Jumpstart 2019, A Business competition and Entrepreneurship platform by Rotaract Club of Achievers Lanka Business School
Leading the youth of Sri Lanka to be passionate, creative and resilient, the Rotaract Club of Achievers Lanka Business school introduces a platform to present and discuss all your business ideas, Jumpstart 19-20.
Many contests of this nature have taken place across the globe bringing in ideators, start-ups and investors to one platform helping unique businesses emerge and grow. The concept as a whole may be new to Lankan audiences but nevertheless will benefit the country immensely in the years to come. Especially given the dire need for creativity and innovation to break barriers and norms, this opportunity provided by the Rotaract club of Achievers Lanka Business school will not only benefit all those who participate but Sri Lankan Entrepreneurship in general.
JUMPSTART, a signature project of the Rotaract Club of Achievers Lanka Business School, is a platform which provides finance to start-ups through investments and exciting prizes through a competition. Not only does JUMPSTART provide finances and prizes but also provides a thorough knowledge to contestants through the much needed set of workshops.
JUMPSTART is back for the 3rd consecutive year with a new category that allows contestants to receive investments. The team behind ‘Jumpstart 19-20’ have worked hard tirelessly to bring entrepreneurs, judges, mentors, investors and even those who have absolutely zero idea on entrepreneurship under one roof.
JUMPSTART has three categories namely Idea wizards, early stage startups and growth stage startups. The Idea Wizards and the early stage startups will face a competition followed by a business case study to receive prizes worth LKR 200,000+ whereas the growth stage startups will present their ideas to investors in hopes of an investment.
This contest is planned to give the participants a brand new experience. It will let you develop your leadership and technical skills, network with giants in the corporate sector and let you think on your feet to tackle everyday business problems that are thrown at you. In achieving this goal, we have organised 6 workshops on aspects such as how to pitch, finance and book keeping, marketing, fundraising, supply chain and PR and branding. All workshops are to be held at Hometree Coworking, our Venue Partner.
Following an intense first round, finalists have been selected by an esteemed panel of judges, all representing leaders in the corporate world. The Pitch it! Win it! round was conducted on the 12th of November at Collaborate Co-working which enabled Idea wizards and early stage start-ups to present their business ideas. Five talented teams/individuals were short listed from nearly 40 teams. As per the requests of the judges two more teams were given golden buzzers and were escalated to the Shark tank round. Also a big thank you, to our Knowledge partner for providing us with the experts in the business field to conduct workshops, judges and also investors.
The finale will comprise of the finals of the Pitch it! Win it! round and the shark tank round. However, the finalists are to be challenged even more as they will be given a realistic business case scenario to solve and present to the judges and the audience. The finals will also comprise of the shark tank round where growth stage startups will present their business to investors who will scrutinize them immensely and provide investments if they deem the startup to be worthy. The finals will also feature a session by an influential speaker of all time.
Teaming up with Jumpstart are 15 partners on board so far. We are extremely grateful to all our partners. Namely, Venture Frontier - Knowledge Partner, Collaborative Coworking – Coworking Partner, Quire Lanka – Brand Strategy Partner, Avance, Urban.lk and Helanka Shoes - Gift Partners, ReadMe – Digital Media Partner, HomeTree Coworking and Orion City – Venue Partners, Impulse – Media Partner, StartupX foundry – Mentoring Partner, Chokolaate - Magazine Partner, Dawn Developments – IT Partner, Filmdragonn Productions – Videography Partner and SefGlobal – Outreach Partner.
Last but not the least, an added word of gratitude to our Bronze sponsor ACCA and the management of Achievers Lanka Business School for the support.
Following the series of workshops with professionals the teams are geared to battle it out at the grand finale scheduled to be held on the 8th of December from 1 pm onwards at the Orion City auditorium. Contact Rtr. Suwithi Karunasekara on 0710342933 for more details.