“TiE ScaleUp will add to the Boston entrepreneurial ecosystem; many entrepreneurs will find this program helpful to their growth in this competitive environment,” said Diane Hessan, CEO of Startup Institute.
Cambridge, MA (PRWEB) November 22, 2015
On November 19, 2015, TiE-Boston unveiled 15 companies who make up the inaugural cohort for TiE ScaleUp. TiE ScaleUp, a five month accelerator program, provides startups a path to breakthrough growth through access to investors, mentors and classes/workshops.
“The existing accelerators and entrepreneurship programs in Boston help founders convert an idea to a product and/or establish product/market fit,” explained Anuradha Yadav, Executive Director of TiE-Boston. “However, there are very few resources to help companies scale when they cross the seed funding threshold. We created TiE ScaleUp to address this gap in the entrepreneurial offerings and to work with founders on issues ranging from customer acquisition, operational excellence to growth capital and to help take companies to the next level.”
One of the strengths of the program is the targeted curriculum presented by world-class faculty from the top business schools. “Many entrepreneurial ventures fail not because of an inability to attract customers, but because of their failure to evolve their organizations. I’m excited to participate in TiE ScaleUp and help founders at this critical growth stage,” said Professor Ranjay Gulati, the Unit Head of the Organizational Behavior Unit and the Chair of the Advanced Management Program at Harvard Business School.
The program has also received strong acclaim within the local entrepreneurship community. “TiE ScaleUp will add to the Boston entrepreneurial ecosystem; many entrepreneurs will find this program helpful to their growth in this competitive environment,” said Diane Hessan, CEO of Startup Institute.
The inaugural class includes the following companies from New England, several of them being alums of MassChallenge, Harvard i-Lab, and the MIT 100K competition: Antera Therapeutics, ArtLifting, Biena, Birdzi, Inc., EnergySage, DropWise Technologies Corp., Disease Diagnostic Group, QMedic, Repsly, SPOT Park, Inc., StreetScan Inc., RueBaRue, VocaliD Inc., zakipoint Health, and Zyprr.
During the program, startups will have the opportunity to engage with investors through an initial and final demo day, peer to peer learning through CEO roundtables, tailored mentorship and workshops taught by world class academics and subject matter experts. TiE-Boston does not charge a fee to companies to participate in the program nor does it take an equity position.
Brown Brothers Harriman (BBH) is a Founding Anchor Sponsor of TiE ScaleUp. "We are excited to partner with TiE-Boston on this innovative program to help entrepreneurs scale their companies. Not only is innovation the lifeblood of our own company, but for nearly 200 years, BBH has supported entrepreneurs as they create and build successful businesses. We are honored to be involved in and contribute our expertise to this terrific initiative," said Jared Keyes, Partner in BBH's Private Banking business in Boston.
Since 1997, TiE-Boston has been supporting entrepreneurs by offering education, mentorship, networking, and funding opportunities. TiE-Boston connects entrepreneurs with each other and other stakeholders in the ecosystem, including seasoned serial entrepreneurs, angel investors, venture capitalists, service providers, and early customers. TiE-Boston is a chapter of TiE-Global, the largest global not-for-profit organization fostering entrepreneurship. TiE-Boston members leverage the global network of members from 61 chapters in 18 countries. TiE has 12,000 members throughout the world, and has contributed over $250 billion in wealth creation. For more information about TiE-Boston, visit boston.tie.org.