Kaleidoscope (Pvt) Ltd. recently announced the launch of the Lanka Accelerator brand in Sri Lanka. Lanka Accelerator is powered by India Accelerator (iA) which was adjudged the Best Accelerator in India by Start Up India. Lanka Accelerator’s agreement with India Accelerator is to help support its design, development, and success.
India Accelerator is part of GAN (Global Accelerator Network). The GAN is a ‘By-Invite’ network of over 80 of the most highly respected accelerators on six continents and more than 100 cities around the world. To date, the network has helped some 3,200 companies receive over $4.8B USD in funding and create 21,000 jobs globally.
Realizing entrepreneurial potential via Lanka Accelerator
Santosh Menon, Chairman Kaleidoscope (Pvt) Ltd. and Founding Partner of Lanka Accelerator said “I am truly delighted to announce the launch of Lanka Accelerator in Sri Lanka. There is no better time than this to launch such an enterprise. There is a crying need to unleash the entrepreneurial spark among the young and Lanka Accelerator aims to do just that”. He further added, “This is an unprecedented opportunity for corporate Sri Lanka to seek solutions to any problems that might enhance their efficiency and productivity- with the competence and expertise of India accelerator in offer. We will combine to offer unique customized solutions to the challenges Sri Lankan corporates face. The combination of high-quality Sri Lankan tech expertise combined with the best start-up solutions from India will add tremendous value to local businesses”.
Chanithi Gunasekera, Founding Partner of Lanka Accelerator said “There are many young people who have great business ideas, but give up because they can’t see the way forward in terms of technology support, legal advice, marketing inputs, financial planning or due to lack of investment. We would like to bring the entire ecosystem to Sri Lanka to give confidence to future unicorns that anything is possible”.
India Accelerator was adjudged the best accelerator in India- which in the last 5 years has redefined elements of the startup ecosystem in India.
Ashish Bhatia, Founder and CEO of India Accelerator said “We are excited to power Lanka Accelerator with our expertise and competencies. The aim is to open all the services that sit within the India Accelerator Multiverse. Startups can have a powerful positive impact on society at large. From creating jobs to providing purpose, to creating wealth, to improving GDP. Sri Lanka’s start-up ecosystem is in its nascency and there are a lot of upsides for everyone involved. Lanka Accelerator, powered by India Accelerator will offer incubation, mentorship, tech and educational support through our labs, and access to a cohort system to accelerate ideas from infancy to full development. We will also bring iAngels, our network of over 1500 global investors to support Sri Lankan Startups through investments”.
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