Lufthansa and TiE takes India to a new height

first_imgIndia’s largest ecosystem for start-up success the, Start-up Expo, co-created by Lufthansa and The Indus Entrepreneurs (TiE) showcased business experts, investors, mentors, industry partners, government agencies, corporates and customers – all under one roof.Over the past five years, Lufthansa has empowered 150,000 entrepreneurs through its flagship program Lufthansa Runway to Success, a platform that has grown to become India’s largest SME stage. It has been a catalyst for some of India’s most disruptive start-ups such as Chaayos, Sattviko, Find My Stay, Heads up for Tails, Prozo amongst others.Taking forward the unprecedented success of the first Startup Expo held in 2016, the second edition featured over 75 investors, 100 partners, 500 mentors, 250 startup showcasing more than 10,000 attendees. It provided start-ups an opportunity to explore funding opportunities, receive valuable insights at expert workshops, engaged with government organizations and network and gain mentorship with potential clients and customers.Wolfgang Will, Senior Director, South Asia, Lufthansa Passenger Airlines, said, “Entrepreneurship is the driving force of the Indian economy. As an integral part of our Lufthansa Runway to Success initiative, the Startup Expo yet again brings alive our promise to be ‘More Indian Than You Think’.”This year too, Startup Expo attracted widespread support from organizations such as Department of Industrial Policy & Promotion (DIPP), Sequoia Capital, Unitus Seed Fund, IDG Ventures India, YourNest, Calcutta Angels, Ivy Camp; Indian Angel Network, Orios Venture Partner; IFC, Kalaari Capital, Saif Partners, etc.According to Geetika Dayal, Executive Director, TiE Delhi-NCR, “This is the collective strength of India coming together to fuel the drive and passion of young entrepreneurs.  As the largest global network fostering entrepreneurship, TiE’s core philosophy is to support startups and SMEs with opportunities and mentoring them for success. This is why our long-standing partnership with Lufthansa through initiatives such as Runway to Success and the Startup Expo is unparalleled.”last_img read more

Starwood Hotels Resorts has taken the first step

first_imgStarwood Hotels & Resorts has taken the first steps to spinning off its vacation ownership unit into a separate publicly traded company.In the process it will change its name from Starwood Vacation Ownership to Vistana Signature Experiences, Inc.The business was previously known as Vistana prior to the Starwood acquisition in 1999.Starwood has filed its intention to spin off the business with the U.S. Securities and Exchange Commission and expects to complete the process later this year.“Today’s filing is a pivotal step toward the planned spin-off of our vacation ownership business, which will allow us to continue participating in the timeshare industry while seeking to create stockholder value for both companies,” said Starwood’s acting CEO Adam Aron.“The spin-off will also further advance our asset light strategy with the planned contribution of five Starwood-owned resort assets to create future timeshare inventory.”Vistana Signature Experiences will initially have 22 resorts in the US, Mexico and the Caribbean and plans to transfer another five Starwood operated Westin and Sheraton resorts to the vacation ownership portfolio.last_img read more