Business Times

16 teams vie for MTI Venture Start-Up Challenge

The MTI Venture Start-up Challenge which brings together young minds from business schools, universities and professionals from corporate organizations to take part in an innovative business competition, was launched this week in Colombo.

At the team briefing for selected candidates of the MTI Venture Start-Up Challenge teams were allocated their venture and briefed on the guidelines for the development of business plans. Speaking at the briefing, Hilmy Cader, Chief Executive of MTI, explained why such a competition is necessary “There are emerging needs which can be expected in Sri Lanka and the question arises if we are geared in terms of human talent to capture these opportunities.

We need to make it happen and not expect it to happen. It is the youth that will take corporate Sri Lanka forward and this competition aims to inspire them to take the helm,” he said in a statement released at the launch. This venture challenge aims to foster creativity, entrepreneurship and bottom line thinking amongst young professionals who are expected to present their business plans to an eminent panel of judges.

Commenting on the MTI Venture Start-up Challenge a member of the panel of judges, Shalindra Fernando, General Manager Triumph International Lanka said: “MTI Venture Start-up Challenge is interesting and quite appropriate for the current time, we can tap into the youth talent pool, create entrepreneurship and develop their skills, which is necessary in corporate Sri Lanka”.

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