What is Venture Engine?
Ever since Venture Engine launched in Sri Lanka in 2012, it has been empowering entrepreneurs, giving them the opportunity to launch their ideas into fully fledged products. Now, that initiative is about to become bigger. Held on the 28th of June, the launch of the Asian Business Angel Forum & Venture Engine 2017 kicked off at the Cinnamon Lakeside.
What is the Asian Business Angel Forum?
In case you were wondering, the Asian Business Angel Forum or ABAF is Asia’s only investor conference that brings together Angel Investors, HNI’s, Venture Capitalists and other key stakeholders to one platform that focuses on global startup trends and best practices among a host of topics, attracting over 250 leading investors from across the Asian, Asia Pacific, Middle East and Australasian regions.
Venture Engine was honoured at the Asia Responsible Entrepreneurship Awards (AREA) in 2014, and since 2012, has brought together investors with collective investments of over Rs. 2 billion across 25 local startups as part of a breakthrough effort to reshape the future of Sri Lanka and its economy through the injection of seed capital enabling our local startups to scale globally.
What can we expect for Venture Engine 2017?
With regard to Venture Engine 2017, the applications are already open since the 28th of June 2017 and will carry on till the 9th of August 2017. The best business ideas will be selected for a program of rapid improvement over the course of five workshops with filtering and mentoring between sessions. If you are an early stage company or startup with some customer validation and revenue or if you’re looking to carry out a series A funding, then applications are open. Former Venture Engine sponsors and venture capital firm Aavishkaar will serve as platinum sponsors to the event together with Orion City as the Silver Sponsor and Dialog as the Official Telecommunications Sponsor.
What about the ABAF Programme?
Following the finale of Venture Engine 2017 on 11th October 2017, the ABAF programme will commence on 12th October at the Cinnamon Lakeside which will include an opportunity for the Venture Engine finalists to present their ideas to ABAF participants. The opening of the conference on the 12th will be followed by an exhibition held in parallel featuring ten stalls, including five stalls reserved for Sri Lankan startups with the balance featuring exciting new startups from across the Asian region. The exhibition will be open to all visitors, and will provide a platform for startups looking to scale upwards in the region to raise their next round of funding.
The main conference which will be hosted along the theme “Cross Border Investing in Startups”, will feature regional analyses of what is trending in the startup scene. This will be followed by extensive technical training sessions and panel discussions on how to drive exits featuring a highly distinguished line up of international speakers before concluding on 13th October with a half-day tour of Colombo City for foreign delegates. Early bird registrations for ABAF are open from 28 June with a standard ticket for locals being priced at Rs. 25,000. However, if you are a member of the Lankan Angel Network (LAN), then you can participate free-of-charge.