TiEcon 2014: Fostering Entrepreneurship

The United States – India Science and Technology Endowment Fund (USISTEF) team participated at TiEcon 2014 organised at the Santa Clara Convention Center, Silicon Valley on May 16-17, 2014. TiEcon is one of the largest and longest ongoing conferences focused around entrepreneurship and tech innovation. The objective of participating in TiEcon 2014 was to provide larger visibility and outreach to the USISTEF activities in the United States.

During the TiEcon, a Tech Exposition was also held where the Endowment Awardees showcased their product and technologies and the Endowment Team carried out an extensive promotional exercise of the upcoming fifth call of the Endowment Fund. The Tech Expo offered the Endowment Awardees a unique opportunity to network with industry luminaries, VCs, successful entrepreneurs and seasoned executives at the TiEcon. On May 17, the USISTEF also participated in a panel session titled “Cross-Border Innovation spurs Entrepreneurship”. The panelists, Mr. H K Mittal (National Science and Technology Entrepreneurship Board) and Mr. Nilesh Shah (US Embassy) provided an overview of the objectives, timeline and process of the Endowment Fund. The panel discussion also provided an opportunity to deliberate about the priority areas of the Endowment Fund i.e. Healthy Individuals and Empowering Citizens. The panelists highlighted the technologies of the various Endowment Awardees which have been supported by the Endowment Fund and their societal Impact.

Dr. Pooja Mukul from Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) Jaipur, Endowment Awardee, delivered a brief talk on the ‘Affordable and user-centric knee joints’ which is currently being developed in partnership with Dr. Krista Donaldson, D-Rev (Design Revolution), San Francisco. Endowment Fund grantees, One Breathe Inc., was awarded in the TiE50 category for their work in the field of Life Sciences for their Low cost affordable mechanical ventilator.

The following Endowment Awardees showcased their technologies at the Tech Expo:

  • Mr. Michal Depa, Chief Technical Officer - Mobile Phone based HbA1c Analyzer
  • Mr. Nishith Chasmawala, Co-Founder & Chief Executive Officer, Consure Medical- A novel device to manage fecal incontinence in non-ambulatory patients
  • Mr. Ganesh Vishwanath, Founder of GloBridge Ventures LLC and Tanmaye Seth, Marketing Manager, Aquagri Processing Private Ltd., New Delhi-“Commercialization of cultivated sea plants based organic bio-stimulants for applications in the USA” submitted jointly with Abhiram Seth, Managing Director, Aquagri Processing Private Ltd., New Delhi.