Home / Knowledge / News / Apparel/Garments / Brandix funded MIT-Global Startup Labs-Sri Lanka kicks off
Brandix funded MIT-Global Startup Labs-Sri Lanka kicks off
27
Jan '14
Seventy three young Sri Lankans, identified as prospects for the country’s next generation of top entrepreneurs, began their accelerated journey to entrepreneurship in January with the kick-off of the Brandix funded MIT Global Startup Labs’ (MIT-GSL) Sri Lanka programme.

Chosen from over 350 candidates from five participating Sri Lankan universities and other higher educational institutions, these undergraduates and recent graduates will undergo seven months of intense start-up incubation with training by Massachusetts Institute of Technology instructors, Akshita Deora Puram and Amber Houghstow, and on-going industry mentoring facilitated by the Sri Lanka Association of Software and Service Companies (SLASSCOM) and Brandix.

They are to be taken through three phases – ‘Ideate & Test’ from 9th to 27th January; ‘Plan & Create’ from February to May; and ‘Refine & Launch’ between June and August 2014, under the MIT-GSL global entrepreneurship incubator being run by MIT in collaboration with 15 international universities.

Delivering the keynote address on the topic ‘Disruptive Innovation: Examples and opportunities for start-ups’ at the kick-off programme sponsored by Brandix, Group Director Udena Wickremesooriya traced the innovations and improvements that had taken place in the automobile industry since the launch of the first car of Henry Ford.

Holding up an office shirt, he pointed out that it had not been modified since his Grandfather’s time. In addition to the lack of product innovation, he highlighted challenges in manufacturing, logistics, demand forecasting, and more. Hence, there is a huge opportunity in the apparel industry for innovation, Mr Wickremesooriya said, urging participants to explore new frontiers for innovation.

Other speakers at the launch of the programme included Dr Janaka Liyanagama, Deputy Vice Chancellor of the Open University which opened up its new facility to host the sessions and Ruwindhu Peiris, General Secretary of SLASSCOM.

The Brandix Group has pledged to fund the MIT-GSL Sri Lanka programme for five years in collaboration with MIT and SLASSCOM. The programme is to be offered twice a year to second-year or older undergraduates as well as recent graduates of Sri Lankan universities.

Brandix

Must ReadView All

Apparel/Garments | On 25th Jun 2016

AEPC fears Brexit will hurt Indian apparel exports

The Apparel Export Promotion Council (AEPC) expressed its...

Courtesy: ITMF

Textiles | On 25th Jun 2016

Global yarn output up 20% q-o-q in Q1 2016: ITMF

The global yarn production increased by 20 per cent...

Courtesy: Balmain

Fashion | On 25th Jun 2016

Qatari investment fund buys French label Balmain

Mayhoola for Investments, an investment fund backed by the Emir of...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Amrit Sethia
SOIE

What are the emerging trends in the intimatewear category for women in...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search