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LAN, Ford Foundation announce landmark partnership to help entrepreneurs grow
The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the growth of Sri Lanka’s startup ecosystem. The grant of USD 300,000 is the first of its kind for the Ford Foundation in Sri Lanka and will be utilized to reach entrepreneurs across multiple sectors island wide.
LAN launches Sri Lanka’s first Angel Fund to invest in local startups countrywide
A first of its kind in Sri Lanka, this Fund will be LAN’s flagship initiative moving forward, and is based on Rs. 100 million in investments from 100 individuals investing Rs. 1 million each.
‘HatchX’ Sri Lanka’s first fintech accelerator launched virtually
Despite the volatile condition in the country and the world due to the pandemic, Sri Lanka's first fintech accelerator program launched virtually on April 23rd 2020. This is also the first virtual accelerator to be launched in the South Asian region overall during COVID-19.
Sri Lanka’s Rs. 100 m Angel Fund accepts applications from startups
The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner Ford Foundation, has begun accepting applications from early-stage startups in Sri Lanka with regional and global growth potential that is not limited to the tech industry. These could encompass innovative ideas in the verticals of BFSI, agriculture, education, healthcare and supply chain and logistics, to name just a few of the Fund’s areas of interest.
Sri Lanka’s Angel Fund shortlists 5 startups for investment
The Angel Fund, the first of its kind in Sri Lanka, has shortlisted its five early-stage startups for potential investment; Niftron, Traccular, Medica, Soulboner Clothing, and Ophir.
Sri Lanka’s first fintech accelerator shines a light on 7 startups
Following months of preparation, HatchX, Sri Lanka’s first fintech accelerator, hosted its big day late last year at the Hatch premises. HatchX Demo Day aimed to showcase the seven selected fintech startups in the programme while building awareness on the overall initiative among the Sri Lankan community.
LAN, FORD Foundation support AOD’s Young Creative Entrepreneurs through DFSD
Announcing a new collaboration under their long-standing partnership with Lanka Angel Network to develop impact driven entrepreneurs, AOD strengthens an area it sees as a core of its future for the success of its Design alumni being future proof.