Carbonation wins the 8th edition of “TiE Young Entrepreneurs” Innovation Challenge

Carbonation wins the 8th edition of “TiE Young Entrepreneurs” Innovation Challenge

Hyderabad, January 21, 2019: TiE Hyderabad declared today, Hyderabad Student Team Carbonation for their business idea Charcoholism (an innovative solution that tackles with the ill-effects due alcohol consumption) as the winner of TiE Young Entrepreneurs TYE 2018-19. Team Pentadactyl stood runner up for their B-plan WarnCup (An intelligent sensor & warning system for detecting temperature of food/beverages contents before we consume)

This season, 31 students from 12 top schools from across the city formed 6 teams and pitched their innovative solutions at a competition held on Sunday.

In October 2018, TiE Hyderabad had launched their 8th edition of TYE. A total of 79 students applied from 20 schools in twin cities. A selected batch of 31 students underwent a rigorous curriculum on entrepreneurship and other business topics in 12 sessions, including 3 team mentoring sessions and an innovation challenge on the grand finale that concluded on 20th January 2019.

Xavier Augustin, CEO of Y-Axis his address after giving away award said, TiE Hyderabad initiative is a great encouragement the next generation to hone up life skills necessary to face future challenges and create simpler solutions rather than worrying about problems. He lauded TiE Hyderabad for their 8th successive competition and giving a platform for young students to showcase their business ideas.

Suresh Reddy, President – TiE Hyderabad & CEO of Brightcom said “Entrepreneurship is about taking risks and the grit to make it successful. We are delighted to see students in the early stage of their life are adopting it fearlessly. Everyone who made it to the final pitches is already winners.”

Congratulating the winners Kali Prasad Gadiraju (Past President, TiE Hyderabad and Office Managing Partner, E&Y Hyderabad) said “The new generation of student entrepreneurs has access to TYE platform, and a host of successful mentors, previous gen would consider scarce. He urged the participants to take their innovative ideas seriously, and help solve real-time problems that are affecting people.”

During the TYE course, the participants interacted with many seasoned entrepreneurs, from TiE Organisation. The structured program offered by TiE Hyderabad included a day-long session on Design Thinking by experts and a team bonding/ group working session by HR professionals.

The jury for the TYE Entrepreneurship Award was Hema Balakrishnan – Founder Color D Earth, Alekh Barli, CEO –, Dr. P Rantakar -Vice President & Practice Head, Life Sciences – Tech Mahindra.

Carbonation wins the 8th edition of “TiE Young Entrepreneurs” Innovation Challenge

Winners- Team Carbonation – Sohini(Chirec International), Vedant Chachan (Chirec Public School), Sathvik Sai Kaza(Oakridge International School), Kushal (Delhi Public School), Anusai Dasari (Oakridge International School) who are mentored by Mr. Murali Kakarla (CEO, Innobox System Pvt Ltd) were declared the Winners of TYE Innovation Challenge 2018-19.

Runner up - Team Pentadactyl

Runner up – Team Pentadactyl – G Vineeth (DRS International School), Donna Thakker(Chirec International School),Shashank (Bharathi Vidya Bhavan), Ridah Shaistah(Oakridge International School) & Ananya Shah (Aga Khan Academy) mentored by Mr. Pranav Shah (CEO, Enter Pi), were declared the Runners-up of TYE innovation challenge 2018-19.

Students from top schools of twin cities such as Bharatiya Vidya Bhavan’s Public School, Jubilee Hills, Aga Khan Academy, Chirec International, Delhi Public School, Glendale Academy International, Jubilee Hills Public School, Oakridge International School, Sadhu Vaswani International Schools & various other participated in this program.

Additional Information:

Leaders and Mentors at TYE
A number of industry luminaries were involved in a series of sessions conducted during the TYE program that the students attended which included Murali Bukkapatnam (Founder & Chairman, Volksy Technologies), Anil Kumar (Founder & Chairman of Greatsports Infra), Subbaraju Pericherla (Founder & CEO Crossborders), Ekta Bahl (Partner, Samvād Partners), Sanjay Jesrani (Founder & CEO, Go North Ventures), Team from Hum consulting, Sricharan Lakkaraju (Founder, Stumagz)

The mentors Dr. Balaji Bhyravbhatla (Managing Director, HyLasCo Bio-Technology (India) Pvt. Ltd.), Mr, Bhanu Prakash Varla (Partner & Director,Graylogic Technologies Pvt. Ltd.), Mr. Rakesh Bhatia (Founder & CEO, TheCapitalNet), Mr. Pranav Shah(CEO, Enter Pi), Dr. N Ramakrishna (Chairman & MD, Smiline Dental Hospitals) Mr. Murali Kakarla (CEO, Innobox Systems Pvt.Ltd) & Mr. Srikant Tirumala (Founder & CEO, Hooperlabs Inc) helped students by vetting their business plans to allow the participants identify problems and find solutions accordingly. These mentors unlocked the potential of the participants in order to get the best out of them.

In 2018, TiE (The Indus Entrepreneurs) Hyderabad Chapter successfully conducted of 60+ events & activities under 20+ themes to encourage, nurture next-generation entrepreneurs. TiE organisation comprises successful entrepreneurs & accomplished professionals, volunteering to support startups, with an objective of fostering entrepreneurship across industries, at every stage of the entrepreneurial life cycle. Hand-holding startups & enterprises to next level of growth through mentoring, education, funding & connecting customers & global networks.