Business Times

Local IT startups showcase applications open until April 10

A local non-profit is offering Sri Lankan IT startups a global platform to pitch their ideas and maybe even attract investors. The Colombo chapter of This Week in Startups (TWiST), a live-streamed web series hosted by Jason Calacanis on which highlights startups from around the world, is offering a showcase for five selected local startups. Interested parties may apply at up to April 10, 2012, with the TWiST Colombo event being held on May 12.

According to a TWiST Colombo statement; "All applicants will first be given one minute to pitch their ideas to the local audience. The audience will then vote for the 5 best ideas of the day on a scale of 1 -5, based on the following criteria: Effectiveness of the 1 minute pitch – Did the presenter make a clear and compelling case with energy and belief? Business potential and feasibility – How quickly could the idea be implemented? Would audience members buy or recommend proposed product or service? Would it be sustainable? Transformational potential– What social impact would the idea have?

The five best presenters will then be given the opportunity to pitch their ideas on a global platform.
They will receive comprehensive feedback, ideas, and recommendations from Jason Calacanis on the pitch as well as the business model. Pitching on this global platform also means that their ideas/companies will be marketed to about 100,000 interested people worldwide, including potential investors."

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