The TiE Chennai Entrepreneurial awards kick-start TiECon and generates a lot of interest in the wider entrepreneurial ecosystem.
Every year, an esteemed jury deliberates on the nominations received and selects the winner. This year, the jury has initiated a new award category – ‘Young Entrepreneur of the year’.
The award committee is lead by Mr. Gopal Srinivasan, TVS Capital Partners.
Dr.N. Sundaradevan, Principal Secretary, Industries has kindly agreed to chair the jury panel.
The members of the award jury include esteemed luminaries from the entrepreneurial world – each a past awardee: Ms. Hemu Ramaiah, Dr GSK Velu, Ms. Rajshree Pathy, Mr. Ravi Appasamy and Mr. Vasudevan.
Partners for TiE Chennai Entrepreneurial awards 2011
- Ernst & Young
- IIT – Madras, DOMS
- Venture Intelligence
The various award categories are
- Young Entrepreneur of the Year: (less than 30 years of age)
This award recognizes young entrepreneurs who have succeeded in setting up a business enterprise around an idea, grown the business to a stage where it has gained acceptance of customers and started generating revenue, and importantly, created perceptible shareholder value. This is a new award category introduced by the Jury.
- Social Impact of the Year:
This award recognizes a stellar performance by a Social entrepreneur – someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change.
- Woman Entrepreneur of the Year:
This award recognizes successful women entrepreneurs in any industry, who have started a business and created value in a demonstrable manner. The awardee should have exhibited the ability to scale up an idea or start-up and grow it into a sustainably, profitable organization with a track record of at least five years.
- Extreme Entrepreneur of the Year:
This award recognizes entrepreneurs who have created successful organizations and grown them for about 10 – 15 years to a stage where they have gained global recognition for their achievements. Such an entrepreneur would have navigated his/her venture through periods of success and tough times, and perhaps fallen down several times before picking up the threads again to resurrect the organization.
- Serial Entrepreneur Award:
This award recognizes entrepreneurs who have been successful in creating multiple ventures one after another and importantly, having succeeded in creating shareholder value in a majority of them. The awardee would exhibit the uncanny knack to spot a business idea, set up a venture to commercially exploit the idea, demonstrate the ability to scale up the business, and have a track record of value creation.
- Start up Entrepreneur of the Year: (less than 3 years)
This award recognizes start up entrepreneurs who have succeeded in setting up a business enterprise around an idea, grown the business to a stage where it has gained acceptance of customers and started generating revenue, and importantly, created perceptible (even if not directly measurable) shareholder value in a short period of time (typically less than 3 years).
- Entrepreneur of the Year:
This award recognizes successful entrepreneurs who have created a business enterprise and nurtured them to financial stability. Such enterprises would typically have been in business for at least five years and the sustainability of the enterprise would not be in question. The awardee would have played a key role not only in the creation of the enterprise but would have spearheaded the stabilization of the business model, and created a capable top management team.
- Distinguished Family Entrepreneur:
This is a new category introduced in 2009 for established entrepreneurs in family businesses, spanning across generations.
- Dronacharya Award:
This award recognizes persons who have mentored, coached, and guided a number of entrepreneurs in achieving success with their respective enterprises. An awardee, while himself/herself may or may not have been an entrepreneur, but should have made an unexceptionable and visible contribution to his/her ward’s projects by way of guidance, leadership, and personal influence that have helped the business to become viable and sustainable.
- Lifetime Achievement Award:
This award recognizes entrepreneurs who have created enterprises that have not only created value for investors, but have also transformed them into enduring organizations which have had a deep beneficial impact on a wider community and society at large.