TiE Chennai’s Mentoring Program for Young Entrepreneurs -“TiE MENTORS” formally unveiled

Chennai, October 12, 2010: TiE Chennai today formally launched TiE MENTOR – a mentorship program that is focused on guiding and fostering entrepreneurial spirit among young and next generation entrepreneurs. The program is structured based on recommendations from a comprehensive research conducted amongst various stakeholders in the city. A unique facet of the program is its one-to-one mentoring approach - which pairs an experienced and successful entrepreneur with a new one - combined with a global platform which makes available the experience of a galaxy of successful entrepreneurs from the global TiE community to the Mentee entrepreneur.
Commenting on the program, R Ramaraj, President, TiE Chennai said, “Mentoring has been an integral part of our ancient educational system. However, the concept of mentoring and offering guidance to build confident and successful entrepreneurs has been tried out systematically only in the past few decades. Today Mentoring is viewed as the most powerful support for entrepreneurs who dream to create the enterprise of tomorrow. This is one of the strong pillars of TiE. The program is quite structured with focused workshops for mentors and mentees. We have currently about 27 TiE Chennai members as Mentors and Mentees. We expect this to grow further in this year as we increase our emphasis and focus on this important aspect of nurturing entrepreneurship.”
According to Chandu Nair, a Charter Member and Leader of the TiE Mentor programme, “The initial response has been highly encouraging with SmartlearnWebTV and Schoolmate emerging as two success stories through the program. As the economy picks up further and opportunities abound, we expect this program to benefit more young entrepreneurs.”
Under the program, the Mentees get periodic (typically once a month) face to face interactions of about two hours with the paired mentor to discuss various aspects of the business and how to grow it. Apart from this, mentees also have the option to contact the mentors on an ad-hoc basis to bounce off specific concerns or issues. The Mentor, on the other hand, helps the Mentee by providing access to his network and contacts, besides offering guidance. TiE’s Global/ Remote Mentoring platform also provides opportunity for budding entrepreneurs to access, regardless of their location, a global pool of experts and successful businessmen from within the TiE fraternity.

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About TiE Chennai: TiE Chennai is the Chennai chapter of The Indus Entrepreneurs (TiE), a global not-for-profit organization that helps budding entrepreneurs by way of advice, guidance and assistance from successful and experienced entrepreneurs and professionals. It currently has over 350 members, including 90 charter members. Founded in Silicon Valley in 1992 by successful entrepreneurs and professionals with roots in the Indus region, today, TiE has 55 Chapters in 13 countries, spread across 5 continents. The TiE ecosystem comprises 11,000 members and 2,500 charter members, who are the top entrepreneurs, venture capitalists, lawyers and management professionals in their chosen field. For more information on TiE Chennai, visit: chennai.tie.org

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