Spiralation – Briefing Sessions for Interested Applicants
“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 ventures. Budding Entrepreneurs with a vision of launching their ‘Technology Startup’ and seeking assistance to foster their ICT business ideas are targeted.
A subsidy of 75% of the total project cost or up to a maximum of LKR 1,000,000.00 available for tech start-ups with new innovative ideas/concepts. In addition, selected applicants will receive other benefits including mentoring, capacity development training, global and local exposure, etc.
New start-ups (registered or looking to register) and registered companies which are less than 2 years (calculated as of application date) in existence are eligible to apply. The proposed company should have a minimum of two directors/promoters and should be limited to ten employees.
This year, Spiralation Seed Funding program has partnered with crowdisland.lk to further support startups. The partnership provides an avenue for startups to accelerate their growth through custom training and mentoring. Startups can also use the CrowdIsland platform to raise further funds (more than LKR 1Mn which is provided through the Spiralation grant). This would be an optional path and startups will have the opportunity to select based on their preference.
If you are interested in applying and want to know more about the program or have any questions before applying, please attend the Applicant Briefing Session where we will be explaining to you the whole program and clearing out any doubts you have.