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                <p><br><img src="https://images.unsplash.com/photo-1608979449753-5d0d91c892e7?ixlib=rb-4.0.3&amp;ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&amp;auto=format&amp;fit=crop&amp;w=1000&amp;q=80" alt="aerial view of city buildings during daytime">
<br>Sri Lanka, despite not yet having enough startups to rival other Asian hotspots, shows great potential for growth in its startup ecosystem. The country has been through an economic crisis, but with international support, stabilization is on the horizon. Sri Lanka boasts a strong talent pool, and developers can aid entrepreneurs in establishing and expanding their startups through various incentives and mentorship programs.<br></p>
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<p><br>The government is actively backing the national startup scene by providing resources and creating a supportive environment for startups to flourish. The Information and Communication Technology Agency (<a href="https://www.icta.lk/">ICTA</a>) of Sri Lanka is collaborating with ecosystem stakeholders to implement initiatives that foster startup development. Through programs like the Tech Startup Support and Seed Grant Spirliation Program, new technology businesses are being prepared for the global market. Additionally, the government’s plan to establish technoparks in five cities aims to position Sri Lanka as a technology innovation hub, attracting foreign investments, and driving industrial transformation.<br></p>
<p><br>Furthermore, initiatives like the 10,000 Ideas program and the Credit Evaluation Framework, in partnership with PwC Sri Lanka, are empowering tech entrepreneurs and assisting technology companies in accessing credit facilities. <a href="https://www.startupsl.lk/">Startup SL</a>, an online platform supported by the Ministry of Digital Infrastructure &amp; Information Technology, is working towards creating 1,000 new startups by 2025, bridging the gap with regional counterparts.<br></p>
<p><br>With a strategic location and a growing startup ecosystem, international brands like <a href="https://www.techstars.com/communities/startup-weekend">TechStars’ Startup Weekend</a>, <a href="https://www.seedstars.com/">Seedstars</a>, and <a href="https://angelhack.com/">AngelHack</a> are eyeing Sri Lanka as a promising market for startups. Sri Lanka’s focus on entrepreneurship and startup support initiatives is paving the way for a bright future in the country’s startup landscape.<br></p>

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<br>![aerial view of city buildings during daytime](https://images.unsplash.com/photo-1608979449753-5d0d91c892e7?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
<br>Sri Lanka, despite not yet having enough startups to rival other Asian hotspots, shows great potential for growth in its startup ecosystem. The country has been through an economic crisis, but with international support, stabilization is on the horizon. Sri Lanka boasts a strong talent pool, and developers can aid entrepreneurs in establishing and expanding their startups through various incentives and mentorship programs.<br>

  

==read-more==

<br>The government is actively backing the national startup scene by providing resources and creating a supportive environment for startups to flourish. The Information and Communication Technology Agency ([ICTA](https://www.icta.lk/)) of Sri Lanka is collaborating with ecosystem stakeholders to implement initiatives that foster startup development. Through programs like the Tech Startup Support and Seed Grant Spirliation Program, new technology businesses are being prepared for the global market. Additionally, the government's plan to establish technoparks in five cities aims to position Sri Lanka as a technology innovation hub, attracting foreign investments, and driving industrial transformation.<br>

  

<br>Furthermore, initiatives like the 10,000 Ideas program and the Credit Evaluation Framework, in partnership with PwC Sri Lanka, are empowering tech entrepreneurs and assisting technology companies in accessing credit facilities. [Startup SL](https://www.startupsl.lk/), an online platform supported by the Ministry of Digital Infrastructure & Information Technology, is working towards creating 1,000 new startups by 2025, bridging the gap with regional counterparts.<br>

  

<br>With a strategic location and a growing startup ecosystem, international brands like [TechStars' Startup Weekend](https://www.techstars.com/communities/startup-weekend), [Seedstars](https://www.seedstars.com/), and [AngelHack](https://angelhack.com/) are eyeing Sri Lanka as a promising market for startups. Sri Lanka's focus on entrepreneurship and startup support initiatives is paving the way for a bright future in the country's startup landscape.<br>

PickMe

Axiata Digital Labs

Nemosofts

Commercial Credit & Finance

Roar Media

The country has some notable startup success stories including , PickMe.

Sri Lanka has 2 cities in the top 1000
      and is one of South Asia’s best countries for setting up a startup.

Sri Lanka’s startup scene saw an increase in 2024 and jumped
      7 spots from the previous year, outranking North Macedonia.

Sri Lanka’s startup ecosystem ranks 3rd in South Asia and 76th globally. Sri Lanka’s startups raised 294496 US dollars on average. Find the most promising startups, unicorns, and notable exits in Sri Lanka.

Startup Ecosystem of Sri Lanka | Startupblink

In 2024, Sri Lanka register a rise in
    Software & Data startups. Some of the most notable success stories in this
    industry are those of , PickMe.

With a large variety of accelerator programs and initiatives, Sri Lanka's startup scene stands out from that of other countries in South Asia. Sri Lanka offers a number of funding
opportunities for entrepreneurs and startups. Below is a list of some of Sri Lanka's most prominent support initiatives:

An inspiring ecosystem that is steadily due to its growing use of digital technologies, rapid urbanization and planned investments

WADAAG TECHNOLOGIES

Sostec

FGS Bill Tracker

Zaad

Wadaag Investment

A growing regional and global startup leader 

bitget.com

AscendEX

DeBank

Trip.com

Viki

A vibrant and strong startup hub attracting international recognition and investment

Cámara de Comercio de Bogotá

Founder Institute (FI) Bogota

RockStart Latam 

Calle 127a # 53a-45

Carrera 19 # 100 - 45

WeWork

Toastmasters Bogota

Picap

Autolab

Cubbo

Rappi

Addi

Bold

Calle 26 # 92-32

Carrera 11B # 99 - 25

A leading regional startup hub owing its succes to the creative and innovative spirit of its people 

MiraKle Lab

VentureSquare

TIPS

Staion Neo

Samseong Station II

Gangnam Station

Seoul Business Agency

SK Hynix

Toss Lab

AIV 

OP.GG

Bithumb

Fastfive Seocho 2

LocalStitch Yeongdeungpo

An innovative city with a global startup ecosystem

Nikkei

LIP. Yokohama (Life Innovation Platform Yokohama)

Project Ninja

THE BAYS

Hanzomon PREX North

Iceberg

Keio University, Hiyoshi Campus

RIKEN Yokohama Campus

YNU Yokohama National University

Locoguide

C Channel

note

PayPay

DM2C Studio

Timee

Regus - Tokyo, Kanda

OpenOffice - Tokyo, Nihonbashi Hakozaki (Open Office)

Regus - Tokyo, Ginza 3-Chome

One of the fastest growing ecosystems in Australia 

River City Labs

Buderim Meeting Rooms

The Boarding Office

INVEST Sunshine Coast

Delorean Project

Inform Ag

Coyo

NutWorks

Zitcha

Servatus

WOTSO

Inbox Workspace

A growing startup ecosystem owing to its workforce and industries.

Build2Scale Health

Queen's Startup Runway Incubation Program

Makerspace of Queen's University

Rose Innovation Hub

Queen’s University Rose Innovation Hub

Queen's Office of Partnerships and Innovation

Queen's University Smith School Of Business

Dunin-Deshpande Queen's Innovation Centre

Sparq Systems

FireRein

Green Graphite

IPG Photonics Canada

CMC Microsystems

Mosaic Manufacturing

Alon MedTech Ventures

Open Valley

Colab Square

Yokneam Municipality 

Startup Village Yokneam

Augmedics

ForSight Robotics

Rapid Medical

Chain Reaction

K2View

Pitch

From Service-Based to Product-Based Economy – Lessons from North Macedonia

Corporate Startup Activity Index 2025

The Impact of Government Support on Startups