Initiated in early April of 2013, MIT Global Start-up Lab started in Sri Lanka in order to empower young entrepreneurs to overcome their fears and to get them started with their ideas and their start-ups. It was observed that, our young entrepreneurs have brilliant ideas, but lack proper guidance and mindset to carry them out. That is where GSL comes in to support them, to encourage them and to assist them.
On January 16th 2014, ’Industry Day 2′ took place at Orion City Cafeteria, where the participants had to attend as a team or as individual components and pitch their ideas in front of the judge panel. Of course there was a ‘Mentor Involvement’ prior to this, few days back on 10th of January, guiding them on how to make ‘THE’ impression and how to present their ideas.
After much consideration, idea ‘Car Talk’ emerged as the ultimate winner
People were divided into groups and then they got 2 minutes each to pitch their ideas.
Some of the ideas that stood out from the rest were:
A USB device capable of finding boarding place nearby for University students, an App which will find the needful people or find people having same interests as you, a review check-in location based app, an app which allows you to deposit small amount of money via your mobile app. A wearable locket which can track people and another app which will talk on behalf of your car itself to find the perfect diagnostic for it.
After scoring them according to the judging criteria, the ideas pitched were shortlisted for Round 2, where they had to convince the judges furthermore in order to get into the next round. This went on for a while and at last, one team was selected as the winner. After much consideration, idea ‘Car Talk’ emerged as the ultimate winner. Reason for them to bag this was that they had it all planned out and they were ahead of all others there.
In the end, a round table discussion took place where the mentors ‘interacted’ with the participants and also cleared some doubts they had in them.
We hope this initiative brings out and shines the unpolished entrepreneurs, to make the country a better place by bringing foreign revenue in and develop themselves as well and the others.
You can find our previous articles regarding MIT Global Startup Labs here.
Industry Day One Live Blog
Industry Day Two Live Blog
Photo Album – Day One
Photo Album – Day Two