Venture Engine 2015 finalists announced

Wednesday, 10 June 2015 00:24 - - {{hitsCtrl.values.hits}}

11 companies identified as the Top Fundable Businesses enter the Final Mentoring Stage

Wrapping up a busy two weeks of workshop sessions in Finance, Law and Presentation skills, the 22 businesses that made it through the two minute pitch made their detailed business presentations on 5 June to an experienced panel of investors. Identified as the Top Fundable Businesses the companies moving on to the finale are:

Do What We Did – Online Travel Social Media

Audio Book/Infocom International – Digitising Books in Audio Format

Yamu – Food Review App

Vending Machines – Retail/Non-Cash Payment Solutions

GTC Campus – Online Education

Web Based Education – Online Education

Stripes & Checks – Custom Tailored Shirts

Gro Green – Organic Fertiliser

Mc Choice – Food/Instant Ready to Eat

Cey Digital/Law Envoy – IT/Legal

VDriver – Mobile App

The 11 companies will spend the next few weeks working with the LAN mentors to fine tune their business plans as they prepare to make their final pitch to a panel of local and international investors on 23 June.

“To-date we have funded 20 businesses and we are very positive about the potential in this year’s list of finalists. Even though 1st, 2nd and 3rd place are selected at the finale, the strength of the Venture Engine platform is that each of the 11 businesses stands the chance to receive the funding they are looking for from any of the investors present at the event. There is little doubt of the entrepreneurial potential in Sri Lanka and we are pleased to be part of empowering these budding businesses,” said Blue Ocean Ventures Co-Founder Prajeeth Balasubramanium.

Created by Blue Ocean Ventures and the Indian Angel Network, Venture Engine is sponsored by Expolanka PLC, Orion City and Dialog Axiata, with the Lankan Angel Network supporting the event as a strategic partner.

For more information on Venture Engine visit www.ventureengine.com.