Lakeba Innovation Tournament with COBA

Lakeba Innovation tournment with Coba turned off

The Project COBA -Innovation Incubator-

The project started as an “Innovation Incubator” and was organised in three stages:

Stage 1: Ideation Day, when teams formed ideas

Stage 2: Innovation Incubator – Pitch Day -, when teams presented ideas

Stage 3: Showcase Day, when teams presented prototypes, culminating on the 25th February 2016.

These prototypes are now ready for development thanks to the hard work of all the participants, the guidance of business mentors, and the support of COBA members with their generous donations of time, funds and people.

“Without questions, just go and do it. If you like thinking outside the box, get to create your own box!” said Mathew Khoury, teachers’ Mutual Bank (bare) and contributor of the event.

The sentence reflects the spirit of the project which received positive feedback from almost all the attendees.

As Mark Degotardi, the CEO of COBA, stated at the beginning of the video: “We can actually do something here together”. Ideas are captured and analysed in detail, transformed step by step into something real, and evolve into viable solutions to improve banking and financial processes.

The events took place in Lakeba offices, we are proud of having so many brilliant minds under our roof; we are grateful to be engaged witnesses of the creativity process that brings COBA to increase innovation, proactivity and enhance their industry.

It was a wonderful achievement for all industries involved and Lakeba looks forward to working with COBA and its members again to commercialise the prototypes presented during the event.

Watch the video Lakeba & Coba 2016

Download PDF here

About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.