Slingshot Startup Series Ep 1: Healthcare
Our startup incubator/seed accelerator support program
If you have a product/project/service/invention that is beyond the initial idea stage (which is partially developed or at a prototype level) and is relevant to the businesses that we operate in, we would like to hear from you, please apply!
If your application fits our criteria, we shall invite you to a 'Slingshot Day' where you can present to our advisory board. We shall provide you valuable feedback and insights which is a great learning experience and is a key step on the way to getting funds/support from us We shall guide you on how to develop your presentation so that when it comes to the actual 'Slingshot Day' you would already be an expert at presenting!
If your presentation is recommended for further evaluation, we shall guide you in developing a detailed business plan using all relevant tools
Your business plan will be evaluated by an internal committee and if it makes the cut, you are in Slingshot and we shall provide you with the required funding and support to take you to the next level :)
Hemas Group is one of Sri Lanka’s premier conglomerates – a widely diversified, public quoted company with a strong presence in several key sectors of the economy. The Hemas offering consists of affordable, practical and high quality products and services in the Healthcare, FMCG, Transportation and Leisure sectors.
Through its history Hemas has built a solid reputation as a partner for high profile businesses and brands around the world, building synergistic relationships that have changed the paradigms of the Sri Lankan economy. more
We accept applications at two levels — if you have a prototype developed (basically your product should have gone beyond the idea stage) or if you already have a company and is looking to accelerate its growth. - New Ventures: Slingshot invests at the early stage of a company’s lifecycle — “seed level” as the first institutional capital — this helps you validate and iterate your product and ultimately achieve product-market fit. - Acceleration: We also help existing businesses revamp their strategies, increase their addressable market opportunities, and focus on accelerating revenue growth to become a high-growth, venture-funded business.
One of the most important elements is your team. In the team, we look at the business-side founder. Ideally the best business side founders exhibit the traits of being able to sell a vision convincingly to customers, VCs, employees and the ability to know the things that need to be done to drive the business forward. Another key member is the technical founder who should have some traits such as: strong technical knowledge, tenacity, ability to explain complicated things clearly, judgment in making good tradeoffs, good product. We also place importance on the potential market size for your product. Our focus is on markets that are large enough to warrant investment. Prior experience in business is not required. Although if you have prior experience that provides an advantage to your new venture, which is a good thing.
The backers of Slingshot is Hemas Holdings PLC. One of Sri Lanka’s premier conglomerates – a widely diversified, public quoted company with a strong presence in several key sectors of the economy. The Hemas offering consists of affordable, practical and high quality products and services in the Healthcare, FMCG, Transportation and Leisure sectors. We also place importance on the potential market size for your product. Our focus is on markets that are large enough to warrant investment. Prior experience in business is not required. Although if you have prior experience that provides an advantage to your new venture, which is a good thing.
We are here to support you to develop market leading disruptive products. Since we are in a diverse set of businesses, we hope that we provide you ample opportunity to innovate and disrupt! Prior experience in business is not required. Although if you have prior experience that provides an advantage to your new venture, which is a good thing.
We have kept it as simple as possible. To understand the process please click here.
The program is operated through Hemas Holdings PLC office and is run throughout the year. So please apply if you fit our criteria!
Our funding will vary according to your investment requirements, but it will be upward of USD 10,000. The purpose is to give you enough funds to develop your prototype and make it go-to-market ready and of course to cover all start-up related expenses. In exchange for funding, we would take approximately 15-20% common stock, although the equity stake depends on capital needs and state of your business. Existing business owners can also expect funding as per your requirements and in this case we would fund you to take your business to the next level.
We feel that the value of the support provided by us, business insights and mentoring provided by Slingshot is of great value to a startup or a business like yourself. The program will provide you with a focus and enhance your chances for success and business sustainability. Once you’re in the Slingshot program and we have invested in you, we’re motivated to help you succeed by introducing you to domain experts, assisting you with business strategy and execution, sourcing next level funding and helping you along your entrepreneurial journey.
We aim to fund any startup or business which has a strategic fit with the sectors that we operate in. For more details on our businesses click here. We believe we can add significant value to you since we are experts in the sectors we operate in and we can provide you with the required resources to help take your prototype to market.
We’re not in the business of stealing ideas, and we treat application data as confidential information. Our application does not ask you to disclose anything you’re not comfortable doing so. We hope that our reputation as one of the premier conglomerates in Sri Lanka speaks for itself.
You will be contacted within two weeks if you have advanced to the interview stage. The interview will be in-person at our office where we would expect you to present what you have currently achieved with your product. Post interview, we will inform you whether the product is applicable for our Slingshot program.
• Round out your team with business, technical, and other necessary skills. • Make progress on your prototype or product and reference it in the application. • Show us you’ve really thought about your business • Demonstrate early traction or provide data points to validate your core assumptions.
No. Just fill out the online application – that’s all that’s required. Business plan requirements are in the later stage of the Slingshot program.
We avoid funding competing companies into the program.
Please refer to the ‘Advantage’ section of our website.
Let us know what they are -- they are welcomed. Email us at email@example.com
We do welcome you to get in touch with us and drop by our office on a convenient date/time.
• Who’s on the team? What are their qualifications? Do they have any startup experience? • Does the business model seem logical? • How do you make money? • How large is your market? • What does the competition look like?
You most certainly do not need to be a registered business. If we like your product/prototype we can support you to get your product market ready. Business registration can come later and we can help you with this as well. Registered businesses are also applicable and we can help accelerate your existing business.
Access to a network of mentors, industry experts, investors and staff who will guide you when you need it the most.
You get access to a variety of experts focused on business modeling, sales & marketing, startup accounting, IP protection, legal, product design, mobile technologies and much more.
We’ll work together on your investor pitches, business and product strategy, growth and metrics even before you are a part of our program.
Thanks to our network, you can build relationships and partnerships that wouldn’t otherwise be possible.
We will validate your business, and help you to meet and pitch to people who will give you a chance at $$$.
Please fill the application and send to us.
Welcome to the Challenge Center!
We at Hemas believe that there is always a solution to a problem that a business might be facing. We feel that to solve these problems we can harness the best and brightest minds out there.
If you feel you are a solution seeker and motivated to working on real-world problems then check out our set of challenges.
The best thing about the Challenge program is if you win, you could be selected for our Slingshot program and receive the required funding, mentorship, and support to help develop and commercialize your solution.
Please note that you don’t need to be enrolled in our Slingshot program to work on our Challenges, so go ahead and take the plunge!
To find out more about any of these challenges, you can reach us at firstname.lastname@example.org
The startup scene in Sri Lanka is bigger than ever right now. With things moving so fast, we’d like to slow things down and get some perspec ...