Last year we saw CIMA Launch Pad 2015 take flight to nurture the entrepreneurial thinking among students from Local and Private Universities, CIMA Institutes, Corporate firms, Individuals and Volunteer Organizations.
Promising bigger and better opportunities for the business startup community in Sri Lanka, CIMA Launch Pad 2016 is back. This time, in the form of a well-structured incubation model has been recognized as a pivotal platform for young budding entrepreneurs to meet fruition and expedite the stages between ideation and execution of their business start-up while encompassing the necessary skills, confidence, understanding and partnerships along the way.
In addition, CIMA Launch Pad 2016 has also renewed the partnerships with MAS, PWC, SLASSCOM for the second consecutive year. Startup Sri Lanka is a new addition to the partnership this year. As for the Print Media partners, it will be Wijeya Newspapers, while the Radio Partner and Digital Media Partner for the event are Fox FM and Readme respectively.
This year, things will be a little different in order to improve the experience of budding entrepreneurs and provide them with key success factors and perspectives. These will help them position themselves better for the first round of seed funding. As such:
- Each team that enters CIMA Launch Pad has to have a prototype of their Product/ Service. A prototype is defined as a blueprint or sufficient primary research of the product/ service that the teams intend to launch.
- There are 5 categories that CIMA Launch Pad will focus on for this year (Fintech, IoT, Tech Gadgets, Digital Advertising and Marketing, Other Industry Disruptions)
- The ability for the shortlisted teams to work with a tech hack team to develop their prototypes during the course of the competition
- The inclusion of the most important perspective which is the customer perspective. A leading market research firm will work with the teams in providing them with the customer perspective of the product/ service that they have developed.
CIMA Launch Pad aspires to transform the perception of startup entrepreneurs from the sentiment which denotes the fact that ‘we need any investor with money’ to ‘we need a strategic investor with synergies’ The winning team has amazing opportunities that would boost their business startup along with start-up bundles provided by our global brands that will help take them further into their journey to become the next big disruption in Sri Lanka.
The Call for applications has already begun as of the 1st of September 2016 and will continue till the 1st of October 2016. From there the Shortlisted applicants will be announced on the 3rd of October. The grand final will be on the 27th of November.
If you haven’t registered for CIMA Launchpad 2016, you can do so by clicking here. If you wish to learn more about the event, you can do so by clicking here. Should further clarifications and information be required, you can contact Shakir 0771 393949 or Sashini on 0778 681830.
To all those participating: May the odds be ever in your favor.