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Seedstars Looking for Startups in Sri Lanka

Global seed-stage startup, Seedstars World has announced the decision to come to Sri Lanka. Seedstars World promotes, connects and invests in emerging market startups through its exclusive startup competition in 60 countries and will be in Sri Lanka on June 30.

 

Companies selected to pitch at Seedstars Colombo need to be less than two years old, have raised less than $500,000 in funding and have built a minimum viable product, ideally with existing traction. The company is searching for one additional criterion – the startup’s regional and global scalability.

 

“Seedstars World is a platform connecting investors to the next generation of startup entrepreneurs, pulling the spotlight from Silicon Valley and Western Europe. After three years of our existence, we have definitely confirmed our initial hypothesis that the best way to have an impact in emerging countries is by investing and promoting entrepreneurship,” explains Seedstars World CEO Alisée de Tonnac, “Our previous startups are showing an impressive track record, and we are looking forward to seeing what the startups of the fourth edition will bring.”

 

Up to eight of the best seed stage startups in Sri Lanka will be invited to pitch for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland.

 

In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars World is closely working with Mangala Karunaratne from Startup Sri Lanka (a SLASSCOM initiative), who is representing the initiative throughout the year. Further support is provided by the Main Sponsor for the event MAS Holdings and National Partner, ICTA.

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