What is John Keells Holdings?
John Keells Holdings is Sri Lanka’s largest listed conglomerate on the Colombo Stock Exchange. From the largest inventory of hotel rooms in Sri Lanka, owning a large private-sector-owned transportation business in the country and providing port and marine fuel services to IT solutions, manufacturing of food and beverages, running a chain of supermarkets, tea broking, stock broking, banking, insurance and real estate, JKH has made its presence felt in virtually every major sphere of the economy.
If you are a budding entrepreneur, or just someone with an awesome idea, the world can pretty much become your oyster.
Think you have what it takes to come up with a business model that’s going to shake a few trees? Then read on.
The Disruptive Innovation Challenge
For the first time ever, John Keells Holdings PLC, will be launching the inaugural John Keells X disruptive innovation challenge. This challenge is open for any person or team to create a disruptive business model for a monetary reward.
Basically, once selected, you will compete for a prize after going through the program of events in the Challenge. Along the way you will refine and develop a Minimum Viable Product or a fully-fledged business.
John Keells X will be accepting applications for the 2016 cycle from 1 July 2016. The actual event will take place in Colombo, Sri Lanka from July–October 2016 and applications are open to the public, including employees of the John Keells Group.
With a focus on disruptive innovations related to Consumer Foods & Retail / Financial Services / Information Technology / Leisure / Property / Transportation and Plantation Services, applicants are open to develop anything (although preferably linked to an existing business interest of the John Keells Group).
After the application deadline, all applications will be screened and shortlisted applicants will be invited to continue through to the next stage. These shortlisted applicants would then take part in the Open Day followed by the development window.
The final part of the programme would be the final Demo Day where teams would pitch their final products or concepts to a panel of judges.
A reward of Rs. 2,000,000/= would be given to the winner and Rs 1,000,000/= for 2nd place. In addition, these individuals would also receive further funding for commercial ventures.
If you wish to apply, you can do so by clicking here. The deadline for applications is 11 pm on 10 August 2016.
In addition, those participating would also gain access to the following:
- Dedicated support from the John Keells X team
- Access to key expertise in marketing, strategy, funding and networks
- Introductions to key decision makers within John Keells Holdings PLC
- Key insights on how to build relationships with John Keells Holdings PLC as a service provider or partner
- Insights from relevant industry experts across businesses including leisure, transportation. consumer foods and retail, IT, and financial services
- Opportunity to pitch your business at a Demo Day to a select invite-only audience
- Opportunity to receive extended support from John Keells Holdings PLC
As it goes without saying, we, the ReadMe team will be following the programme as and when it happens to keep you updated on what’s going on.
For more details regarding this event, click here.