Rebooting The Economy: Hatch Startup Community Shows How It’s Done

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Hatch and its network of startups raised $1 million in funding in 2023, demonstrating they have a blueprint that demands our attention. Amidst the economic turbulence that has engulfed Sri Lanka, a beacon of hope emerges. Hatch, co-founded by Brindha and Jeevan Gnanam and Nathan Sivagananathan, and its startup community have raised an impressive $1 million in 2023 (as of September). This achievement isn’t just a financial milestone, and $1 million is not much compared to other businesses – let alone sectors – in the economy. However, it embodies what it will take for Sri Lanka to change its economic fortunes. “We started this year with the ‘Troubled Nation to Startup Nation’ initiative,” said Brindha, recalling the origins of their journey. “In the last six to nine months, we’ve witnessed a resurgence in the startup ecosystem. Through problem-solving, these startups can offer solutions that have global relevance. That’s the essence
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Four Hatch Startups Secure Significant Funding Igniting the Local Startup Ecosystem

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Four Hatch startups: Hyperglade, Miris by Islandmom, True by Tina, and Feelo have acquired funding to take their businesses to the next level. The most significant of these funding opportunities came from Silicon Valley investor Tim Draper who funded Hyperglade with USD350,000 proving that the local entrepreneurial talent among Hatch startups is capable of making a global impact. Hatch prides itself on being the center of gravity for all things startup empowering entrepreneurs, through its startup incubator and accelerator programs and co-working space. Hatch strives to connect entrepreneurs by creating a collaborative environment that provides equal opportunity to all, with the goal of creating a thriving startup ecosystem that powers Sri Lanka’s economy. At the start of 2023, Hatch launched an initiative titled ‘Sri Lanka: From Troubled Nation to Startup Nation’ to highlight how Sri Lanka’s top entrepreneurial talent could pave the path to recovery. The first part of this
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