Usually, a word familiar to Startups is an “Accelerator” this is where a startup is invited to join a short term program where they would be shown the ropes of running a startup and also receive mentorship from experienced industry experts. If they’re lucky enough, they can even receive funding via investors or venture capitalists.
By comparison, a Decelerator is the complete opposite. Rather than a startup taking part in the rat race and bursting forward to goals unknown, a Decelerator program encourages startups to take a step back to look at what’s important. It helps them analyze their own business models and to see how they can develop their next stage of growth and now to get more investments, all in a calm and orderly fashion.
The Menorca Millennials is one such Decelerator, rather the only one of its kind. It takes place for 15 days on the Spanish island of Menorca, just off the shores of the iconic Mallorca and Ibiza. The programme only accepts startups that have received funding through previous ventures and have proved that they are capable of developing and sustaining a viable product. This is where HypeHash comes into play.
You’ve probably heard of HypeHash by now. From AngelHack, they presented at Disrupt Asia 2016 and they were also selected as the official ambassador for AngelHack 2017. They worked with Y Combinator which is an American seed accelerator and have also had meetings with companies such as eBay and HP. The team representing HypeHash at Menorca Millennials consist of Ravihans Watakepotha, Joe Lenora and Praveen Dayananda.
As HypeHash has previously received funding, that made it possible for them to apply for the Menorca Millennials program, which they did. The program for 2017, which takes place from the 1st of June to the 15th of June 2017, is highly competitive and they invest about 120,000 Euros per startup and only select best of the best. A total of 20 global startups are selected and they also get the chance to work one on one with Venture Capitalists.
During their 15-day stay at Menocra, the team at HypeHash learned that early company structuring is crucial and is literally a make it or break it scenario in the eyes of big VC firms. So equity dispersion at early stage is the most crucial thing for a global focused startup from anywhere. Sri Lankan startups need to really prepare and VC firms outside Sri Lanka pay very strong attention when the early stage equity at pre-seed and seed stage.
They also learned to keep the tech-base and IP in Sri Lanka, but also to incorporate in the US as a Delaware C corporation if you need to raise funds oversees. This is something that will always come up at some point and you should be ready to do it. Lastly, it’s important to not be afraid to re-think about what’s your core competitive advantage and align all your resources and personnel towards horning that essential core set of skills.
During their participation at Menorca Millennials, the HypeHash team might just get what they’re looking for in terms of investments and funding. We congratulate them on their efforts and wish them all the best in their future endeavors. If you’re interested in Menorca Millennials, you can click here to view more about them.
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What kicked off in 2011 as a friendly gaming event has now developed into a fully-fledged gaming tournament. With the goal of promoting team building, leadership, and planning, the Virtusa
What kicked off in 2011 as a friendly gaming event has now developed into a fully-fledged gaming tournament. With the goal of promoting team building, leadership, and planning, the Virtusa LAN Challenge 2018 is happening.
Semi-Finals of the internal tournament will take place on the 22nd and 23rd of January 2018 at Virtusa premises.
january 22 (Monday) - 23 (Tuesday)
Virtusa Pvt. Ltd. 752, Dr Danister De Silva Mawatha, Colombo 09
The main purpose of the workshop is to give students the ability to analyze and present data by using Azure Machine Learning, and to provide an introduction to the use
The main purpose of the workshop is to give students the ability to analyze and present data by using Azure Machine Learning, and to provide an introduction to the use of machine learning and big data.
Module 1: Introduction to Machine Learning
This module introduces machine learning and discussed how algorithms and languages are used.
· What is machine learning?
· Introduction to machine learning algorithms
· Introduction to machine learning languages
Module 2: Introduction to Azure Machine Learning
Describe the purpose of Azure Machine Learning, and list the main features of Azure Machine Learning Studio.
· Azure machine learning overview
· Introduction to Azure machine learning studio
· Developing and hosting Azure machine learning applications
Module 3: Managing Datasets
At the end of this module the student will be able to explore various types of data in Azure machine learning.
· Categorizing your data
· Importing data to Azure machine learning
· Exploring and transforming data in Azure machine learning
Module 4: Building Azure Machine Learning Models
This module describes how to use regression algorithms and neural networks with Azure machine learning.
· Azure machine learning workflows
· Using regression algorithms
· Using neural networks
Module 5: Using Azure Machine Learning Models
This module explores how to provide end users with Azure machine learning services, and how to share data generated from Azure machine learning models.
· Deploying and publishing models
· Consuming Experiments
Module 6: Using Cognitive Services
This module introduces the cognitive services APIs for text and image processing to create a recommendation application, and describes the use of neural networks with Azure machine learning.
· Cognitive services overview
· Processing language
· Processing images and video
· Recommending products
Feel free to contact us for any inquiries
uditha bandara – 0716092918
All Day (Wednesday)
ANC education ,310 R A De Mel Mw, Colombo 03 00300
Blue Chip Training0716092918
Startup Weekend is a global phenomenon - 54 hours of fast and furious prototype development through to exploring potential markets and pitching. It’s an unparalleled opportunity to build lasting relationships
Startup Weekend is a global phenomenon – 54 hours of fast and furious prototype development through to exploring potential markets and pitching. It’s an unparalleled opportunity to build lasting relationships with co-founders; mentors, and investors.
The real value comes from taking an idea from concept through to execution using Lean tactics and working under high pressure with the best startups.
26 (Friday) 5:00 pm - 28 (Sunday) 8:00 pm
Oak Ray Regency Kandy
Oak Ray Regency Kandy, No 9, Devani Rajasinghe Mawatha,, 20000 Kandy