Sarma said that he is thrilled to serve TiE Boston. Dr. Purnanand Sarma, until most recently, served as President, CEO and Board Member of Immunome (NASDAQ:IMNM), 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 30+ years of experience in all aspects of pharmaceutical and biotechnology business across multiple therapeutic platforms, and in companies of various sizes ranging from start-ups to large cap pharmaceutical companies.  “I am thrilled and honored to serve as the next President of TiE Boston and carry the legacy of amazing founders, past presidents and members of TiE Boston”, said Dr Sarma.
 
TiE Boston is the second oldest and second largest TiE chapter and currently has more than 200 charter members.

TiE ScaleUp Cohort 10

Press Release

TiE ScaleUp Announces Tenth Cohort

BOSTON, MA, October 31, 2023 - TiE Boston is thrilled to announce the lineup of fourteen spectacular, local startups joining TiE ScaleUp’s milestone tenth 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.

“We’re honored to have the opportunity to support these fourteen amazing teams. While the market continues to challenge early stage startups, resilient founders can find ways to build in all conditions,” said TiE Boston President, Yash Shah. “The TiE ScaleUp community of mentors, instructors, alumni, and allies will do all we can to support these bold entrepreneurs.”

As an equity-free, premiere program, ScaleUp has long relied on the generosity, curiosity, and enthusiasm of TiE Boston Charter Members to help deliver the unique value of a later-stage accelerator to entrepreneurs and to make an outsized impact on the Boston startup ecosystem.

TiE ScaleUp is grateful for the continued generous support of Arent Fox Schiff. We’re also glad to welcome our newest program sponsors: HSBC Innovation Banking and Spinnaker Sales Group. TiE Boston’s community of mentors and TiE ScaleUp alumni have ensured that the ScaleUp network continues to remain strong and vibrant. Cohort 10 will launch on November 1, 2023; please join us in welcoming these fourteen startups to the TiE ScaleUp and TiE Boston communities.

It is our distinct pleasure to introduce the Cohort 10 startups:

BLOOM is an expert-led digital health and wellness platform that guides families through the teen years providing modern guidance, coaching, and a supportive community.

Boston Cell Standards offers the only immunohistochemistry (IHC) laboratory reference materials for cancer biopsy testing. Reference materials are required to deliver test accuracy & reproducibility. Our solution enables consistently accurate diagnosis and cancer treatment assignment.

Cellens offers an accurate and noninvasive bladder cancer detection test suite to support physicians’ decisions and improve patients’ quality of life.

Gratinsta sells unique, nature-inspired jewelry with a goal to connect people more with nature. They are a sustainable brand, using recycled sterling silver to limit mineral mining and plant a tree for every purchase made.

GoTeacher provides a collaborative workspace for educators to curate and distribute educational resources, while school leaders access deep engagement analytics across all student devices.

Magnomer is making packaging more sustainable through their magnetizable coatings for recyclable packaging. Their solution is fully compatible with current manufacturing and recycling infrastructure.

NonExomics are pioneering the use of artificial intelligence to mine the dark genome to identify novel therapeutics and diagnostics for a wide range of diseases.

Novobeing is a digital health company that provides immersive stress reduction and well-being solutions to individuals and healthcare organizations.

Radmantis develops uncrewed fish management tools for enhanced seafood production and precision aquaculture. Radmantis is advancing robotic fish farming by combining image processing, ML-inferencing, and physical and behavioral exclusion techniques.

Smartweave is revolutionizing connective tissue restoration through a generative AI-powered smart tissue design platform

Sol Clarity offers water-free, automated, non-contact solar cleaning involving no manual labor or moving parts through the use of their Electrodynamic Screen (EDS) technology.

SubAgent (formerly Nobee) is a tech-driven real estate echo-system enhancing the residential leasing experience for all parties involved.

Trillbit’s “Soundauth” is a passwordless login solution based on a passkey cryptography standard. Passkey is a phishing-resistant password replacement standard by FiDO, which is more secure than any password + MFA combined. Trillbit makes it easy and cost-effective for companies to move to this new standard.

Whoozcooking enables independent chefs to feed their local communities through their sophisticated marketplace and delivery options.

Press Release

TiE Boston Announces Shortlist for the Regional Women Pitch Competition!


First Place Winner will represent Boston at the TiE Women Global Pitch Competition at TiE Global Summit in Singapore to compete for up to $50K of equity-free money and $100K investments.

Boston, August 9, 2023: TiE Boston is proud to announce the six women founders chosen to advance to Boston Regional Finals of the 2023 TiE Global Women Pitch Competition! These founders will pitch to a panel of three influential judges from the New England startup ecosystem on August 30th , 2023. There was considerable diversity to be seen in the applications this year that were a fair representation of of health tech, biotech, consumer, and enterprise tech among other sectors that form the vibrant entrepreneurship ecosystem in New England. Sangeeta Moorjani, Chair of TiE Boston Women and Board Member said, “Once again, this year’s applications reminded us that the ecosystem is thriving with an incredible group of women founders who have game-changing solutions for a diverse set of stakeholders. Arriving at the shortlist from all the amazing applications, was a tough task! I’d like to thank all the applicants and the screening committee for their commitment to promoting entrepreneurship for the common good.” Yash Shah, TiE Boston President said, “Congratulations to the Founders! I am delighted to see Boston serve as home to so many women founders. Our mission is to inspire and nurture women entrepreneurs and the TiE Global Pitch Competition helps us to deliver on that. I invite women founders to explore our programs and join us in our mission of fostering entrepreneurship.” Congratulations to the six shortlisted female founders: Joanne Mercaldi, Co-Founder of Bloom Leila Daneshmandi, Co-Founder and COO of Encapsulate Dr Ruchi Chauhan, Co-Founder and COO of NonExomics Inc Lori Sylvia, Founder and CEO of Rally Nathalya Mamane, Founder and CTO of RT MicroDx Andrea Crewe, Founder and CEO of Vitaliti The First Place Winner will represent TiE Boston at the TiE Women Global Pitch Competition in Singapore and compete for $50K of equity-free money and $1m in investments! TiE Boston remains committed to helping female entrepreneurs by increasing visibility, providing mentorship, and creating pathways to access funding for their ventures. For more information about TiE Boston, visit https://www.tieboston.org/.

TiE Angels Sealonix Deal

Press Release

TiE Global Angels, led by TiE Boston, Invests $1.395M as part of a $20M Investment Round in Sealonix, Inc., a Surgical Sealant Product Company