Andhra Pradesh IT Minister Nara Lokesh launched The Indus Entrepreneurs (TiE) Amaravati chapter and Angels Network AP chapter in Vijayawada on Wednesday. TiE, much similar to the other initiatives launched in Andhra Pradesh, will provide a platform that will encourage the growth of entrepreneurs. The Amaravati chapter is expected to boost the growth of startup ecosystem in the state.
The TiE, along with its Angel Network, will support the Andhra Pradesh Innovation Society (APIS) in order to accelerate its vision of creating a world-class technology startup ecosystem by fostering entrepreneurship.
Speaking at the event, Nara Lokesh was quoted as saying, “Entrepreneurship is a way forward and there should be an entrepreneur from family in the state both tech and non-tech area to build a strong entrepreneurship ecosystem.”
The TiE is a non-profit organisation that is based out of California. The organisation functions with a goal of encouraging entrepreneurs and currently consists of 61 chapters spread across as many as 18 countries. Since its inception in 1992, the TiE’s economic wealth creation is estimated to be around USD 200 billion.
In India, TiE has chapters present in the cities of Bengaluru, Pune, Hyderabad, Mumbai, Delhi, Ahmedabad, and Coimbatore.
Earlier in the day, state’s Chief Minister Chandrababu Naidu was present in Visakhapatnam to attend a three-day international conference organised by the Association of Lady Entrepreneurs of India.
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