Startup Boot Camp was a two-day event that took place at TRACE Expert City (May 2nd-3rd) with the purpose of providing in-depth venture development training, practical mentorship and pitching advice to the most promising early-stage entrepreneurs.
The selection of the participating startups was based on the application information submitted and fitting the eligibility criteria published in advance. After receiving over 100 applications, Venture Frontier Lanka, the organizers of this boot camp, announced the participation of 37 startups in Colombo. The entrepreneurs selected had the chance to pitch their business idea in front of a panel of judges and only the top 6 startups in Colombo made it to the final round of pitching.
The top ventures will gain three months of mentorship support from leading local and global entrepreneurs and will qualify for investment consideration from the Venture Frontier Seed Fund.
The Top 3 startups in Colombo were:
- 1st place– Landlord +
An affordable, 360-degree property management platform, which is millennial-friendly. They will be looking at signing up homeowners to help maintain houses and keep them in order. Long term, the platform will also be used to collect rent and reach out to more tenants when the current ones move out.
- 2nd place– Owita Organics
Owita Organics wants all of Sri Lanka to eat healthily. They aim to do this by providing fresh, healthy, locally grown produce. Owita Organics would also provide home delivery of fruits and vegetables. These can be ordered online via the company’s website.
- 3rd place– Park and Pay
Park and Pay is a platform that combines parking and paying and wrapping it up in one convenient little app. The mobile app allows you to find parking slots, and pay for them. It can be implemented in private car parks, rent slots, and public parking slots.
Venture Frontier Lanka is the first entrepreneurship platform to focus on the complete startup lifecycle, Venture Frontier Lanka is a 4-year nationwide entrepreneurship initiative. They aim to work with the Government, the private sector as well as International donors to help entrepreneurs accelerate their startups.
TRACE is happy to partner with Venture Frontier Lanka on this initiative.