2017 Silicon Valley Mission
TiE Singapore Mission is an annual program which provides select candidates the opportunity to go through an intensive training program in Singapore, and attend one of TiE’s global summits held around the world.
These global conferences are a chance for members to showcase their ventures, and interact with fellow entrepreneurs, investors, and corporate and thought leaders from around the world.
Two exciting months of insightful thought leadership, vibrant networking and engaging mentoring sessions across two countries – The Silicon Valley Mission 2017 comes to a close. A throwback to the amazing journey and the memories garnered along the way!
How It All Began…
The idea behind the delegation was seeded early last year in our weekly team meetings. Our team felt that the local entrepreneurship scene was action packed but there was still scope to create opportunities for startups exploring global markets.Well, fostering entrepreneurship is in our DNA and our global network is our strength.We decided to make it our mission to bridge this gap and make access easy. What better way to start than leveraging our own global network; what better place to start than Silicon Valley.
The Selection Process
After running a successful pilot last year, we launched the “Silicon Valley Mission 2017” early April, this year. Among hundreds of applicants, eleven startups were selected by a panel of investors, entrepreneurs, and corporate gurus. As part of the delegation, these startups attended TiEcon 2017, exhibited their products and networked with key investors and industry leaders from across the globe. IE Singapore supported this initiative by reimbursing the startups up to 70% of their eligible core expenses. IBM came on board as tech partners by providing each of these startups USD12000 in Bluemix credits.
The selected startups were from diverse verticals including Data Analytics, Fintech, Insure Tech and Sustainability. An incredible group of mentors coached these startups on pitching their business and addressing key business challenges.
Pitching to Singapore Investors!
With fine-tuned pitches and stronger business propositions, these startups were brought together in a room full of investors, government officials and corporates in Singapore for an intimate pitching session. The last fueling stop in Singapore before their Silicon Valley Adventure!
Hello Silicon Valley!
Flying in, the startups immediately immersed themselves into the vibrant tech scene of the Valley by attending an intensive bootcamp with local mentors and gaining insights into fundraising and functioning of the US market
TiEcon 2017 was about building meaningful relationships and strong networks with industry leaders and investors of Silicon Valley. Big data seemed to be the flavor of the moment as Dathena got the opportunity to pitch to a panel of investors including Alireza Masrour from Plug and Play Ventures, Arun Penmetsa from Storm Ventures and Ajay Ramachandran from Happiness Ventures. Furthermore, from over thousand startups across the globe, Singapore big data startup Big Tapp was awarded the prestigious TiE50 award. The award was presented by Jytoi Bansal, Chairman of AppDynamics.
Conference, Networking & More
Esteemed members of the delegation Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), Ong-Ang Ai Boon, Director, The Association of Banks in Singapore and Steve Leonard, Founding CEO, SGInnovate were key speakers at TiEcon 2017 shining a light on the vital role of the Singapore tech ecosystem. The keynote speakers at the event included Tim Draper, Founding Partner, Draper Associates and DFJ and Vinod Khosla, Partner, Khosla Ventures.
During the visit, TiE Singapore and its Charter Members used their strong personal networks to ensure the startups made the right connections, had access to close door networking events and corporate introductions. The eleven startups exhibiting at TiEcon didn’t just get a chance to pitch to the local industry players but also managed to gain investor interest and international media exposure!
As we bring the delegation to a close, we are grateful for all the support from our partners and our community in making this mission a success. The delegation was a great opportunity for the startups to explore a new market and cultivate strong and long lasting business associations. For us at TiE, this is just the beginning; one of our many initiatives towards our mission of fostering entrepreneurship and building the bridge between the local startups and the world.