TiEQuest 2010 competition accepting submissions

The Indus Entrepreneurs Toronto association (TiE Toronto), a not-for-profit organization created for the advancement of entrepreneurship in the Greater Toronto Area, is pleased to be hosting their annual TiEQuest business venture competition. TiE Toronto is a chapter of The Indus Entrepreneurs (TiE), headquartered in Silicon Valley, with over 40 chapters and 8000 members worldwide.

TiEQuest is an annual business venture competition held in Toronto to encourage entrepreneurship, engage emerging entrepreneurial talent and to foster the entrepreneurial ecosystem. Founded in 2005, the mission of TiEQuest is to connect entrepreneurs with angel investors, venture capitalists and fund managers.  tq

Attracting over 200 entrepreneurs every year, contestants include existing and emerging entrepreneurs, patent holders, university students and alumni across North America. TiEQuest offers over $150,000 in prizes to the winners. To encourage participation of youth, TiEQuest offers the New Entrepreneur Prize to the best student team. In addition, the top teams also have an opportunity to win up to $1,000,000 investment from sponsors.

TiEQuest is different from other business plan competitions as it also offers mentoring to the contestants. Contestants are able to pair with industry experts, successful entrepreneurs and professional advisors. As mentors, TiE charter members introduce contacts and invaluable insights.  Furthermore, the participants get an opportunity to present to the investors. In addition, the sponsoring funds offer expression of interest to the top teams. The competition is designed to go through multiple stages to help polish business idea and promote networking opportunities. The judging criteria include value proposition, marketability, viability, management strengths and investibility.

The deadline to register is January 31st and is fast approaching.  If there is anyone in the Techvibes community interested please visit the registration form HERE.