Government Initiatives for Startup Recovery: Navigating Funding Gaps
To prevent a "brain drain" of entrepreneurial talent following recent economic hurdles, the government has rolled out a series of initiatives focused on startup recovery. Key measures include a 2-year tax holiday for tech startups registered in 2025 and a matching grant scheme for angel investments...
To prevent a "brain drain" of entrepreneurial talent following recent economic hurdles, the government has rolled out a series of initiatives focused on startup recovery. Key measures include a 2-year tax holiday for tech startups registered in 2025 and a matching grant scheme for angel investments.
The Ministry of Technology stated that these measures are designed to de-risk early-stage investments. "We need to keep our innovators here. By bridging the funding gap, we give them a reason to build for Sri Lanka," the Minister said during a press briefing.
References:
- Ministry of Technology: https://www.mot.gov.lk/
ICTA Sri Lanka:https://www.icta.lk/
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