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TiE to Receive VC Taskforce 2014 Innovation Catalyst Award

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PALO ALTO, CA--(Marketwired - Oct 2, 2014) - VC Taskforce™, an organization committed to enhancing collaboration in the venture community, announced that TiE, The Indus Entrepreneurs, will receive its 2014 Innovation Catalyst Award (ICA). The ICA award recognizes venture community leaders for being catalysts of innovation and entrepreneurship. Also being honored this year is Vinod Dham, father of the Pentium Chip, who will receive a lifetime award for contributions to the VC ecosystem. VC Taskforce will present the awards at the 6th Annual ICA Gala to be held November 13, 2014 at the Palo Alto Hills Golf and Country Club.

VC Taskforce also announced that SVB Financial Group will be the hospitality sponsor for the third year in a row. SVB Financial is the parent company of Silicon Valley Bank.

This year's honoree, TiE, was founded in 1992 in Silicon Valley and today is one of the largest global networks of entrepreneurs and professionals with more than 57 chapters in 14 countries. Accepting the award on behalf of TiE, is TiE Silicon Valley President Venk Shukla. A long term charter member of TiE Silicon Valley, he pioneered the formation of TiE Angels to provide an organized platform for angels to invest in promising start ups among other contributions.

Lifetime accomplishments award honoree Vinod Dham, founder and managing partner at IndoUS Ventures, is a renowned entrepreneur, an originator and a venture capitalist. His work in semiconductors and chip designing (he helped create Intel's first flash memory chip) created a revolution in information technology. His contributions in developing the breakaway Pentium chip that debuted in 1993 earned him the tag of 'Father of the Pentium Chip.' He is a mentor, advisor and investor, and sits on the boards of many companies including promising startups funded through his fund -- IndoUS Venture Partners.

Hospitality sponsor SVB Financial Group, the parent company of Silicon Valley Bank, is a long term partner to the most innovative companies in the world as well as the premium wine industry. As part of its sponsorship, SVB's Wine Division will be offering a selection of fine wines from several of its clients.

The SVB Wine Division specializes in commercial banking for premium wineries and vineyards and the industries that support them. Founded in 1994, SVB's Wine Division has offices in Napa and Sonoma counties and serves clients in the fine wine producing regions of California, Oregon and Washington.

Music for this year's gala is being provided by the Magnolia Jazz Band. The band has performed at the last three ICA galas.

Early bird pricing (until Oct. 31) for the gala is $250 per person or $450 for two tickets and includes fine wines, exquisite hors d'oeuvres and dinner. Sponsorships are available at $25,000 (Chairman), $15,000 (Executive), $10,000 (Director), and from $7,500 to $4,000 (Tables).

Advance reservations are required and tickets can be purchased in advance. For information about the gala or a sponsorship, contact June Riley at june@vctaskforce.com. Gala tickets can be purchased on the website here.

About the Innovation Catalyst Award
VC Taskforce established the ICA in 2009 with the purpose of acknowledging and celebrating the contributions made by visionary leaders in the investment community. In 2013, VC Taskforce honored legendary female venture capitalist Ann Winblad, founding partner and managing director of Hummer Winblad Venture Partners. The 2012, 2011, 2010 and 2009 honorees were the Draper Family, Reid Hoffman, Richard "Dick" Kramlich and Franklin "Pitch" Johnson, respectively.

About VC Taskforce
"Enhancing collaboration in the venture community"
Founded in 2001, VC Taskforce is an organization that provides forums for real-time information exchange and dialogue through a series of networking events, panels, keynote discussions, workshops and roundtable meetings conducted by investors and business and industry experts that support venture capitalists, institutional investors, angels, companies looking for funding and venture-backed company executives in managing their businesses for maximum success. Visionary thinking, uncensored questions and opinionated discussions around pressing issues that face members are hallmarks of events. Today, more than 17,000 members and participants have been actively involved in VC Taskforce. www.vctaskforce.com.

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