TiE M'luru announces tie-up with TiE B'luru; to help growth of technology in Silicon Beach of India
Mangaluru: TiE Bangalore, a global non-profit organization "of the entrepreneur, for the entrepreneur and by the entrepreneur," has formed the TiE Mangaluru Satellite Chapter with 10 Founding Charter Members, led by Rohith Bhat, Founder of 99Games/Robosoft as its President. Other Founding Charter members include Praveen Kumar Kalbhavi, Ram Acharya, Shylaja Rao, Rathnakar Bhat, Suyog Shetty, Shyamprasad Hebbar, Ravi Haldipur, Prasanna Shenoy, and Shilpa Bhat.
Rohith Bhat, Founding President, TiE Mangaluru Satellite Chapter, said, "The Silicon Beach ecosystem is brimming with talent, energy, enthusiasm and entrepreneurial spirit! With 25+ engineering colleges producing 10k+ engineers every year, 15+ incubators, 125+ startups across Fintech, SaaS, Gaming and Healthtech, and with 100+ technology companies employing 15,000+ engineers and generating $375 million in revenues, we are well on our way to becoming the next technology hub in India."
Madan Padaki, President of TiE Bangalore, added, "We are delighted to partner with Rohith Bhat and the dynamic team of founding Charter Members to create a much more vibrant entrepreneurial ecosystem in the Silicon Beach of India. We look forward to working together in bringing the best of TiE’s global initiatives to this region. In this context, happy to share that the TiE Global Summit, the flagship event of TiE globally is coming to Bangalore, Karnataka in 2024 and this mega-event will be jointly hosted by TiE Mangaluru, TiE Mysuru and TiE Hubli."
TiE Mangaluru Satellite Chapter will provide mentoring, networking, education, funding, and incubation opportunities to entrepreneurs. TiE Mangaluru also thanked its Founding Sponsors, including Robosoft Technologies, Novigo Solutions, Niveus Solutions, and Julius Baer.
The Silicon Beach of India comprises Dakshina Kannada, Udupi, and Uttara Kannada districts, and is home to over 225 technology companies, including startups. This region has 25+ engineering colleges graduating 10,000+ engineers every year, 15+ incubation centers supporting 125+ startups, and over 100 technology companies employing 15,000+ engineers and generating over Rs. 3,000 crores in revenue per year. The region closely follows Bangalore in key development indices such as per capita income, per capita GDP, and top exporting districts. However, it surpasses Bangalore in crucial areas such as Literacy rate, Class 12 pass percentage, Human Development Index, Safety Index, and Women literacy. The region is also home to long stretches of pristine beaches that run parallel to the magnificent Western Ghats.
TiE Mangaluru Satellite Chapter is set to become a crucial hub for entrepreneurs and startups in the Silicon Beach of India, with its focus on fostering entrepreneurship through mentoring, networking, education, funding, and incubation.
TiE was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, & senior professionals. Over the last 25 years of existence TiE Chapters around the world has become a vibrant platform for entrepreneurs, professionals, industry leaders, and investors to interact with one another and forge long-lasting relationships.
There are currently 15,000 members (including over 3,000 charter members or mentors) in 61 chapters across 14 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, education, funding, and incubation. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs. More at: https://tie.org/about/
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Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
