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Live Blog – Thought Leadership Forum on Entrepreneurs and Innovators: For the Future Economics of Sri Lanka

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SLASSCOM’s Thought Leadership Forum on “Entrepreneurs and Innovators: For the Future Economic Growth of Sri Lanka” will examine the role of entrepreneurs and innovators in the future economic growth of the country.

The event is scheduled to take place in Dialog Future World Auditorium at 5.30 PM today. Stay tuned and keep an eye on this Live Blog post for detailed updates. We got IT covered.

And for more details regarding the event, check out our event page, here.

Video Coverage:

Photo Album: here.

From Press From Press Feb 7, 20148:54 pm

Digit team signing off from here. catch you all folks soon.

From Press From Press Feb 7, 20148:53 pm

You can catch the conversation on twitter regarding this event under these hashtags #StartupLKA #1kLk

From Press From Press Feb 7, 20148:52 pm

Event partners are being thanked.
And with that post, we end tonights proceedings.
Good Night and thanks for tuning in witht the Live blog.

From Press From Press Feb 7, 20148:49 pm

Ruwindu Peiris, Director at SLASSCOM and Stax will give away the tokens of appreciation to the fellow panelists now.

From Press From Press Feb 7, 20148:48 pm

Janaki Karunarathne from Microsoft Sri Lanka will give away who goody bags to the lucky winner of the raffle draw.

From Press From Press Feb 7, 20148:46 pm

Since it is 8.45 PM already, Madu is wrapping up the Panel session.

From Press From Press Feb 7, 20148:43 pm

Harsha: If all of us try to get into Knowledge economy, we wont have any skills to do other work. These people should get the same amount of respect a Doctor or an Engineer gets.

From Press From Press Feb 7, 20148:39 pm

Why aren’t you doing anything for School/OL dropouts? Can’t you come-out of your lass doors and motivate them?

Ajith: Well, the children could use online resources. we aren’t taking proper use of these resources. We need to create a forum which will bring up the rising questions to be addressed.

From Press From Press Feb 7, 20148:27 pm

Ajith: yes, I agree. There is so much talent out of unis. After attending a pitch session at the GSL pitch day, it brought tears to my eyes to see the transformation.

From Press From Press Feb 7, 20148:24 pm

How did you overcome the resourcing challenge?

Harsha : at MicroImage we don’t we don’t hire only 1st class degree holders. This is what sets us apart from Virtusa and WSO2. If you really wan’t to find talent, get out of the traditional methods. You will be amazed by the talent out there.

From Press From Press Feb 7, 20148:17 pm

Harsha: When i left school in 1993, it was a very crucial era for us to start a company. There was no SLASSCOM, No Lankan Angel Networks and no internet and nothing. We were fascinated by Microsoft so much that we were focused on selling our product.

From Press From Press Feb 7, 20148:14 pm

Is there any pans for female entrepreneurs in this country?

Imran: Yes we have. We are looking at Sarvodaya Fusion and initiatives like that which encourages females to get going with their startups.

From Press From Press Feb 7, 20148:12 pm

Thilan: Having a national framework is very important. Sl still doesn’t have one. we have to attract tamil families back into the country.

From Press From Press Feb 7, 20148:09 pm

Madu: How to raise capitol in order to create revenue? How hard it is?

Mafaz: You should listen to other experienced entrepreneurs. At LAN we get presenters who are very stubborn with their ideas. But you know what, it doesn’t work that way.

From Press From Press Feb 7, 20148:06 pm

Incentives should be given. It is not hard to become a successful entrepreneur even if you are a uni graduate. Ajith says looking at Harsha since he is from Moratuwa Uni.

From Press From Press Feb 7, 20148:02 pm

Madu: Where do you see our system going to? Are unis going well? do we have enough innovators in the country

Ajith: We have achieved some sort of transparency. graduates are savvy than before. Entrepreneurship is there, so is fear, among our students.

From Press From Press Feb 7, 20147:59 pm

How long would it take to make Sri Lanka the hub of Economy, in Asia?

Thilan: This is a complicated question. From a personal perspective, i think we are not there yet. But it won’t stop us. And also the States should involving.

From Press From Press Feb 7, 20147:56 pm

What are you thoughts and advice to Sri Lanka where they are loosing the opportunities to come over board?

Harold: Technology is the enabler. This is a very delicate matter. We should create startups by creating opportunities as well.

From Press From Press Feb 7, 20147:53 pm

Madu starts the panel discussion by asking the crowd to raise hands if they are entrepreneurs already.

From Press From Press Feb 7, 20147:50 pm

These would be our panelists for tonight.

From Press From Press Feb 7, 20147:50 pm

Madu Rathnayake – SLASSCOM Chairman, Vice President Virtusa (moderator)
Dr. Harold Raveche
Harsha Purasinghe, CEO and Founder of MicroImage
Prof. Ajith Madurapperuma – Head, Department of Electrical and Engineering
Thilan Wijesinghe – Chairman, TWCorp
Mafaz Ishaq – Co-founder Lankan Angel Network

From Press From Press Feb 7, 20147:44 pm

Ranil concludes.

From Press From Press Feb 7, 20147:43 pm

The free trial could be used for 30 days.
More info here. http://en.wikipedia.org/wiki/Microsoft_Office_365

From Press From Press Feb 7, 20147:42 pm

Cloud service
Office Package
Accessible through any device through internet
business class and security at an affordable price
easy to setup and use

are the few pointers why you should choose Office365.

From Press From Press Feb 7, 20147:39 pm

\\ Based on cloud, Sharepoint service is somewhat similar to Google Drive.

From Press From Press Feb 7, 20147:37 pm

This purchased app could be used in 5 different devices through different platforms.

From Press From Press Feb 7, 20147:36 pm

This app is a collaboration of Office Products + Professional Email client + some other services as well. – Ranil

From Press From Press Feb 7, 20147:34 pm

Office 365 is a service which is hosted in regional clouds in Singapore and Hongkong.

From Press From Press Feb 7, 20147:32 pm

If the tech you use is down, there is a possibility that your business could be impacted as well. – Ranil

From Press From Press Feb 7, 20147:30 pm

Ranil from Microsoft Sri Lanka is on stage now. He intends to talk on challenges you face with SME.

From Press From Press Feb 7, 20147:29 pm

Videos from the event partners are being played at the moment. including our video as well. Which is accessible via this link.

From Press From Press Feb 7, 20147:22 pm

Unless you get the idea right about now, you will have serious competition later. – Harold.

He concludes.

From Press From Press Feb 7, 20147:21 pm

There are Sri Lankans in this country who are success. They have made it and it is time for them to get back to SL.

From Press From Press Feb 7, 20147:19 pm

Don’t go shopping and spend of facilities. Use other labs, uni premises and get going. – Harold

From Press From Press Feb 7, 20147:16 pm

Acquiring capitol:

Have a plan. Invest personally in the initial stage. Then comes the Angel Investors.

From Press From Press Feb 7, 20147:15 pm

Prototypes, prototypes and prototypes. Get your prototypes working to show off.

From Press From Press Feb 7, 20147:14 pm

The best ways to attract revenue is to have customers.

you have to get the essence of you ideas quickly ASAP.

From Press From Press Feb 7, 20147:13 pm

Market demand or push?
size of market?
cost of entry?
competition?

these questions are fundamental questions.

From Press From Press Feb 7, 20147:11 pm

Why is innovation difficult to sustain? It takes discipline and commitment.

most of the unis aren’t focusing on innovation and R&D.

From Press From Press Feb 7, 20147:09 pm

Competition is essential. Excellence in research is not sufficient for marketplace success. – Harold

From Press From Press Feb 7, 20147:06 pm

48% of the cost of Apple product was their profit. You don’t have to be that pricey though.

From Press From Press Feb 7, 20147:04 pm

Zip car. a small startup which went on to become a big thing in USA. http://www.zipcar.com/

From Press From Press Feb 7, 20147:03 pm

Teach for America, a small initiative which is a big startup now.

More info here. http://www.teachforamerica.org/

From Press From Press Feb 7, 20147:01 pm

Entrepreneurs are Nurtured. Not born nor bred. – harold

From Press From Press Feb 7, 20147:00 pm

CEO’s of Big Companies aren’t meant to lead Small companies.

From Press From Press Feb 7, 20146:58 pm

Percent GDP spending for R&D in 2013

From Press From Press Feb 7, 20146:58 pm

Get Acceletarors into the country which will incubate startups in Sri Lanka.

From Press From Press Feb 7, 20146:56 pm

In 2010 Harold was given Citizenship in Malaysia to start new startups in the Uni. He shares.

From Press From Press Feb 7, 20146:54 pm

Gardens by the Bay, Social Innovations to promote tourism. It is very important. – Harold

From Press From Press Feb 7, 20146:52 pm

The Singapore Uni has no Academic department in it. There is a sense of economic urgency in Asia. – Harold

From Press From Press Feb 7, 20146:50 pm

Marketing is very important. But Social Media marketing is not enough. Face to Face talking will do the trick. somethings are there you still can’t do digital. you must put yourself in the shoes of your customers. – Harold

From Press From Press Feb 7, 20146:49 pm

It may take longer than you think to realize your goals an a new entrepreneur. – Harold

From Press From Press Feb 7, 20146:48 pm

There is a difference between students finding jobs and students creating jobs. – Harold

From Press From Press Feb 7, 20146:47 pm

It is time for new tech companies to be launched with IP/know how from Sri Lankans.

Small-Medium enterprises have to be sustained. – Harold.

From Press From Press Feb 7, 20146:45 pm

Harold gives a brief into about himself and his duty in each of his companies.

From Press From Press Feb 7, 20146:42 pm

Proceeding on, now we have Dr. Harold, our Keynote speaker for tonight. He is the President of Innovation Strategies International and the Founder of Vision Technology Systems.

From Press From Press Feb 7, 20146:40 pm

They provide support even if the products aren’t based 100% on MS platform.
Wellington concludes his presentation.

From Press From Press Feb 7, 20146:34 pm

Through BizSpark, we have started off 45 startups in Sri Lanka and ICTA invited us to bring this initiative to SL.

From Press From Press Feb 7, 20146:32 pm

BizSpark Plus, is the updated app for subscribing users. In a nutshell, it is a cloud based solution. – Wellington

From Press From Press Feb 7, 20146:30 pm

It is been 5 years to MS BizSpark. BizSpark is a Global Program for Startups. – Wellington

From Press From Press Feb 7, 20146:28 pm

Tech companies are playing power role. Wellington also explains BizSpark initiative by Microsoft.

More info here. http://www.microsoft.com/bizspark/

From Press From Press Feb 7, 20146:24 pm

What Microsoft really is? Started off as a Startup 38 years ago, we are today a massive Software company. – Representative

From Press From Press Feb 7, 20146:22 pm

Representative from Microsoft Sri Lanka will share a few words since they are the Event partner for this event.

From Press From Press Feb 7, 20146:20 pm

Ongoing initiatives – SLASSCOM MOTOROLA Inter Uni Innovation Competition, MIT Global Startup Labs and Hackathon.. etc.

From Press From Press Feb 7, 20146:17 pm

This is the second Thought Leadership Forum happening. The first one was in September where Shruthi Challla addressed the gathering.

From Press From Press Feb 7, 20146:15 pm

Madu concludes.

Imran Furkan, Executive Director of SLASSCOM gives a brief about what they do at SLASSCOM.

From Press From Press Feb 7, 20146:14 pm

Madu touches the point where it is their goal to get 1000 new startups by 2022.

From Press From Press Feb 7, 20146:12 pm

Madu welcomes everyone and Dr. Harold as well since this is his 1st visit to SL.

From Press From Press Feb 7, 20146:11 pm

We start the evening with the welcome presentation by Madu Rathnayake.

From Press From Press Feb 7, 20146:03 pm

Its 6 lready. Everyone is requested to bring their food in and take seats to proceed with the event.

From Press From Press Feb 7, 20145:53 pm

The setup here for now.

From Press From Press Feb 7, 20145:48 pm

Everyone enjoys refreshments while the event will commence at 6 pm.

From Press From Press Feb 7, 20145:47 pm

Stay tuned with us, because the event is re-scheduled to start at 6 pm since many participants are stuck in traffic.

From Press From Press Feb 7, 20145:46 pm

Hey diGIT readers. We are Live from Dialog Future World Auditorium, to bring you the latest Live updates from Thought Leadership Forum on Entrepreneurs and Innovators: For the Future Economics of Sri Lanka.

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