- Sri Lanka’s young startup ecosystem brims with potential for regional expansion.
- Founders understand scaling, but lack sales skills – diaspora partnerships could help.
- Strategic location offers gateway to tap Southeast Asia’s booming startup scene.
Blossoming buds
Sri Lanka’s tech industry spans 35 years, but its startup ecosystem is fairly young – under 15 years old. Yet, the current phase brims with potential.
Founders grasp VC funding mechanics, understand scaling needs, and view Sri Lanka as a test bed before regional expansion.
The island nation boasts a deep pool of tech talent employed by global giants like Microsoft and Google. However, many lack business acumen to build and sell their own products.
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Engaging the Sri Lankan diaspora could bridge this gap through co-founder partnerships.
Regional thinking, neighborhood perks
Though small, Sri Lanka’s startup ecosystem must look beyond domestic shores. Its strategic location offers a gateway to Southeast Asia’s booming scene.
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Founders should capitalize on regional tailwinds, especially from neighbor India. Singapore is the nexus to engage for pan-Asian expansion.
To read the original article: https://www.techinasia.com/sri-lankas-startup-ecosystem-thrive