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TiE Young Entrepreneurs Introduction

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2. TiE Carolinas
C a r o l i n a s
Local chapter of international entrepreneurship organization (56 chapters)
Not-for-profit organization aims to foster entrepreneurship in Carolinas
Provides networking and mentorship
3. TyE Carolinas
C a r o l i n a s
TiE Young Entrepreneurs (TyE): A business plan competition
Unique program for high schoolers to encourage entrepreneurship
Prize money: $5k at local, $25K at global competition
RTP hosting TyE Global competition in April 2011
Empower our Youth to become Entrepreneurs
4. TyE Process
C a r o l i n a s
9th-12th graders educated on entrepreneurship and running a business
Instructors are successful entrepreneurs and professionals
Compressed MBA of 6 months
Understanding of business plan and execution
5. TyE Process
C a r o l i n a s
Teams create business plan
Teams compete at the local chapter level
Local winner goes to global competition
6. TyE Global Competition - 2011
C a r o l i n a s
9 participating teams
7 teams in RTP. 2 teams via Tele Presence
Investors, entrepreneur judges pick a winner
Judges for Global Competition
MadhuBeriwal, CEO IEM
Jason Caplain
Dr. Tom Miller
David Rizzo
Gen. Hugh Shelton
7. Competing Teams
C a r o l i n a s
8. TyE Global Competition - Winners
C a r o l i n a s
TyE Austin and TyE Carolinas [Co-winners]
TyE Boston
TyE Delhi, India
C a r o l i n a s
Teacher workshop held on April 30
Explained TyE curriculum
Wake County Schools interested in pursuing a partnership
Joint course content
Collaborate on instruction
10. TyE Carolinas Team
C a r o l i n a s
TiE Carolinas President:Sammy HaroonSammy is on the Board of The RBR Group, an innovation management organization leveraging his methods of Invention To Innovation (I2I) and Accelerated Business Commercialization (XBC) delivering product innovation strategies in the energy, consumer products and technology sectors. He is President (2011-2012) of The Indus Entrepreneurs Carolinas; TIE is the worlds largest non-profit entrepreneurial organization. Sammy is on the Board of Advisors at University of Oklahomas School of Aerospace and Mechanical Engineering. He is a lecturer on Rapid Product Innovation at Georgia Institute of Technology where he received his Nuclear Engineering degree as well.
TyE Chair:Jim VerdonikJim is an attorney in the Raleigh/Research Triangle office of Ward and Smith, PA. His legal career began in New York in 1977 with the international law firm, Fulbright & Jaworski. He has practiced in North Carolina since 1985. Mr. Verdonik's practice experience focuses on corporate and securities law, including both transactional and counseling work. His transactional work includes public and private securities offerings and syndications, venture capital investments, mergers and acquisitions, and corporate partnership transactions and technology licensing on behalf of both public and private companies. Mr. Verdonik has advised companies in more than a billion dollars of capital raising transactions . Jim Verdonikis a charter member of TiE Carolinas and will lead the TyE program for 2010.
TyE Program Manager: Abhi Muthiyan
Abhi is the co-founder, Chief Technology Officer, of Patagonia Health. At Patagonia Health, he is creating the next generation of Health IT applications for small practice physicians. Abhi Muthiyan is an unique combination of a technologist and a business person. At Symantec, he identified market gaps and revenue streams to develop products and features. As an architect and innovator, he holds patents in Storage Area Networking space.Abhi was the Program Manager for TyE 2009 and will continue to lead this program for year 2010.

TyE Coordinator: Bindu Singh
Bindu as a teacher and an employee of Wake County for the past eleven years, has the organizational skills and extensive experience in managing students. Her employment with Wake County has given her the experience to handle multiple ongoing tasks on a daily basis and work on a team setting with parents and students at all levels of academic achievement.She is also famous for her superfluous people skills, which she has acquired over the years by being an active member of several Indian organizations in the triangle area. Bindu was the ProjectCoordinator for TyE 2009 and will continueto work in this program for year 2010.

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