TiE Boston Launches TiE Boston Foundation With a $500,000 Fund

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Nilanjana Bhowmik

BOSTON—TiE Boston, one of the region’s largest business organizations supporting the Massachusetts entrepreneurial ecosystem, has launched TiE Boston Foundation with a goal of $500,000 fund, TiE Boston President Nilanjana Bhowmik announced at the packed TiE Boston annual gala Thursday night.

She said the TiE Boston foundation, which has already raised three-fifth of the stated goal in a few days, will support and expand the TiE Young Entrepreneurs (TYE), an award-winning program that brings together high school aged youth to ideate, form teams and build a viable business in six months.

The foundation will help expand TYE and make it more accessible to a larger population in New England, Ms. Bhowmik said, adding that the foundation will be able to reach its half-million-dollar goal soon.

The following individuals have contributed to the fund so far:

Desh & Jayshree Deshpande

Jit Saxena

Samir & Nilima Desai

Subu & Viki Kota

Sushil Tuli

Renu & Kedar Gupta

Venkat and Pratima Srinivasan

Asha Dixit

Raj Goel

Neeraj & Jill Shah

Amar & Deepika Sawhney

Neil Chheda

Yash & Jigna Shah.

Ms. Bhowmik said that about 400 high school aged youth during the last 10 years.

The black-tie gala, wgich was Thursday, Dec. 13, at the Four Seasons Boston, also honor 14 recipients of its 2018 Entrepreneurship Awards. Serial technology entrepreneur Amar Sawhney was honored with Lifetime Achievement Award

Founded in 1997 by entrepreneurs who immigrated from the Indus region, TiE Boston champions inclusion in innovation by blending the fundamentals of entrepreneurship with traditional Indian values that place importance on community, mentorship and long-term relationships.

TiE Boston is one of the region’s largest and oldest organizations supporting the Massachusetts entrepreneurial ecosystem, focused on supporting entrepreneurs throughout their lifecycle — from ideation to creation, through growth, wealth creation and ultimately, support of future founders.

The TiE Boston community encompasses students, founders, experienced entrepreneurs, angel investors and venture capitalists. Its programs foster trusted, long-term relationships between its participants — span education, mentoring, networking and funding.

For more information about TiE Boston, visit boston.tie.org

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