LAN opens Colombo 3 Incubation Centre for start-ups
View(s):The Lankan Angel Network (LAN) recently announced the opening of a new Incubation Centre at 33, Lauries Road, Colombo 3, providing office space, conference rooms and other support services for the start-ups that it is funding.
Further, the announcement also revealed several important new developments shaping LAN’s future, one of which is its recent accreditation as a “member of Asian Business Angels Forum (ABAF), an organisation of premier Angel Investor networks in the Asian region”.
Elaborating even more, the statement indicated that a “further advantage of this new association for Sri Lankan entrepreneurs is that ABAF hosts an annual meeting with US- and Europe-based Angel Investor networks, in an ongoing effort to both share best practices and connect with other international networks. As a result of this new association, startups from Sri Lanka will finally have access to truly global funding sources and practices, while also expanding the number of potential investors they can tap. Importantly, the Lankan Angel Network has already facilitated a number of Sri Lankan startups receiving funding from both the Indian and Singapore Angel Networks, and this new relationship with ABAF will offer local ventures more options that are even further afield”.
In addition, it also emerged that LAN will be extending its activities in the North and South of Sri Lanka. In the North, specifically in Jaffna, LAN will be extending its partnership with Yarl IT Hub by opening up a full time office for potential entrepreneurs by end of 2015. In the South, LAN plans to host an annual hackathon and business plan competition in Galle.