COIMBATORE: With an idea to bring idealtors, start-ups and young ventures on a common platform with investors, TiE Coimbatore is conducting a ‘FundingCarnival ” (mudaleetu thiruvizha) on March 31 here.

“This will create an opportunity for start-ups and individual with innovative ideas to pitch their projects to potential investors–from Rs. 3 lakh to Rs. 3 crore depending on the project,” TiE Coimbatore Chapter President G. Karthikeyan told reporters here on Friday.

“Though many Tier-2 and Tier-3 towns are teeming with ideas that solve a lot of day to day challenges, they do not see the light of the day due to lack of access to funding and carnival will give a grate opportunity to these ideas and individuals,” he said.

The event is being presented by TiE, powered by Nan/Nativelead and PSG Step and supported by Chennai Angels and Kongu TBI, he said. Former India cricket captain Sourav Ganguly released the posters for the event.

Stating that nearly 225 applications have been received so far, he said that at least 1,000 applications are expected before the last date of March 10.

Shivaraja of Nativelead said that with an increasing culture of youngsters turning entrepreneurs India was witnessing a plethora of players who are ready to invest equity in good and profitable ideas and start-ups.