Pradeep Kar elected TiE, Bangalore Chapter president

Bangalore, August 23, 2006: Mr. Pradeep Kar, Founder & CEO of Microland, has been elected as President of The Indus Entrepreneurs (TiE), Bangalore chapter. In this capacity, Mr. Kar will provide strategic direction towards enhancing the entrepreneurial climate in Bangalore and further strengthening the city's connect with the global entrepreneurial and business eco-system.

Welcoming Mr. Kar on board, Mr. Sridar Iyengar, President TiE Global said, "TiE helps budding entrepreneurs through programs that cover networking, mentoring and education. We are confident that Pradeep will provide valuable leadership and support to TiE's cause of enabling budding entrepreneurs to succeed by scaling up and connecting with the global business environment."

On his vision for TiE Bangalore chapter, Mr. Kar stated, "The Bangalore chapter is one of the most vibrant in the TiE world. I look forward to strengthening the TiE vision of creating better informed and well connected entrepreneurs. Through our efforts, we hope to create a robust business environment while supporting entrepreneurs in the city, helping them leverage the benefits of our global network."

The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs through advice, guidance and assistance from successful & experienced entrepreneurs and professionals. TiE's greatest strength is the network through 44 cities in 9 countries that consists of successful & experienced as well as budding entrepreneurs, venture capital firms, angel investors, service providers, etc. TiE makes continuous efforts to interconnect this network in a way that delivers real value to all constituents.

The membership structure of TiE includes Charter Members, who are invited based on their accomplishments and willingness to help the next generation of entrepreneurs. The general or associate membership of TiE is open to anyone who pays nominal dues and can thus access the various activities and services that help them become better informed and better connected entrepreneurs. Charter members benefit and derive satisfaction by helping budding entrepreneurs. They also get opportunities to participate in start-ups in many ways as well as network with peers in the global business eco-system. Associate members benefit from the education, knowledge, inspiration, guidance, mentoring and, most importantly, the global connectivity that the TiE platform can provide.