- 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.
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.
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
