TiE Silicon Valley Facilitates Indian Startups for US Market Expansion
TiE Silicon Valley, a leading organization for entrepreneurs in the United States, is currently dedicated to training, mentoring, and assisting Indian startups in expanding their presence in the US market. The organization's leader emphasizes this commitment to supporting entrepreneurs in the Indian IT sector. "We see ourselves; TiE Silicon Valley is the gateway for the global entrepreneur. A bulk of those global entrepreneurs are coming from India", Anita Manwani, president of TiE (The Indus Entrepreneurs) Silicon Valley said.
TiE Silicon Valley has initiated the mentoring and support process for Indian startups aiming to establish a presence in the United States. Recently, the organization entered into a memorandum of understanding with the Indian government, specifically partnering with the Software Technology Parks of India, overseeing 22 entrepreneurship centers nationwide. This MoU facilitates a two-way exchange, enabling investors from Silicon Valley to engage with curated startups in India and vice versa. Indian startups will participate in immersive programs at TiE Silicon Valley to gain insights into growing their markets in the United States and navigating fundraising processes in the US.
"It's the North Star for all countries for taking the digital stack to the common man. It is amazing. Today 20 countries are using the Indian digital stack. I just heard them tell me that next year there will be 50. When you think about it, if there are more than 800 million people who are completely on the digital stack in India, here we are with a population of 300 million odd and we are nowhere close", Manwani said. Like in everything, just like in telecom, India's acceleration into mobile and 4G and 5G was a lot faster because they didn't have to go from analogue to digital.
"For the US we had to go from analog to digital. The challenge with all of us in the US is that a lot of our systems are digital in silos. So getting them all to talk to each other is a much bigger challenge than just introducing a new stack that India did. So yes, we are a little behind. Can we do it? We are Silicon Valley. We are America. And as a citizen of the United States, I feel very hopeful that we are going to get there with hopefully India's help," she said.
Describing it as India's decade, she said India is on such a winning track right now, that she feels proud to be of Indian origin. "I feel proud. Every time I go to India, and I've just come back, I see the freeways, I travel on the road a lot and I see trucks and I see new vehicles. The common man doesn't have to worry about heat anymore. The buses are air-conditioned, but it is just the amount of trade that is going on. That's evident when you are driving because you see all the logistics and how much construction also there's going on".
"India being the largest purchaser of the fleet from Boeing just puts India at a very different level right now in terms of a US context. I am very, very positive and very bullish on India. We keep our fingers crossed that there are no missteps because in the end, India is the largest democracy and in a democracy, strange things can happen. So we hope that the course that has been set by the current leadership will continue that way and the course and they will not deter from that course", she said.
