Nurturing the power of artificial intelligence (AI), the TiE Global Summit to be held on Dec 8, 2020 in Hyderabad, India promises to bring together 20,000+ entrepreneurs, and 250+ VCs, PE funds, Angel Groups, and Investment Arms from 25+ countries on one platform “to enable successful business matchmaking amid the pandemic.”
TiE said in a press release that across the world, entrepreneurs were bearing the brunt of the COVID-19 pandemic induced recession. From lack of cash flow and negative business growth to inadequacy of resources due to lockdowns and stringent social-distancing measures, the entrepreneurial community had more problems at hand than the mind space they had to find solutions.
All these factors coupled with the uncertainty that was likely to remain for years, made it virtually impossible for businessmen to continue chasing their dreams.
TGS 2020 was an initiative to establish a meeting point for entrepreneurs to share their game-changing ideas with potential investors. Investment, pitches, networking, mentoring and awards, will be some of the distinguished features of the event, which will be attended by the world’s top 100 VCs. The unique feature of this event an AI Matchmaking platform that matches buyers to sellers, investors to investees and mentors to mentees.
The AI software will select entrepreneurs by leverage enormous data at hand, and help them reach their target – be it finding a prospective buyer of products or an investor for an idea. The matchmaking sessions will fix appointments between stakeholders from different parts of the globe.
250+ investors are attending with investment portfolios between US $10 to $500 million for the event and estimated to fund to a tune of $250 million across 200+ startups. The process of selection is through detailed financial and market analysis, followed by, elevator pitches to the investors in the summit.
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Image credit: TiE/Twitter