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Prominent Entrepreneurs share Business World - launch of TiE Young Entrepreneurs Programme


TiE UK (The Indus Entrepreneurs) has launched the TiE Young Entrepreneurs (TyE) Programme, a global initiative that aims to teach and inspire young students to become entrepreneurs. The TyE Programme aims to equip sixth form students with the skills required to become entrepreneurs via a curriculum taught by prominent entrepreneurs. The Programme culminates with a business plan competition in April 2010 when the students will work in teams to prepare and pitch business plans to a panel of entrepreneurs and venture capitalists. The winning UK team will participate in the TyE Global Competition for a prize of a trip to Silicon Valley to meet with world-renowned entrepreneurs and role models who will share their experience and provide guidance in implementing their business ideas.

TiE is the world’s leading not-for-profit network for entrepreneurs, which promotes entrepreneurship through mentoring, networking and education. TiE has 53 chapters in 12 countries with over 11,000 members. Led by Tom Singh, Founder of New Look, TiE UK is the second largest chapter with branches in London and Manchester.

The TyE Programme is reaching out to students from very different backgrounds, as part of the Programme’s objective is to encourage students to learn from each other and raise the bar of their ambitions while gaining the skills to build successful businesses.

22 sixth form students were successful in their applications to join the TyE Programme and have started to participate in the first classes. Vivek Roy-Chowdhury, a participating student from Haberdashers’ Aske’s Boys School, commented: “I feel that the Programme has already really helped me understand what it means to be an entrepreneur, especially the fundamentals of starting a new business from scratch. I have also really enjoyed the exercises set in each class.”

60 students, teachers, parents and entrepreneurs participated in the successful launch of the TyE Programme at Cass Business School where Asif Rangoonwala, Founder of Eurobuns and Board Member of TiE UK, spoke to the students about what it takes to build and run a business. Asif emphasized to the audience that: “Students need to learn how big businesses are started and we need to inspire them to achieve business success because it is possible and, more importantly, our economy needs thriving businesses!”

Topics in the TyE Programme include: ‘Opportunity Recognition’, taught by John Mullins, Associate Professor of Management Practice at London Business School; ‘Marketing’, taught by Dr Diwan Rahul Nanda, Global Chairman of TopsGrup; and ‘Finance’, taught by George Coelho, leading VC and Founder of renewable energies investor, Good Energies LLP.

George Coelho, who is also a TiE UK Charter member and Member of the Board, said: “I am looking forward to teaching one of the classes and participating in the judging of the business plan competition. I firmly support the development of the TyE Programme as it enables students from challenged areas of London to benefit from contact with successful entrepreneurs. We will encourage them to develop high expectations for the future and hopefully spur them on their way to achievement. I also hope that a UK team will win the Global Competition, since a potential trip to Silicon Valley could really have an impact on them. My years in Silicon Valley certainly inspired and developed me.”
Professor Mullins commented: “I usually teach MBA students or executives and it is fun to have such a diverse young audience. TiE is doing a great job in fostering entrepreneurship and I am pleased to be associated with this programme.”

The classes are designed to teach students about all aspects of operating a business while also giving them the opportunity to work with successful and established entrepreneurs. The sessions are both instructional and interactive and are designed to build self-confidence and entrepreneurial skills. Janki Patel, a participating student from Bromley High School, has said of the first classes: “I have enjoyed the different lectures because I have learnt something new from each of them. I have also gained confidence as a result of giving presentations to the rest of the class.”

The panellists for the business plan competition include Tom Singh, Chairman and Founder of New Look, and Chairman of TiE UK; and Nish Kotecha, Founder of Sphere Partners and President of TiE UK who will provide feedback and choose a winning UK team to announced in April 2010 and participate in the TYE Global competition.

One of the goals of the programme is to teach the students that even in tough economic times, entrepreneurial effort can be at the forefront of regenerating the economy. Christine Spooner, Executive Director of TiE UK, said: “Through this programme, students have the chance to learn that the worldwide financial problems we are witnessing are actually opportunities for entrepreneurs. We are giving them the skills necessary to take the next steps to entrepreneurship when the time is right for them.”

The results are already tangible. Thanks to interaction with successful entrepreneurs and her fellow students, Aisling O’Brien, a student from Sacred Heart of Mary Girls School and Career Academies, commented: “I have gained so much from these classes. I enjoy listening to the views of different business people on entrepreneurial subjects as it makes a good change from what is in the textbook.”

The TyE Programme builds on the highly successful “Shadow an Entrepreneur” Programme launched last year. Shadow an Entrepreneur saw 15 high profile entrepreneurs being shadowed by school students who participated in all aspects of their businesses from client meetings to operational management. It was so successful that the decision was taken to roll it out as an extended programme.

TiE partnered with Career Academies UK, the national charity that links the world of education and business, and enterprise campaign, Make Your Mark, who referred students for TyE. The programme is supported by TiE UK sponsors, ABN Amro, KPMG and HSBC, and our global sponsors the Kauffman Foundation, Nishith Desai, Standard Chartered Private Bank Boyden and Microsoft, which is hosting the classes in its headquarters at Victoria.

Tushar Dasghose, TiE UK Charter Member and Business Consultant to Microsoft, said: “It gives me great satisfaction to host such a beneficial programme in Microsoft’s offices. The students’ enthusiasm and responses to the entrepreneurs gives me a sense of satisfaction and hope for the next generation of our young entrepreneurs. I think this is a truly unique programme which deserves the highest recognition.”

- ENDS -
Editors Notes
Press Contact: Margaret Henry, PR Consultant, TiE UK.
Tel: +44 (0)1865 811199 Email: m.henry@oxin.co.uk

Photos available on request
About the TyE Programme
The objective of the TyE Programme is to offer a curriculum taught by established industry leaders, and an associated business plan competition, with the aim of educating and inspiring young students to become entrepreneurs. TyE is a TiE Global initiative that is being implemented this year in five Chapters as a pilot with the aim of expanding it to all 53 Chapters around the world.

The vision of the programme is to empower young people to become entrepreneurs by engaging them in high quality educational programmes and mentoring designed to:
• Develop business acumen and communication skills
• Discover the challenges and rewards of entrepreneurship
• Instil confidence to lead in a global environment
The following list provides a summary of the courses which TiE UK Charter Members are teaching, and of the mentoring provided, to successful applicants on the TyE Programme:
Topic Speakers
Launch Event II Asif Rangoonwala – Eurobuns and Valson International Limited
Program Orientation - What is Entrepreneurship and Who's an Entrepreneur Lucky Dissanayake - Director, Dakini Books
Opportunity Recognition John Mullins – Associate Professor, London Business School and Rohit Chugh – The Interesting Food Company
Marketing Part 1 Moti Shahani - Managing Director, How Might
Finance Part 1 Vinay Kashyap – Senior Associate, Summit Partners Limited
Law & Business (To be combined with Business Models) Alpesh Patel – Principal & Founder, Praefinium; Adosh Chatrath/Dan Soffin – Partner, Gates and Partners
Finance Part 2 George Coelho – Managing Director, Good Energies (UK) LLP
Marketing - Part 2 Dr. Diwan Rahul Nanda – Chairman & Managing Director, Top Securities Ltd
Work in Teams/Business Plan Development MENTORS: Parminder Vir OBE – Executive Producer & Media Consultant, Parminder Vir Ltd; Selina Sagayam – Partner, Gibson, Dunn & Cruthcher LLP; Sanjeev Ahuja – Managing Director, Progressive Intelligence Pvt. (UK) Ltd; Neil Basu – CEO & Managing Partner, Pearl Diver Capital LLP; Vinay Kashyap – Senior Associate, Summit Partners Limited
Shadow an Entrepreneur: Work in Teams/Business Plan Development MENTORS: Parminder Vir OBE, Selina Sagayam, Sanjeev Ahuja, Neil Basu, Vinay Kashyap
Work in Teams/Business Plan Development MENTORS: Parminder Vir OBE, Selina Sagayam, Sanjeev Ahuja, Neil Basu, Vinay Kashyap
Work in Teams/Business Plan Development MENTORS: Parminder Vir OBE, Selina Sagayam, Sanjeev Ahuja, Neil Basu, Vinay Kashyap
Mock Pitch - to panel of investors Moti Shahani - Big Idea Consulting Ltd
Final Pitch and Winner Proclamation George Coelho - Managing Director, Good Energies (UK) LLP; Nish Kotecha – Sphere Partners Limited and Current President, TiE UK
Tom Sing - Rianta Capital and current Chairman, TiE UK
GLOBAL COMPETITION


List of TiE UK Charter Members participating in the TyE Programme
Name Company Position
Adosh Chatrath Gates and Partners Partner
Alpesh Patel Praefinium Principal & Founder
Asif Rangoonwala Valson International Limited
Dan Soffin Gates and Partners Partner
Dr Diwan Rahul Nanda Top Securities Ltd Chairman & Managing Director
George Coelho Good Energies (UK) LLP Managing Director
Indranil Basu Pearl Diver Capital LLP CEO & Managing Partner
John Mullins London Business School Associate Professor
Lucky Dissanayake Dakini Books Director
Neil Basu Pearl Diver Capital LLP CEO, Managing Partner
Nish Kotecha Sphere Partners Limited
Parminder Vir OBE Parminder Vir Ltd Executive Producer & Media Consultant
Rohit Chugh Interesting Food Company CEO
Sanjeev Ahuja Progressive Intelligence Pvt. (UK) Ltd Managing Director
Selina Sagayam Gibson, Dunn & Crutcher LLP Partner
Vinay Kashyap Summit Partners Ltd Senior Associate

Students participating in the TyE Programme
Name School/College
Aahnaf Hossain Woodside High School
Abheek Basu St Paul’s School
Ailing O’Brien Sacred Heart of Mary Girls School
Alex Stewart Christ the King Sixth Form College
Anisha Ruparelia Queen Elizabeth Girls School
Bassett James Northwood School
Bhavik Mehta Twyford Church of England High School
Bhavini Mehta Twyford Church of England High School
Hinesh Chotai Haberdashers’ Aske’s Boys’ School
Janki Patel Bromley High School
Jeffrey Ngumo Christ the King Sixth Form College
Krishna Kandasamy Northwood School
Lizzie Sullivan Sacred Heart of Mary Girls School
Lukmon Mayegun North West Kent College
Natassia Cain Northwood School
Nathaniel Ojofeitimi Christ the King Sixth Form College
Pellumb Ahmetaj Haverstock Business & Enterprise Sixth Form
Rashi Nanda St Mary’s School
Rebecca Moylan Sacred Heart of Mary Girls School
Surina Seghal Northwood College
Shorna Coelho Northwood School
Vivek Roy-Chowdhury Haberdashers’ Aske’s Boys’ School


About TiE UK
Founded in Silicon Valley in 1992, TiE (The Indus Entrepreneurs) is the world’s leading not for profit organisation that promotes entrepreneurship. Although its birth name signifies the South Asian or Indus roots of its founders, TiE stands for Talent, Ideas and Enterprise.
TiE’s core activities are mentoring and education programmes and networking events. The network links budding entrepreneurs to successful and prominent entrepreneurs and professionals through its unique Mentoring Programme. TiE also organises a TiEger’s Den Business Pitch Competition, inspirational networking events and Special Interest Groups in Healthcare, Outsourcing, Social Entrepreneurship and Venture Capital.
The TiE network includes many participants in the entrepreneurial ecosystem – high profile entrepreneurs as well as up and coming entrepreneurs, venture capital firms, angel investors and professionals that specialise in services to support entrepreneurs.
Launched in 2000, TiE UK operates from London and Manchester. It has over 140 Charter members and over 800 regular members, making it one of the largest Chapters globally.
TiE UK’s partners include: the CBI; London Business School, Cass Business School; The Hub; Make your Mark (Enterprise Insight); British Library Business & IP Centre; Manchester Junior Chamber of Commerce; Warwick University; Said Business School at Oxford University; the Centre for Entrepreneurial Learning at Cambridge University; Manchester Business School; Manchester Metropolitan University Business School’s Centre for Enterprise and Imperial Entrepreneurs.
TiE UK is sponsored by: ABN AMRO Private Banking; HSBC Bank; KPMG. For more information: www.tie-uk.org
Career Academies UK
Career Academies UK is a registered charity founded in 2002. Inspired by the National Academy Foundation in the US, Career Academies UK was founded in 2002 and is a registered charity. It supports a movement of over 700 employers and 100 schools & colleges, working together to raise the aspirations of 16 to 19-year-olds. Over 95% of Career Academy graduates go on to higher education, or an equivalent level of work-related training, compared with a predicted 40% based on their GCSE performance at the start of the programme. For more information: www.careeracademies.org.uk
Make your Mark
Make Your Mark is the campaign to increase entrepreneurial behavior among young people in the UK. Young people are given the chance to take part in flagship initiatives such as Make Your Mark with a Tenner, the Make Your Mark Challenge and year-round Make Your Mark Club, and have access to strong entrepreneurial role models.
It is run by Enterprise UK which gives people the skills, confidence and ambition to be enterprising. It has four programmes of work promoting enterprise for now and for the future, globally and locally. For more information: www.enterpriseuk.org/makeyourmark
Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.
For more information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass on Microsoft’s corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/presspass/contactpr.mspx

Cass Business School
Cass Business School, City University, London, delivers innovative, relevant and forward-looking education, training, consultancy and research. Located in the heart of one of the world’s leading financial centres, Cass is the business school for the City of London.
Our MBA, specialist masters and undergraduate degrees have a global reputation for excellence, and the School supports nearly 100 PhD students. Cass offers the widest portfolio of specialist Masters programmes in Europe and our Executive MBA is ranked 13th in the world and 2nd in the UK by the Financial Times, and the full-time MBA is ranked 6th globally by Forbes.
Cass has the largest faculties of Finance and Actuarial Science and Insurance in Europe. It is ranked in the top 10 UK business schools for business, management and finance research and 90% of the research output is internationally significant.
Cass is a place where students, academics, industry experts, business leaders and policy makers can enrich each other's thinking. For more information: www.cass.city.ac.uk.


Publisher Contact Information:

TiE UK (The Indus Entrepreneurs)
+44 (0)1865 811199
m.henry@oxin.co.uk

Company profile of TiE UK (The Indus Entrepreneurs)
Past press releases of TiE UK (The Indus Entrepreneurs).

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