It’s no secret that advent of startup culture has revolutionized the current job landscape with ideation and disruptive technology being utilized to create a better world. Yet the issue that most face is the lack of funding especially in emerging markets. On the 30th of June, Seedstars World will have its inaugural event in Sri Lanka.
Basically, the 8 best startups from Colombo will be invited before an investment panel to pitch their idea; the startup that wins will get the opportunity to join the Seedstars Family, and take part in global summits, which includes a bootcamp and investor forum. Moreover, the winner will get a ticket to Switzerland where he or she will get the chance to vie for USD 1 million in investment.
Interested in wowing the world with an idea that’s disruptive and redefines the term — innovation? Then you may apply here. With variety and diversity certainly being themes that run deep, Seedstars offers the same opportunity in a list of other emerging markets like Ho Chi Minh, Maputo, Prague, Sydney and Panama.
While progress with regard to startup initiatives can certainly be faster, true visionaries have lent their inspiration and efforts via initiatives like Venture Engine and Spiralation. Yet what’s required is a political framework that serves to initiate and promote such initiatives; but change is happening albeit slowly: the most recent news is how the Sri Lankan government has invested LKR 10 billion to help digitize 64 projects. In fact, the CEO of Orion City/Anton and Director of LAN, Jeevan Gnanam, went onto state how the government needs to be lobbied for change while one of the chief challenges that needs to be overcome is the lack of venture capital funds.
An initiative like Seedstars is certainly a nod in the right direction.