Renowned non-profit organisation TiE (The Indus Entrepreneurs) Global, launched the Coimbatore edition of TiE Women, on Tuesday, February 5th, 2020. During the inauguration, the Coimbatore chapter announced that as many as 40 members had signed up already, and even more were expected from the state, soon.
Hemalatha Annamalai, the global chairperson of TiE Women, said that 20 of the 22 TiE chapters in the country have signed up for women chapters. Women entrepreneurs from a variety of sectors, who run startups or businesses in which they are partners, can become members of the organisation. She added, “We are targeting entrepreneurs in Salem, Erode, Karur and rest of Tamil Nadu,” she said.
Currently, only 12% of listed companies in India have women board members. As such, TiE Women aims to promote women entrepreneurship as a way of empowering them.
Supported by BSE, Empower is an organisation that works to accelerate and promote women entrepreneurship. The recent partnership with TiE will enable it to organise a pitch contest for women entrepreneurs in the world, where they will compete for exposure and support for their ventures. This year, the global summit of TiE will take place in Dubai, with the winner at the finals receiving an amount of $ 1,00,000 (approximately ₹70 lakh).
The contest will be open to women entrepreneurs in all the chapters in the country, with the finalist moving on to participate in the global contest. As such, the launch of TiE Women in Coimbatore is also a significant milestone ahead of the contest. The chapter will work towards conducting a number of critical programmes and events for women entrepreneurs, throughout the year.