TiE-Lumis Partners announce Awards for Entrepreneurial Excellence

To honour winners at the TiEcon Delhi 2012 on Sep 28

Online entries close end August 2012

New Delhi August 28, 2012

The New Delhi-NCR chapter of The Indus Entrepreneurs (TiE), the world’s largest body of entrepreneurs, in association with Lumis Partners, a PE (private equity) fund focused on business services companies, has announced the TiE-Lumis Partners Excellence Awards to recognize excellence among entrepreneurial companies set up less than five years ago.

Companies built on differentiated ideas by young entrepreneurs that have successfully scaled their operations through meticulous execution in the last five years will be selected by a panel of judges drawn from senior TiE members.

Of the shortlisted finalists, three young companies and the zealous entrepreneurs who made them successful with their grit and determination will be presented with the award.

“While the TiE-Lumis Partners Awards spot differentiated ideas nurtured through innovative execution they will also serve to laud the passion of the young entrepreneurs who overcame tough challenges to create new markets for their products,” says Ms. Geetika Dayal, Executive Director, TiE Delhi- NCR.

“Many of the past winners continue to serve as a source of inspiration for the wannabe entrepreneurs even today,” Ms. Dayal added.

Ms Dayal said eminent thought leaders on entrepreneurship, start-up strategists, fund managers and TiE members will share their inspirational stories, knowledge and expertise at the seventh TiEcon conference.

“Organisations like TiE have created an excitement around entrepreneurship and ignited passion among its young men and women to explore and build new businesses. TiE-Lumis awards serve as a platform for budding entrepreneurs to benefit from mentoring, networking and benchmarking,” says Mr. Sandeep Sinha, Managing Partner, Lumis Partners.

Organisations and individuals from private independent entities operational for less than five years (not a subsidiary of a large firm) can enter their nominations online at http://excellenceawards.tiecon-delhi.org/ by August 31.

For clarifications, individuals may write in to manish@tiecon-delhi.org.

The jury will evaluate the entries on the basis of the applicants’ understanding of the market vis-à-vis product placement, differentiators, value proposition and social impact. The applicants should have achieved a turnover of over Rs. 1 crore or have at least five paying customers. The shortlisted finalists will be invited to present their idea at the TiEcon Delhi 2012. The three winners will be honoured on September 28, 2012.

Previous winners of TiE-Lumis awards include:

2011: Capillary, Innovz and CoCubes

2010: iXiGO, Business2Rural (B2R) and Canvera

2009: AIESECT, The Loot and mChek

2008: MakeMytrip, VLCC and RT Outsourcing now known as inTarvo

Over 1,000 entrepreneurs across sectors are expected to participate in the two-day TiEcon Delhi 2012 that kicks off on September 28 in New Delhi. The event will host a series of interactive sessions with entrepreneurs, investors, industry leaders and other stakeholders.

The annual conference will offer attendees an opportunity to learn about

entrepreneurial firmament in a variety of sectors.

About Lumis Partners

Lumis Partners is a private equity fund focused on investing in business services companies leveraging technology and global operations to grow and succeed.

Lumis has a rigorous and disciplined investment philosophy, as well as an intense focus on operational participation. It’s operating experience and global resource network allows it to attract and infuse superior management teams with significant operating expertise. Whether it is managing growth and scaling up, or strategic focus and product offering transformation, or operating process excellence, it has a core team of industry established professionals, and an extensive network of senior executives and specialists with a track record of having delivered exceptional value in similar situations in the past.

About The Indus Entrepreneurs (TiE)

The Indus Entrepreneurs (TiE) founded, in 1992 in Silicon Valley, by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region currently has over 13,000 members and over 2,500 charter members in 61 chapters across 15 countries.

TiE's mission is to foster entrepreneurship globally through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE's focus is on generating and nurturing the next generation of entrepreneurs