By INEN September 1, 2023
TiE Boston announced the winners of their highly-anticipated, annual TiE Boston Women’s Pitch Competition, which was held at PTC Headquarters in Boston’s Seaport. Leila Daneshmandi, Co-Founder and COO of Encapsulate won the first prize and will go on to represent TiE Boston at the TiE Women Global Pitch Competition in Singapore. The other winners of the event were Dr Ruchi Chauhan, Co-Founder and COO of NonExomics in second place; and Lori Sylvia, Founder and CEO of Rally Recruitment Marketing, took third place.
In an exciting live event, the TiE Boston Women’s Pitch Competition gave the floor to six female founders/co-founders to pitch for a chance to compete for prizes worth $10,000 in winnings at the event, as well as the opportunity to compete in the TiE Women Global Pitch Competition in November 2023 for a chance to win a $50,000 equity-free cash prize and investments worth $1 million. For the winner, Leila Daneshmandi, TiE Boston’s competition will prove as just one stop in the road map to compete in the TiE Women Global Pitch Competition at TGS Singapore in November.
Each finalist took the floor to deliver a concise pitch, attempting to appeal to Judges Punita Kumar Sinha, Founding and Managing Partner of Pacific Paradigm Advisors; Navjot Singh, Senior Partner at McKinsey & Co.; Sumeit Aggarwal, Co-founder and Managing Partner at Finhive; and Anu Chitrapu, Senior VP and Technology Executive at Bank of America.
The contestants fielded tough questions to paint a full picture of their startups. From dollar opportunity to exit strategies, the eight participants were put in the hot seat for Q&A after each pitch to ensure the judges could make a calculated and informed decision in selecting the winner.