Sri Lankan start-ups pitch for MTI’s ‘idea2fund’

Wednesday, 21 February 2018 00:00 - - {{hitsCtrl.values.hits}}

The third wave of MTI’s ‘idea2fund’ successfully completed the second round’s concept presentations on 17 February at the Hilton Colombo.

‘idea2fund’ is a venture challenge platform powered by MTI Corporate Finance for aspiring entrepreneurs to pitch venture ideas, connect with potential investors and receive consulting, advisory and implementation support through MTI Consulting.

Seventeen innovative ideas were presented to the panel of judges which comprised Mora Ventures Co-Founder Heminda Jayaweera, former JL Morrison Managing Director Trihan Perera, MTI Consulting Director Rajika Sangakkara and MTI Business Analyst Jananga Piyadasa. Each presentation was evaluated on several aspects including validity of concept, size of opportunity and commercial viability. Based on the overall evaluation, the shortlisted entrepreneurs will proceed to the Commercial Presentation stage (Stage 3).

“Concept presentations conducted by this year’s applicants truly showcased the talent and innovation that the next round of future entrepreneurs possess,” said MTI Consulting Director Sangakkara. “Applicants continue to raise the bar for innovation and creativity with fresh ideas covering a diverse array of industries. We look forward to see what the next round entails,” she added. MTI Corporate Finance is the corporate finance arm of MTI Consulting, a boutique strategy consultancy with a network of associates across Asia, Africa and the Middle East. MTI Corporate Finance provides a comprehensive range of services, including due diligence, feasibility studies, funding new businesses or capitalisation of existing ones – from IPOs to private placement facilitation, M&A facilitation and advisory on governance, compliances and risk management.