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SANTA CLARA, CA -- (Marketwired) -- 04/08/13 -- TiE SV (http://tiesv.org/), the Silicon Valley Chapter of The Indus Entrepreneurs, announced today that submissions for TiE50 (http://www.tie50.net/TiE50Awards/), its annual awards program recognizing the hottest tech startups for 2013 will close on April 15th. The TiE50 awards program has attracted companies from more than 24 countries around the world. Winners will be announced at TiEcon 2013 (http://tiecon.org/).

"This year, we're seeing a strong mix of innovative early stage companies as well as mid-to-late stage tech startups with established credentials. Since its inception four years ago, the TiE50 Program has gained popularity and worldwide acclaim," said Ram K. Reddy, the TiE50 Program Chair.

"We're excited to see such a strong interest from the leading tech hot beds worldwide. The program has been a great success with over 94% of winners being funded within a year, and several of them being acquired, merged or gone public. We urge all tech startups to participate," said Venktesh Shukla, President of TiE Silicon Valley. Mr. Shukla also added, "The TiE50 awards program gives us the privilege of showcasing the smartest and brightest entrepreneurs, and the success of our past winners underscores the quality of our winners."

Previous winners include cutting-edge companies such as Bump Technologies, Cetas (now part of VMWare),CipherCloud, Claritics, FireEye, Mint (now part of Intuit), Pearl Therapeutics, Salorix, SpotZot, ViVu Inc., and Wildfire Technologies (now part of Google) amongst several others.

"Winning a spot in the TiE50 is a great moment of recognition for the entire Salorix team. TiEcon has a renowned track record of identifying companies that seek answers to difficult questions clients face, as well as those inventing technologies that create new markets globally. We are humbled by this recognition, and to be with such a high caliber of entrepreneurs is an honor," said Santanu Bhattacharya, CEO of Salorix and a TiE50 2012 winner.

For further details on the TiE50 and to register your company, please visit www.tie50.net.

About TiEcon:
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world -- including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

About TiE:
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.

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