What happened this far at CIMA Launch Pad 2015: Quick Recap

Throughout the month we brought you the events and ideas of CIMA Launch Pad 2015. The final will be tomorrow, Sunday November 1 the final destination of this trip. Here's a quick summary of what happened on the trip so far and what will happen.

Pace Location

 The pace was not a land of 3 minutes for the competing teams competing in two categories; Business and social. Of the 10 ideas ideas that were presented in each category were selected to move to the next phase.

The teams were invited to submit a detailed proposal of his idea, which ideally should include information on the concept, the details of the investigation (facts and figures) and over the entire business model.

Mentoring Program

After the presentation of the proposal, teams were sent through a tutoring session that had two phases; general workshop and mentoring. The key segment was the tutoring session where each team had the opportunity to have one to one discussions with the business idea with mentors.

Press conference

Company CIMA students organized a press conference with the intention of spreading the word of the good things that are happening. The representatives at the head table were Mrs. Akbar Amrah CFO Mr. Gnanam Jeevan Innovations MAS - Chairman / CEO of Orion City, Dr. Thulci Aluwihare, Director of Mergers and Acquisitions PwC, Mr. Vipula Gunatilleka President of CIMA Sri Council Lanka, Ms. Hasanji Ellawala company president and President Abdul Baasit Project CIMA students, CIMA Launch Pad 2015.

Four teams: Business Category 

CIMA Launch Pad finalists 2015 in the category of business (only) was revealed in the press conference. They were selected by the committee on the basis of advice from SLASSCOM evaluation of your project proposal. Congratulations to Alfa, Body Sculpt and Homefoods.lk TrekThru team. Remember, the positions are still to be determined and will happen in the Grand Final.

However, the top four teams of the social category are not announced so far and that was because they had another lap to go through unlike competitors in the business category.

Finals: Social Category

As we said, another round just to the social phase. It was not five minutes, followed by a 15 minute Q & A session. Had Ms. Sharmini Ratwatte, non-executive director for more investment and John Keells PLC, Dr. Rizvan Jaldeen, CEO - Business Development and Services Center LLC, Mr. Ravindu Denawaka General Olanka Travel, M. Abdul Careem Consultant CEO / Business - International Inotrend and Mr. Charitha Ratwatte, Jr., Director - Sustainable Development Axiata Group PLC dialogue on the panel of judges.

Although 10 teams had the opportunity to compete for any rate, which was reduced to 7 teams in the presentation of the proposal and the mentoring program. Unfortunately, it was 6 teams that could make presentations. Light equipment, boomers, Army of Poseidon, the team Tripper innovation labs and knowledge presented their ideas.

Of the 6 teams, 4 teams; the same as in the corporate category was chosen by the jury. Boomers, the Tripper equipment, soaps and innovation laboratories have qualified for the final.

 It would be nice if we say it was an intense time. Judges at all team mascot. Certainly if you happen to be a competitor and you hear these criticisms in his idea that you think so, you may be injured.
But the fact is, it would probably be the bitter truth that your mind does not want you agree because you are too blinded by love for his son brain. What is natural. In other words, these points could be real traps in the concept.
At the same time, remember, the idea is not bad, nobody can say it's okay. He would need some changes and improvements. Or this little feature in your great idea might be in itself the company is looking for all this time. As a future entrepreneur, listening is something you have to do more than talk. Hear.

What's Next?

Grand Final, the following eight categories representing the two teams presented their idea for the last time. Why? Because investors have in the house. This is best suited for teams to show that their idea is worthy of being the winner of the CIMA Launch Pad 2015. Even if you do not win, they got so far showing that they are all winners with great ideas now.