Stay tuned with us.
The event is scheduled to start at 6.00 PM. Team digit is prepared to bring you Live Updates on the event as it happens.
Event info including the agenda, can be accessed here.
Good Night. diGIT team, signing off.
Thank you folks for turning up. Catch you all in another event.
Since it is almost 9 and late, the crowd disperse quickly.
Indu give away some pointers to ponder on. Thanks everyone.
Romesh concluded. He is up for QnA session.
Education is a part of entrepreneurs now.
Academia now train high education to students to build businesses.- Romesh
Romesh recalls an incident which took place at the Uni, to him where they came up with a data mining prediction system for a friend.
Nurturing startup model:
Patent costs are met by Unis.
Advice and Mentoring provided.
Gives back 90% of the ownership of the startup, back to the student.
Most universities, therefor are switching to a ‘nurturing start-ups’ model. – Romesh
Licensing and Patenting has been proven to be successful for only few universities around the world. – Romesh
Romesh talks about the rise of Doctorates.
Disruptive innovation through research, is the topic Romesh is about to talk.
Romesh Ranawana, Chief Technical Officer of SimCentric Tchnology is up next to present his speech.
” The boat matters more than the rowing. ” With that quote, Jayomi concludes.
Competition is a must as well. Which will motivate you to do better and bring out the best in you at times. Different outputs might come into the market.
Marketing budget is something to tackle. Have allocation which would save you more. – Jayomi
Size are the objections you can face as hurdles in your journey.
Failing to validate
Failing to seek strategic buyers
Handling sales strategies properly can be more critical than researching and developing the product itself. – Jayomi
How do you get users to beta test your apps until its popular and how do you make it popular enough to make users to beta test it?
This is the problem.
Starting a Startup is like ‘Chicken and Egg problem’.
In my context, our original idea was to launch a mobile research platform.
She is about to talk on ‘turning your idea into a great business’.
She says in their way along, they have done a hell lot of mistakes and they learnt from them. Those lessons brought them here.
Jayomi Lokuliyana will talk to the crowd next. She is the CEO and Co-founder of zMessenger.
Your customer don’t know that they have problems. There is a way of letting them know.
Build in small batches.
Test with customers.
And start now.
Chandika is talking about Customer development.
Shadow belief #1- We knew what the customer wants
#2- We thought we accurately could predict the future – Chandika
Our outcome was that we had no customers, No money, no revenue and no morale.
But we had a plan. We were focused on a single market. – Chandika
In 2007 when Cinergix started, we were a Intelligent Visual Modeling Software creating company. -Chandika
Change direction, but don’t stop learning.
What do most of the successful startups have in common? They all weren’t what they are today when they all started. Eventually they evolve. – Chandika
It is important to get into the market rather than just growing. Or else how would you know if your product fits the market ot no?
It sucks when you do some new stuff and fall bottom ground.
This is what Chadika is talking about.
A startup got nothing to do with the size of the company or the sectors of the economy. It is a human human institution. – Chandika
Most startups fail. You can’t be the only one who come up with ideas. There might be dozens of people who get the same idea as you, but it is all about expressing and implementing it. – Chandika
Chandika says that Creately was their very first product and it is still is cherished bu the global users of it.
Our next speaker would be Chandika Jayasundara. Who is the CEO and the Co-founder of Cinergix. He intends to talk on ‘running a lean startup’.
Rasika also gives a small intro and his views on MIT Global Startup Labs and introduces Ruwindu Peiris to the audience.
Rasika concludes and he is getting question from the audience.
Around 250 Millions were invested in food start-ups only in the year 2013 in US. – Rasika
Merchant to consumer interaction, touch screen virtual menus and so much can be implemented. – Rasika
Since Leapset is into Restaurant business, they have a report which says there are 1 million restaurants in the US. A big big market to address. – Rasika
Open Table, is another example says, Rasika. Unfortunately they are competing company with Leapset and they are doing very well. Rasika cracks a joke.
UberCab is a similar company. He now shares videos of the regarding company.
Rasika explains how hard at times and how easy at times it is to start a startup, depending on the situation.
He shares the story behind AirBnB.com
First of all, Rasika Karunathilake, General Manager of Leapset will address the gathering. He is planning to talk on ‘critical steps for Entrepreneurs and Innovators’.
Hey. diGIT team Live from the event.
Google Business Group Presents, ‘Thinking of Starting a Startup’.