Hatch has launched the ‘Mesh Fund’, an initiative dedicated to strengthening Sri Lanka's start-up ecosystem through community-focused support with Hatch investing 10 per cent of its profits into this fund.
“This will provide resources, mentorship, and financial support to early-stage entrepreneurs, creating a network where start-ups can thrive, support one another, and grow together. At Hatch our purpose is to support start-ups and create a thriving community; what better way than to invest back into what we believe in,” the company said in a statement.
In Sri Lanka, one of the biggest challenges facing early-stage entrepreneurs is the lack of accessible funding. Many promising start-ups struggle to find the resources they need to grow and succeed, which hampers innovation and stifles economic development. This is the problem Mesh Fund was created to solve. “We believe that funding for start-ups shouldn’t be a privilege reserved for a few, but a pathway accessible to all with the drive and potential to create change. Mesh Fund exists to fill this gap and to fuel social good by investing back into the community,” the statement said.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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