In calling for bids for the procurement of application software, where the estimated cost is less than Rs.02 million, such bids shall be called exclusively from startups, those who are published in StartupSL. For the purpose, startups are those that have been incorporated as a business for period more than six months and less than five years.
Special finance schemes for startups. Government concessions, loans, grants and in future tax holidays as well as other tax benefits will be available for startups. Government led venture capital schemes could also be accessed by the registered startups.
Startup Sri Lanka will have partnerships among different professional bodies within Sri Lanka and overseas, where Sri Lankan startup ecosystem could benefit out of the links in terms of expanding their business within the country and outside the country.
Startups will be given information and subsidized rates for expanding outside Sri Lanka. Registered startups will be given priority when taking part in global access market programs led by government initiatives.