IndustPro 4.0 - Workshop 05:Venture Into Startups
April 5, 2025 · 4:30 AM - 10:00 AM @ JAVA Building, Colombo, IIT School Of Computing,
Description
The session will guide participants through crucial stages of startup development, commencing with Idea Validation & Product-Market Fit , emphasizing the identification of market gaps, effective market research, iterative product development, and awareness of ethical and societal challenges. Subsequently, it will navigate Navigating the Sri Lankan Startup Ecosystem , exploring resources like incubators and funding avenues, strategic networking, understanding angel investors and venture capitalists, and key steps in securing early-stage funding. The program will then address Legal Foundations for establishing a legitimate business in Sri Lanka, covering registration, tax compliance, intellectual property protection, labor laws, and long-term sustainability. Furthermore, Startup Survival will be examined, focusing on avoiding early failure by understanding common pitfalls, managing finances, strengthening teams, and developing risk mitigation strategies. Finally, the session will delve into Strategic Expansion , highlighting growth factors, the importance of choosing the right co-founders and defining roles, market expansion strategies, team building, and fostering strategic partnerships for sustainable growth.
Agenda
10:00 AM – 10:30 AM - Registration Open 10:30 AM – 10:35 AM - Welcome & Introduction 10:35 AM – 10:40 AM - Company Pitch – TWC Innovations 10:40 AM – 10:45 AM - Introduction of the Speaker 10:45 AM – 11:10 AM - Idea Validation & Product-Market Fit : Laying the Foundation 11:10 AM – 11:40 AM - Navigating the Startup Ecosystem: Resources & Connections 11:40 AM – 11:55 AM - Break 11:55 AM – 12:25 PM - Legal Foundations:Establishing a Legitimate Business 12:25 PM – 12:55 PM - Startup Survival : Avoiding Early Failure & Managing Risks 12:55 PM – 01:25 PM - Strategic Expansion: Growth Factors & Co-founder Dynamics 01:25 PM – 01:30 PM - Live Q&A & Closing Remarks 01:30 PM - End of Workshop