TiE-Boston, which recently celebrated its 20th anniversary, Dec. 18 announced that it bestowed its highest honor, the Lifetime Achievement Award, to Indian American entrepreneur and philanthropist Venkat Srinivasan.
Srinivasan has founded eight companies and is credited with creating 1,800 jobs and over $2 billion in value for shareholders, according to a TiE Boston news release.
“I am honored and humbled that TiE-Boston selected me for this award,” said Srinivasan. “I salute TiE and the many charter members for fostering entrepreneurship so passionately. Entrepreneurship is a key solution to society’s many challenges.”
The serial entrepreneur was honored during the recent gala event attended by founding charter members, past presidents and over 300 guests.
“Venkat embodies the true spirit of TiE by building good companies, empowering employees and entrepreneurs, and giving back to solve big problems and help society at large,” said TiE-Boston president Praveen Tailam in a statement.
“He has been associated with TiE for a long time and has always inspired budding entrepreneurs by investing his time and capital, and is well-respected by fellow charter members for his philanthropic work,” Tailam added
Mark Nunnelly, former managing director of Bain Capital and a close friend of Srinivasan, paid rich tribute to the recipient at the gala, highlighting his many qualities as a remarkable entrepreneur who at the end has a deep desire to leave the world a better place than he found it, the organization news release said.
Srinivasan received three professional degrees, spent seven years in academics, becoming a tenured professor before he left Northeastern University. He has written over 35 research papers, published three books, received seven patents, founded and sold four companies and currently serves on the boards of six companies and three non-profit organizations.
The Indian American has also recently founded EnglishHelper, KnowYourMeds and AIinGov, all of which are double bottom-line enterprises focused on education, health and the public sector respectively.
Venkat and his wife, Pratima, are active in the community, the organization said. He is a vice-chair of the American India Foundation and a trustee of BUILD, a nonprofit focusing on entrepreneurship to excite and propel disengaged, low-income students through high school to college success in the U.S.
The Boston-based organization, which was founded in 1997 as TiE-Atlantic and is TiE Global’s second oldest and second largest chapter, also honored 13 other entrepreneurs in various categories during the event.
Eight entrepreneurs — Anil Agarwal, Veera Anantha, Nilanjana Bhowmik, Neil Chedda, Bhaskar Panigrahi, Ramji Raghavan, Jagat Sisodia and Satish Tadikonda — were awarded with the Entrepreneurial Achievement Award.
Additionally, the Distinguished Service to Philanthropy went to Sekhar Naik; the Health Innovator of the Year was Derek Haas; the Rising Entrepreneur of the Year was Allis Tweed-Kent; Charter Member of the Year was Rishi Bhalerao; and Volunteer of the Year was Arjun Venkatachalam.