Sponsoring Agency: Spiralation
Type of Fund:
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/10/2021
Size of the Fund: USD $50,000 to $500,000
“Spiralation” – Tech Startup Support Program, an initiative of the ICT Agency of Sri Lanka, the apex ICT institution of the Government of Sri Lanka focuses on supporting new technology entrepreneurs.
The goal of Spiralation is to promote, encourage and support technology related entrepreneurship and innovation within Sri Lanka.
The program includes, but not limited to, seed funding, training, networking sessions, encouragement programmes, hackathons, and business promotion opportunities to breech market gaps locally and internationally.
Benefits
• Seed Funding
o Selected startups will receive upto LKR 1.5 Million in seed funding.
• Training
o All startups in the program will receive comprehensive technical and business trainings to take their business to the next level.
o The training program including following workshops but not limited to:
Lean Canvas Model Development
Finance, Compliance and Business Architecture for startups
Company Shares And Related Matters
Intellectual Property Rights
Understanding The Investor Mindset
Security Essentials
Digital Marketing
UI/UX- Problem Framing for Startups
o Depending on the applicants who get selected for the cohort, further trainings and workshops will be organized by Spiralation as per the requirements of the cohort.
• Market Access
o All startups will receive market access opportunities locally and internationally during and even after the end of the program.
o Startups will be given priority when taking part in global market access programs and partnership programs led by government initiatives.
Eligibility Criteria
New startups (registered or looking to register) and registered companies that are less than 3 years (calculated as of application date) in existence are eligible to apply. The company (or the proposed company) should have a minimum of two directors/promoters. It must be an independent entity and not a subsidiary of a larger organisation.
More information at: http://spiralation.com/about/
