An entire weekend. Thirty startups. This was an event that was in the making ever since Venture Frontier Lanka was officially launched. Many months later, thirty startups were selected. After they pitched, seven were selected to move onto the finals. None of them knew until their name was called. These are the startups we saw at the Venture Frontier Lanka National Startup Challenge Finals.
The first amongst the many startups we saw move onto the finals was Million Spaces. They focus on connecting event organizers with venues. During their pitch, we learned that they currently list 1006 venues and see 500+ bookings. Additionally, the startup has plans to expand into Singapore and other Asian markets.
Up next, we saw a business that wanted to make the process of building apps easier. Spark Grid offers a platform that allows you to build an app without considering about code. Rather you can build apps with a series of components that you can combine together. Currently, the startup is in its early stages and is looking acquiring enterprise clients.
Afterward, we saw Ananke, which we’ve met before. Its goal is to make the implementation of IoT systems easier for enterprises. As such, they’ve built an IoT platform to allow developers to design such systems. Additionally, they’re also developing an app store that allows others to develop and sell IoT software in a manner similar to the Play Store.
Afterward, we saw at the Venture Frontier Lanka National Startup Challenge was Real Pixels. They want to introduce holographic displays to Sri Lanka. To that end, they’ve built their own range of holographic displays called Avina. Real Pixels aims to generate its revenue by selling and renting Avina units. Additionally, they also generate holographic content for the Avina.
Later, we saw Strive.lk, which has a goal of helping you become healthier. It describes itself as a “universal fitness membership to workout anywhere.” As such, it offers you access to a variety of gyms and exercise programs. Thus, introducing variety to your workout. It operates on a monthly subscription model giving you access to gyms along with workout activities and a pay as you model for individual classes.
And then we saw Idea Factory. Their goal is to help and encourage you to recycle plastic waste. To do so, they aimed to install machines that’d allow you to dispose of plastic waste. For doing so, they’d give you mobile reloads as a reward. The waste they collect would then be sold to recycling companies. Additionally, the machines would also feature a digital advertising platform to generate additional revenue.
The final startup we saw pitch at the Venture Frontier Lanka National Startup Challenge Finals was Multispectral. Their aim is to ensure you find healthy food when you go shopping for groceries. It aims to do so with a device that scans the food. Currently, the startup aims to sell the device to supermarket chains.
The winning startup
Ultimately, with every competition, there can only be one winner. However, there was a tie for third place, which belonged to both Spark Grid & Million Spaces. We saw Idea Factory take second place. And in the first place was Ananke. These were the winning startups out of the 30 that participated.
With the results announced, the Venture Frontier Lanka National Startup Challenge came to an end. However, it wasn’t only a series of pitches. There were multiple speakers with valuable insights for the startups that attended. We’ll be covering those as well so be sure to stay tuned.