Home / Knowledge / News / Information Technology / Brandix to sponsor training for technology start-ups
Brandix to sponsor training for technology start-ups
17
Dec '13
A noteworthy tripartite initiative to stimulate technology start-ups by Sri Lankan university students and recent graduates gets underway in January 2014 with corporate sponsorship and participatory inputs from Brandix.

Sri Lanka’s single largest apparel exporter has confirmed it will collaborate with the Sri Lanka Association of Software and Service Companies (SLASSCOM) and the Massachusetts Institute of Technology (MIT) to offer 6-month incubation programmes twice a year to Sri Lanka’s most innovative undergraduates and recent graduates under the MIT Global Startup Labs’ (MIT-GSL) Sri Lanka programme.

This programme enables participants to start innovative businesses through three distinct phases. GSL instructors will conduct two workshops in Phase I, while Brandix, other business leaders, and seasoned entrepreneurs will conduct a series of seminars, training, and mentoring sessions in Phase II, and MIT-GSL instructors will conduct further training in Phase III.

Each programme will culminate with participants pitching their ideas to seek funding and mentorship at a public demonstration day attended by investors and industry leaders.

A milestone agreement signed by Brandix Lanka Limited and SLASSCOM envisages that Brandix will provide funding for the initiative for five years, and that the programme will be offered to second-year or older undergraduates as well as recent graduates of Sri Lankan universities.

“The landscape of the entire apparel industry has been changed with the advent of new and disruptive innovations,” Brandix Director Udena Wickremesooriya said.

“From raw materials to processes, machinery and equipment, packaging and supply chain, new technology will transform the way products are made and sold. As a provider of inspired solutions for branded clothing, Brandix is in the thick of this evolution, and we are excited at the opportunities. Supporting a programme of this nature, therefore, gives us immense satisfaction.”

SLASSCOM Chairman Madhu Ratnayake said: “MIT’s Global Startup Labs programme has already helped thousands of students and universities globally through its unique initiatives to promote technology start-ups.

MIT Global Startup Labs was pioneered in Sri Lanka by the University of Moratuwa, and with the collaboration and funding support of Brandix, SLASSCOM is confident that the programme can now scale new heights in Sri Lanka, paving the way for business and industry-specific innovation. Our vision is to get to 1,000 start-ups by 2022.”

He said each MIT-GSL programme to be conducted under the agreement in Sri Lanka is expected to accommodate about 100 student participants at the outset. The programme is free of charge for chosen candidates.


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urmil Arya

Sushila International, a well established textile organisation established ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search