Ekva to energise Sri Lanka’s startups

sri lanka tech startups

Ekva LLC, a US company with strong Sri Lankan roots spearheaded by Amith Boteju, CEO will be in Sri Lanka to find promising startups in any industry for the company’s accelerator.

“We aim to invest and guide promising startups to build sustainable businesses and raise funds. Selected startups will be offered an investment from Ekva and will be invited to join the program scheduled to start in Q3/2023 followed by a demo day to further raise funds,” Boteju who will be leading the high-profile team to Sri Lanka from20th to 25th of this month to find promising start-ups, said.

The Ekva Accelerator initiative uniquely called Ek’celerator was established in 2022 to support and empower promising entrepreneurs."We will accept
applications from incorporated or non-incorporated startups at any stage from an idea, proof of concept (PoC),or minimum viable product (MVP) to those vying for traction and early revenue,” Mike Tankel, CMO Ekva LLC said.

He added that the company will invest 50% of the funds required to support 50-100 selected startups in the Ek’celerator One Cohort.

The Council for Start Ups (CFS) of the Ceylon Chamber of Commerce plays a
significant role in the startup ecosystem in Sri Lanka are partnered with Ekva and will lend its support and guidance to ensure its objectives are achieved.

Prajeeth Balasubramanium the Chairman of The CFS noted that in line with its goals the CFS will actively promote and encourage the corporate members of the Ceylon Chamber to participate in the Ekva Ek’celerator programmes to help start ups go to market.

“We will also encourage and promote Co funding along with EKVA to grow the lankan startups.”

The Ek’celerator One Fund will be a subsidiary of Ekva LLC and managed by its local management team. Ekva will secure special support from partners such as AWS, Google, Azure, Sales force, Hubspot, etc. to provide essential tools to the selected start-ups.

“With Sri Lankans at the lead, we understand the local needs, local flavour, and local thinking. We teamed up with international experts who have worked in topmanagement positions at leading corporate giants such as JP Morgan, Deutsche Bank, AT&T, Cirque Du Soleil, MGM Hospitality, Akon Legacy Ventures, Rabo Bank, Finish Line etc. to bring in international expertise to find bright lights in the country,” Tankel added.

He said the company aspires to give umbrella support in HR, Legal, Marketing, Accounting, and Complianceto the selected startups.

“Our long-term aim is for Sri Lanka to join the Unicorn Club within the next 10 years, hopefully with one of our portfolio companies.”

Ekva / එක්ව / ஒன் றாக/ Together is a company with equal opportunity
irrespective of language, colour, gender identity or persons differently-abled entrenched in their ethos.

Notify of
1 Comment
Newest Most Voted
Inline Feedbacks
View all comments
Sarath Premakumara
1 year ago

Green Globe Organics put. Ltd is currently engaged in value chain development of the traditional Kthul industry to develop the living standards of the rural community in Kithul growing areas in SriLanka. This project aims at, introduction of short stemmed kithul hybrid to promote the commercial kithul farms and kithul based agro-forestry systems which is Eco-friendly and Economically sustainable. I believe EKVA can think of investing in this project.
Sarath Premakumara. Managing Director. Green Globe Organics put. Ltd.
Whatsapp- +94 765417735.

Would love your thoughts, please comment.x