Business Times

Kelaniya University bags gold in MTI start-up venture contest

University of Kelaniya management students with their presentation on back-office legal services for clients from the western hemisphere emerged victorious in the inaugural MTI Start-Up Venture Competition, beating more dynamic private sector teams in the final, in Colombo on Tuesday.


Judges

The Kelaniya University lads bagged the gold by making their presentation on KPO (knowledge process outsourcing) venture in a very simple format avoiding complex business jargon, the panel of judges said. John Keells Capital team who presented a diagnostic health centre venture was the first runners-up and Team Zion with a carbon credit business proposition finished as second runners-up.

Sixteen youth teams from business schools, universities and professionals from corporate organizations took part in this innovative business competition organized by MTI

Consultancy. Three teams made presentations on their business plans in the final, teams before a panel of judges consisting of Riyaz Mihular, partner at audit firm KPMG, Ishara Nanayakkara, vice


The winners

chairman of LOLC, Chris Dharmakirti, executive director at Strategic Enterprise Management Agency, Lalith Hapangama, chairman Lalan Group, Maithri Wickramasinghe, attorney-at-law and Hilmy Cader, chief executive of MTI Consultancy.

The panellists were of the view that business plans presented by John Keells Capital team and Team Zion, had failed because the business plans were not in a simple financial sense and in an easy-to-understand way.

They added that the two teams covered technical details in a comprehensive manner but without making it attractive to business enterprises, the focus of their plans. The financial viability of all projects was weak, the judges said. This venture challenge has helped young professionals to improve their creativity, entrepreneurship and bottom line thinking, they added.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
T-bills, not cash for acquired lands
Mihin Air settles 60% of debt, monthly rev. $2 mln
Stock market learns to cope with price curbs
IMF team assessing Lankan economy
SEC seeks assistance of foreign regulators on ERI
Shangri-La to invest in 5-star hotel in Colombo
Comment - Waiting for budget 2011
Feature - tomorrowFITNESS: What is in store for us
Feature - Endowment envy: Investing to donate?
Feature - GSP+ loss will not be so hard: Fitch Ratings
Etisalat reaches magical figure of 3 mln customers, heads for 4 mln
SLT conducts Sinharaja workshop for Mahajana College, Jaffna
Pensioners: Grateful to be paid in Ceylinco saga
Banks reduce loan provisions to boost results
As WP controls national GDP, call for balanced growth across SL
Thonda commends Nestlé’s continued commitment to local dairy industry
World Bank country director ends term
Sampath aims to reach the top in credit cards
CB rejects accusations that it has no authority to invest EPF funds
Acme seeks Rs 250 mln funds for expansion
ADB Vice President visiting Sri Lanka
Child-resistance bottle cap being introduced by makers of Panadol
Kelaniya University bags gold in MTI start-up venture contest
Sri Lankan chicks going to Nepal
Public dialogue on Knowledge-based Development in Jaffna
CPC owes Rs 18.5 billion in oil hedging dues, to Standard Chartered Bank
Mahindra looking at opening a vehicle assembly plant here
SriLankan Airlines' first Trainee Technicians under European certification
Sri Lanka Telecom makes profits in June 2010 quarter
Business Leaders' classroom exercise for small entrepreneurs
Sri Lanka to reduce e-waste with private sector assistance
Planning buildings with concern for the environment, people’s health
Cargills moves into new headoffice from ‘grand old building’ in Fort
Asgiriya firm becomes sole agents for FENNER
Galpaditenne Tea Factory looking at 4 mln kilos of black tea output
Strike-hit Lanka Walltile threatens to sack contract workers
LOLC to spend nearly US$30mln in refurbishing
Japanese Prof. on lecture tour
Australian and Sri Lankan expatriates visit Sri Lanka
Tourism booms as room strength and hotels grow
Lanka Ashok Leyland partners SMB Leasing to serve North-East
Two new directors at Kotmale Holdings
DFCC Vardhana Bank offers housing, foreign education loans
Tropical Villas sold in larger tourism interest: Jetwing
‘Clean Power’ a new energy saving device for vehicles
Kiwi rugby stars teach safety to Air New Zealand fliers
Sparklink achieves 31 years of service excellence
JKH leads, Carsons No. 4 in the Colombo bourse
DHL launches new direct LCL services from South Asia Pacific to Slovenia
Softlogic slated to buy more into Capital Reach tomorrow
Shares inflated? Invest in the ‘real economy’
Stock market regulator plans to increase liquidity in Colombo bourse
Drop in interest rates not drawing investors to the markets
Some investors urge continuation of price curbs
EPF, Bank of Ceylon, NSB big stakes in Lighthouse Hotels Ltd
SEC's move to discourage quick buck gambler attitude comes under fire by players

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution