Feature newsHyderabadLatest News

TiE Sustainability Summit to enable $100 million funding for Social Enterprises

Hyderabad, Sept.25 :Social enterprises are fast emerging as sustainability power engines of world economies. They are driven by vision to improve society. They identify and solve societal problems through innovation and technology. They feed the hungry, resolve injustices, educate the illiterate, reach healthcare in the remotest corners of the world to cure the diseases, and protect the environment. Social enterprises are movers and shakers of the twenty first century — they are action oriented, they helped the needy (be it organizations or individuals). They act locally butimpact globally.
TiE Sustainability Summit plans to solve both the problems. TSS 2021 hosted by TiE Hyderabad is being held between October 4-6, through a virtual platform, will leverage its technology platform to facilitate funding of social enterprises. TiE is confident of funding at least 50 to 100 social enterprises during the summit, where the social entrepreneurs will be making a pitch to about 200 global investors. Through its technology platform TiE is confident of facilitating funding to a tune of $20 million in the short-term and about $100 million in the long term to promising social enterprises with ability to create a deep impact on human society, animals and nature. The invested will be made by social impact investors and large businesses who find a social enterprises with a promise of future growth and profits. TiE will play the role of a facilitator to help the most suitable social enterprises meet their potential funding partners.
Manohar Reddy, TSS Global Chair and President TiE Hyderabad said, “We see social enterprises as the change agents of the world and will play a key role in shaping the future of world economy. At TSS, we have designed a “Match Making’ Technology Platform for potential social impact investors to meet their prospective investees (social enterprises) who have the capability and promise to not only provide high return on investment, but also create a deep social impact.”
This thought was further echoed by Mahavir Sharma, Immediate past Global Chairman of the Board, TiE Global and Co-Founder, Rajasthan Angel, who said, “Social enterprises are the future unicorns of the world. They will be building a trillion dollar economy. At TiE we stay committed to fulfilling the needs of social entrepreneurs who are faced with the challenges of funding, attracting talent – we will be solving both these by partnering with social impact funds and large business to fund them to a tune of $100 million in the long term spread across a few phases based on business viability and ability to create the societal impact and generate high return on investment. Secondly, we will help them find suitable mentors and board members who can act as guiding force by providing strategic inputs, business modelling, go-to-market strategies, connect them with other ecosystem players.”

Comment here