Home latest news Live Blog – Global Startup Labs: Mentor Involvement – Industry Day

Live Blog – Global Startup Labs: Mentor Involvement – Industry Day

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Global Startup Labs: Mentor Involvement – Industry Day is scheduled to happen on 10th of January 2014 ta Open University, New CRC Building, 3rd Floor.

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And with that we conclude the industry day at Global Starup Labs 2014, hope you enjoyed the live coverage. We have the session recorded on video, which will be uploaded to our youtube channel. Look forward to having you join with another live blog soon.

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And with that we conclude the panel discussion

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Creativity is the key. In education, there is no limitation, its only by your imagination. There is large unaddressed market out there in gaming, and also think about usability. If you want to keep people playing game, remember to focus on usability. – Nalina, Pearson

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Fail, its fine, get up, keep going at it – Manju Fernando

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We would love to see innovative ideas coming out, it will cross pollinate and grow the industry – Manju Fernando

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don’t die with just a dream, keep pushing yourself – Manju Fernando

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Are entrepreneurs born or made? I don’t have the answer to that. Make your ideas commercially viable – Manju Fernando

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And the panel answers – There is a convergence with the introduction of COMET platform

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Another question from audience – Various telco companies have different solutions for mobile transactions, is there a way to have one standard platform to use in any situation when making payments?

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And the panel answers – yes there is the chip and pin solution, it is slowly being implemented in Sri Lanka. Its happening in India, we should soon follow suit

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A question from the audience – I am not good with putting my signature, is there a better method, some biometric solution?

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There are lot of opportunities, for millennial travelers, those born with technology, when they go to a destination, they will look at reviews before proceeding with a purchase, from restaurant visit to hotels – Udana

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With social media sites, there are opportunities where you can use your innovative brains to come up with new apps to help the industry.

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We used to look at tour guides when visiting a country, now we have mobile Apps – Udana Wickramasinghe from Sri Lanka Tourism

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Big data will come into play, you can collect so much info when learning online. How can you assure that people learn, that is opportunity there itself – Nalina

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My kid is learning maths online, earning badges, rewards, so many ways to learn – Nalina

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Nalina Wijesundara from Pearson tells the audience about gamification

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Manju Fernando gave the audience some good tips on how to proceed with a startup

From Press From Press Jan 10, 20144:30 pm

if you are in tech, you always want to start something new. Doing services was the easiest route to us when we were setting up Leapset. – Shanil

From Press From Press Jan 10, 20144:23 pm

How do we take an idea which is already prevailing in the industry and take it to the next level?

a question from the audience.

From Press From Press Jan 10, 20144:21 pm

Shanil concludes with this quote from Steve Jobs.

From Press From Press Jan 10, 20144:18 pm

It is easy to start a business than start being successful.
Be hungry – live your industry.
Read, read and read.

From Press From Press Jan 10, 20144:16 pm

Use SL as a test bed.
be prepared for failures.
celebrate simple success.
capital raising is not easy.
Be passionate about what you do. – Shanil says.

From Press From Press Jan 10, 20144:11 pm

These are disruptive products. We could do with these in Sri Lanka. It is not an easy ride at all.
Best done at the earliest than later, the better.

From Press From Press Jan 10, 20144:08 pm

Shanil says this will be his last video. Coin Cards. Enjoy

From Press From Press Jan 10, 20144:07 pm

Merchant to Consumer interaction will bring major significance to business.

From Press From Press Jan 10, 20144:00 pm

Do get a smartphone, or a tab some sort of it. That’s how consumers are evolving.

60% of the restaurants in US are still using cash registers, still.

From Press From Press Jan 10, 20143:57 pm

There are only about 1 Million restaurants in US alone. 600$B in turnover in 2013.
Shanil explains his industry.

From Press From Press Jan 10, 20143:55 pm

Disruptive Products are not complicated. they address a potential consumer market.
Build on top of a existing infrastructure.

From Press From Press Jan 10, 20143:53 pm

This nasdaq company covers 20k restaurants in the USA only.

From Press From Press Jan 10, 20143:49 pm

UberCab is similar as the OnlineCab App in Sri Lanka.

From Press From Press Jan 10, 20143:47 pm

Shanil shares this video with us too. Explaining the UberCab App and how it is functioned.

From Press From Press Jan 10, 20143:39 pm

AirBnbB was found by 2 design students. Shanil explains the whole process they went through.

6 year old company.
34K cities covered.
9M guests served.
Valued at 5B$+

From Press From Press Jan 10, 20143:35 pm

Shanil shares this video with us about a startup company turning into a Billion dollar comapany.

From Press From Press Jan 10, 20143:32 pm

Sony Walkman
Block Buster
Kodak
US News Paper Industry
Thomas Cook

these companies are destroyed. (disruptive innovations.)

From Press From Press Jan 10, 20143:29 pm

If you want to be a tech entrepreneur, start using Facebook.
Facebook has 9 years in business and it is valued at 126$B.

From Press From Press Jan 10, 20143:26 pm

Shanil now talks about Incremental Innovations VS Disruptive Innovations.

Incremental Innovations is a improvement brought to an existing process.
Disruptive Innovation is a radical change in the entire process. Create a new business model.

From Press From Press Jan 10, 20143:23 pm

Shanil Fernando will talk to the audiences now. He is the Managing Director at Leapset.

From Press From Press Jan 10, 20143:18 pm

Obviously it is a risk, but the payback very high at the end. I want you all to pay high attention to the talks. – Madu

Success not an individual achievement. Huge opportunities are coming.

Madu concludes with this quote by Steve Jobs.
”The people who are crazy enough to think they can change the world are the ones who do.”

From Press From Press Jan 10, 20143:15 pm

It is not about the money we worry about at SLASSCOM. The right mentor-ship is what counts. But we don’t have time in this quick moving environment. – Madu

From Press From Press Jan 10, 20143:11 pm

Starting a tech company 10 years would have sounded not happening at all. But it is a trend now. This is the right time to start. Not 2 years from today or 5 years later. Now! – Madu

From Press From Press Jan 10, 20143:08 pm

Madu Rathnayake, SLASSCOM Chairman, SVP- Virtusa Corp will address the gathering now. He is believed to be one the Industry expert in IT/BPM industry..

From Press From Press Jan 10, 20143:04 pm

And we Live again. That was a real quick break.

From Press From Press Jan 10, 20142:58 pm

Meeting customer needs, needs an answer too.

A small break and a networking session here until all the industry panelist arrive.
Crowd disappears.

From Press From Press Jan 10, 20142:54 pm

If you have a question regarding one industry, you should speak up about it and try to solve it.

Psychology interests, choices, rapidly changing technology, agile and high cost are some of thr major challenges we face in Sri Lanka regarding Revolutionary Education.

From Press From Press Jan 10, 20142:46 pm

Even revolutionary education system got us thinking as well.

What are the major challenges?
How have competitors addressed them? etc…

From Press From Press Jan 10, 20142:44 pm

An overview is happening right now, and Madu Rathnayake – Chairman SLASSCOM, Vice President of Virtusa corp and CEO of Leapset, Mani Kulasooriya will be joining us as well.

From Press From Press Jan 10, 20142:42 pm

We are Live from the event, Global Startup Labs: Mentor Involvement – Industry Day , happening right now at Open University CRC Building.

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