VC Taskforce, an organization in Silicon Valley fostering collaboration in the venture capital community, announced recently that The Indus Entrepreneurs will receive its 2014 Innovation Catalyst Award for being a catalyst for innovation and entrepreneurship.
Also being honored this year is Indian American venture capitalist Vinod Dham, known as the “father of the Pentium chip,” who will be presented a lifetime achievement award for contributions to the venture capital ecosystem.
The awards will be presented at the 6th annual ICA gala Nov. 13 at the Palo Alto Hills Golf and Country Club in Palo Alto, Calif.
SVB Financial Group, the parent firm of Silicon Valley Bank, is the sponsor for the third consecutive year. SVB's wine division will be offering a selection of fine wines from several of its clients at the event.
Founded in 1992 in Silicon Valley, TiE is one of the largest global networks of entrepreneurs and professionals with more than 57 chapters in 14 countries. TiE Silicon Valley president Venk Shukla will accept the award on behalf of the organization.
Dham, founder and managing partner at IndoUS Ventures, led the team at Intel that developed the Pentium chip in 1993. He is a mentor, advisor and investor and sits on the boards of many companies.