About Idea2fund

Objective

In the next 5 to 10 years, Sri Lanka (as it is globally) will witness disruptive business models that will challenge conventional business models. This will eventually lead to a radical change in the way wealth is created, accumulated and invested. Meanwhile, a new breed of entrepreneurs will challenge conventional and established businesses and business models.

idea2fund attempts to identify and harness this Sri Lankan talent – from just an idea / intent through to business potential realization.

Target Audience

Idea2fund is open to anyone with a winning venture idea – individually, collectively as a team of your choice (2-3 max) or even as an organization.

Students and Early Career Professionals

with winning ideas and the ‘guts’ to venture out. Those looking to venture on their own – the young and daring with radical / disruptive business ideas.

Experienced Professionals

looking for a mid-career break-out to ‘invest’ their expertise more profitably. Those with business-able skills, had enough of corporate life and looking to en-cash their skills / experience by starting on their own.

Existing Niche Entrepreneurs

looking to ‘game change’ and make it ‘big’. Small businesses with high potential to grow and being held back by funding and advisory.

Conditions for Application:
o Sri Lankans living in Sri Lanka.
o Sri Lankans living or working outside Sri Lanka
o Expats currently living in Sri Lanka, willing to partner a Sri Lankan.
o Any global citizen willing to partner a Sri Lankan in an entrepreneurial venture.
  • Students and Early Career Professionals

    with winning ideas and the ‘guts’ to venture out. Those looking to venture on their own – the young and daring with radical / disruptive business ideas.

  • Experienced Professionals

    looking for a mid-career break-out to ‘invest’ their expertise more profitably. Those with business-able skills, had enough of corporate life and looking to en-cash their skills / experience by starting on their own.

  • Existing Niche Entrepreneurs

    looking to ‘game change’ and make it ‘big’. Small businesses with high potential to grow and being held back by funding and advisory.

Target Domains

Any business idea is welcome and idea2fund is open to ventures in the following domains:

Agriculture

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products. Agribusiness includes agrichemicals, breeding, crop production (farming and contract farming), distribution, farm machinery, processing, and seed supply, as well as marketing and retail sales.

Education

The education industry comprises of entrepreneurs, businesses and organizations that facilitate the process of learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Energy

The energy industry is the totality of all of the industries involved in the production and sale of energy, including extraction, manufacturing, refining and distribution. This can be petroleum, electrical, gas, coal and renewable energy.

Engineering

Application of mathematics, scientific, theoretical and practical knowledge in order to invent, innovate, design, build, maintain and improve structures, machines, tools, systems, components, materials, and processes.

Fashion

Design, manufacturing, distribution, marketing, retailing, advertising, and promotion of all types of clothing, footwear, accessories, makeup etc.

Financial Services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money and other financial assets, including banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds etc.

Health & Personal Care

The health & personal care industry is an aggregation and integration of sectors within the economic system that provides goods and services to treat individuals with curative (e.g. : medicine) , preventive(e.g. : exercising, dieting), rehabilitative(e.g. : physio therapy), palliative (e.g. : reduce physical, mental pain) and personal hygiene & beautification care.

ICT

Integration of telecommunications (telephone lines and wireless signals), computers as well as necessary enterprise software, middleware, storage, and audio-visual systems and networks which enable users to access, store, transmit, and manipulate information.

Logistics

Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.

Professional Services

Any organization or profession that offers customized, knowledge-based services to clients including but not limited to lawyers, advertising professionals, architects, accountants, engi-neers, and consultants.

Retailing

The functions and activities involved in the selling of commodities directly to consumers. This can be offline such as department stores, super markets as well as online such as e-commerce sites.

Social Enterprises

Organizations that apply commercial strategies to maximize improvements in human and environmental well-being. This may include maximizing social impact rather than profits for external shareholders and can be structured as for-profit or non-profit.

Tourism

The business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the traveler’s country and for the purposes of leisure, business and other.

Other Ventures

All the other ventures that are not included in above categories.

  • Agriculture

    The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products. Agribusiness includes agrichemicals, breeding, crop production (farming and contract farming), distribution, farm machinery, processing, and seed supply, as well as marketing and retail sales.

  • Education

    The education industry comprises of entrepreneurs, businesses and organizations that facilitate the process of learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

  • Energy

    The energy industry is the totality of all of the industries involved in the production and sale of energy, including extraction, manufacturing, refining and distribution. This can be petroleum, electrical, gas, coal and renewable energy.

  • Engineering

    Application of mathematics, scientific, theoretical and practical knowledge in order to invent, innovate, design, build, maintain and improve structures, machines, tools, systems, components, materials, and processes.

  • Fashion

    Design, manufacturing, distribution, marketing, retailing, advertising, and promotion of all types of clothing, footwear, accessories, makeup etc.

  • Financial Services

    Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money and other financial assets, including banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds etc.

  • Health & Personal Care

    The health & personal care industry is an aggregation and integration of sectors within the economic system that provides goods and services to treat individuals with curative (e.g. : medicine) , preventive(e.g. : exercising, dieting), rehabilitative(e.g. : physio therapy), palliative (e.g. : reduce physical, mental pain) and personal hygiene & beautification care.

  • ICT

    Integration of telecommunications (telephone lines and wireless signals), computers as well as necessary enterprise software, middleware, storage, and audio-visual systems and networks which enable users to access, store, transmit, and manipulate information.

  • Logistics

    Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.

  • Professional Services

    Any organization or profession that offers customized, knowledge-based services to clients including but not limited to lawyers, advertising professionals, architects, accountants, engi-neers, and consultants.

  • Retailing

    The functions and activities involved in the selling of commodities directly to consumers. This can be offline such as department stores, super markets as well as online such as e-commerce sites.

  • Social Enterprises

    Organizations that apply commercial strategies to maximize improvements in human and environmental well-being. This may include maximizing social impact rather than profits for external shareholders and can be structured as for-profit or non-profit.

  • Tourism

    The business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the traveler’s country and for the purposes of leisure, business and other.

  • Other Ventures

    All the other ventures that are not included in above categories.

*As policy, MTI does not work with organizations in the following industries: Tobacco, Alcohol, Gambling, Arms and Ammunition, Religious Organizations, Political Parties / Organizations, Sex Related Industries.| * Implies legally permitted businesses in Sri Lanka

Key Benefits

idea2fund will help convert your business ideas into successful ventures by providing links to:

Funding

Funding is important for any startup due to many reasons such as attracting best talent, carry out marketing campaigns, etc. Therefore we help you to source funds from high profile corporates and build profitable connections and networks that will benefit you in the years to come. Both equity and debt based funding options are available for the winning candidates.

Business Consulting and Mentoring from MTI

Mentoring is as important as funding. As a global strategy consulting firm with over 20 years of experience, MTI will help you to succeed in your startup journey through necessary consulting, coaching and mentoring.

Industry and Technical Specialists to set-up operations

idea2fund programme will link you with the industry experts in your domain where valuable insights will be provided to establish your startup in that industry. Guidance and inspiration from the people who have traveled this road previously will also be offered.

Idea validation and Feedback

you can validate your business idea through MTI and industry expert’s comments and you will receive valuable feedback on how you can adapt or develop your idea further.

Publicity

Extensive media coverage will be provided for the participants by our media partners and you will be able to create a brand even before launching the business. Idea2fund is bringing investors and entrepreneurs under one roof to ensure your startup is visible to top industry scouts.

Scaling-up existing operation, including gearing up for IPO

MTI Corporate Finance will help you to take your startup to the next level through different scaling options ultimately leading to an IPO

  • Funding

    Funding is important for any startup due to many reasons such as attracting best talent, carry out marketing campaigns, etc. Therefore we help you to source funds from high profile corporates and build profitable connections and networks that will benefit you in the years to come. Both equity and debt based funding options are available for the winning candidates.

  • Business Consulting and Mentoring from MTI

    Mentoring is as important as funding. As a global strategy consulting firm with over 20 years of experience, MTI will help you to succeed in your startup journey through necessary consulting, coaching and mentoring.

  • Industry and Technical Specialists to set-up operations

    idea2fund programme will link you with the industry experts in your domain where valuable insights will be provided to establish your startup in that industry. Guidance and inspiration from the people who have traveled this road previously will also be offered.

  • Idea validation and Feedback

    you can validate your business idea through MTI and industry expert’s comments and you will receive valuable feedback on how you can adapt or develop your idea further.

  • Publicity

    Extensive media coverage will be provided for the participants by our media partners and you will be able to create a brand even before launching the business. Idea2fund is bringing investors and entrepreneurs under one roof to ensure your startup is visible to top industry scouts.

  • Scaling-up existing operation, including gearing up for IPO

    MTI Corporate Finance will help you to take your startup to the next level through different scaling options ultimately leading to an IPO

event timeline

  • Opening of Entry Application

    Entry Application Submission Deadline

    Concept Presentation

    Commercial presentation

  • Final Launch Day (Startup Linking starts here)

  • Opening of Entry Application

  • Entry Application Submission Deadline

  • Concept Presentation

  • Commercial presentation

  • Final Launch Day (Startup Linking starts here)

* Timelines are subject to change