Ekva to power Sri Lanka's start-ups

LOS ANGELES - March 9, 2023 - PRLog -- A high-profile team from Ekva LLC, a US company with strong Sri Lankan roots will launch their accelerator in mid-March in a bid to strengthen, support and grow local start-ups.

Ekva is a company with equal opportunity irrespective of language, colour, gender identity or persons differently-abled entrenched in their ethos.

Their accelerator, uniquely called ek'celerator will accept applications from incorporated or non-incorporated startups at any stage from an idea, proof of concept  (PoC), or minimum viable product (MVP) to those vying for traction and early revenue.

Amith Boteju, CEO Ekva said the ek'celerator will place the candidates through specialised educational courses to enhance their skills such as finance, management, relationship building, language,  presentation skills, go-to-market strategies, crisis management, and fund raising.

Selected startups should aim to raise the first round of seed funding in 6-12 months and will be selected by the Ekva Investment Committee (IC) to participate in a part-time accelerator programme during a 3–4-month period to build their companies. The companies will receive a pre seed investment from Ekva Accelerator to support the company and fast track its development during the program. Selected companies will participate in the program while working full time in company building.

Initial rounds will be done in major cities such as Colombo, Jaffna, Kandy, and Galle with the finale done Live in Colombo.

Mr. Boteju added that exclusive video production will be made and there will be a live YouTube and Television broadcast of this program.

The local and international TV rights are under negotiation, he added.

Ekva (https://ekva.io) has established international expertise with decades of experience in entrepreneurship, financial management, marketing, fundraising, entertainment, and business management from the US and Europe.

"We will give umbrella support in HR, Legal, Marketing, Accounting &  Compliance to the selected startups," Bradley Seelig, CFO said noting, "Our long-term aim is for Sri Lanka to join the Unicorn Club within the next 10 years, hopefully with one of our portfolio companies."