A startup is a human
institution designed to
deliver a new product
or service under conditions
of extreme uncertainty.
- Eric Ries - The Lean Startup -
SLASSCOM Startup Report 2019
The Sri Lanka Association of Software and Service Companies
(SLASSCOM) launched the “Sri Lanka Startup Report 2019”
to understand the current startup ecosystem in Sri Lanka,
identify the challenges faced by ecosystem players and
strategize the way forward.
The report draws its findings on Sri Lankan startups from a
survey sent out to the startups currently registered with
SLASSCOM. Most of these startups have been in operation
for at least one year. The profiles of featured startups have
been put together following interviews with the founders.
The challenges faced by the ecosystem at present and the
way forward have been compiled based on research and
discussions with key ecosystem players.
One of the unique selling points of Sri Lanka is that a startup
based in Sri lanka can enter into the other South Asian
markets of Pakistan, India & Bangladesh without being
subjected to any geopolitical issues. International startups
such as Oyo, Ikman and international startup brands like
Startup Weekend by TechStars, Seedstars, AngelHack
venturing into Sri Lanka are positive indicators of our
A very important part of our $5Bn goal and employment goals is the Startup ecosystem. We believe
that the companies that will help us achieve this target by 2022 are yet to be born or in the nascent
stages right now. This is the opportunity in front of us that all of us can become a part of and support.
The opportunity is that the world is changing at a faster pace than ever before. With the onset of the
fourth industrial revolution and pace of change, the opportunities or gaps in market are best
addressed by new exciting business models, unhindered by old legacy systems; fuelled by innovation