Innovate Lanka to Select, Fund, Mentor, and Accelerate Budding Startups and SMEs


Innovate Lanka is a national initiative that brings all the startup and SME ecosystem partners together to build our nation providing customized support for every entrepreneur and be the one-stop-shop for entrepreneurs to obtain funding, mentoring, incubating, accelerate, and grow them until maturity or exit.

This is an initiative of the Council for Startups (CFS) of The Ceylon Chamber of Commerce (CCC), Lankan Angel Network (LAN), and Sri Lanka Association for Software Services Companies (SLASSCOM).

Innovate Lanka is inclusive for all stakeholders who work and operate in the startup and SME ecosystem domain. Information and Communication Technology Agency (ICTA), Export Development Board (EDB), and Industrial Development Board (IDB), being the National Partners; and the Council for Startups of the Ceylon Chamber of Commerce is the Industry Advocate; Lankan Angel Network, Indian Angel Network, Global Business Angels Network, BOV Capital, Venture Engine and nVentures being the Investment Partners; KPMG, and PWC being the Knowledge Partners, SLASSCOM, and Sri Lanka @100 being the Ecosystem Partners; Wijeya Newspapers, Roar Global, The 87 Agency, and LMD being the Media Partners; Are We Legal, and Heritage Partners being the Legal Partners; and The American Chamber of Commerce in Sri Lanka (AMCHAM-SL) being the Business Network Partners; Venture Frontier, Hatch, Lanka Accelerator, Good Life X, Centre for SMEs of the Ceylon Chamber of Commerce, and Youth Business Sri Lanka (YBSL) being the Accelerator and Incubator Partners for this initiative. These entities have joined together to facilitate Sri Lankan entrepreneurs in accessing opportunities that will make them truly competitive in global markets.

What is Innovate Lanka? – Resource Platform for Startups and SMEs


Innovate Lanka is a platform, that assists startups or SMEs with an innovative idea helping them with funding, accelerating, and mentoring until maturity or exit.

The selected applicants or entrepreneurs will be called for a pitching and Q&A session on the 2nd of September 2022, and the finalists shall be selected to participate at the Innovate Lanka 2022 Demo Day, which is scheduled to be held on the 9th September 2022 at Elegance, Colombo.

This competition aims to fund early stage startups and SMEs those clearly solve a problem with an innovative solution for a large addressable market. Innovate Lanka is open to any startup across all sectors island-wide in all 3 languages.

The winner of Innovate Lanka 2022 will enter the (Global Entrepreneurship Network) GEN-Global Programme, where they will take part in the Entrepreneurs World Cup 2022 Regional programme. At the same time, all entrants will have the opportunity to secure funding via LAN and, its extensive global network of international Angel Investors and VC (Venture Capital) firms.

The programme will have a number of business domain and tech experts to mentor, accelerate, and assist them with go-to-market (GTM).

How to apply ?

Call for applications starts on     : 11th August 2022

Applications accepted until        : 30th August 2022

Please submit your duly completed applications to

For any assistance or clarifications feel free to contact the Innovate Lanka Secretariat on our email: [email protected] or via our hotline: 077-703-9889