Silicon Valley VC Draper backs Sri Lankan coliving scheme

Silicon Valley

Sri Lanka: Workspace operator Hatch and Draper Startup House have joined forces to launch the first calving property in Colombo.

The property is the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during a recent visit to Sri Lanka.

Through this initiative, Hatch serves to encourage digital nomad entrepreneurs to collaborate with local startups by providing the necessary infrastructure and a supportive community for them to connect and engage.

The coliving space is located at Orion City in Colombo 09, the heart of Sri Lanka’s IT industry. Known as Colombo’s first IT park, Orion City houses a diverse mix of Nasdaq-listed global companies and up-and-coming local startups.

With the addition of the coliving space, the business centre now aims to provide a space conducive to community creation, where digital nomads can engage with founders within the Sri Lankan startup ecosystem.

Since its inception, Hatch has been at the forefront of providing incubation and acceleration programs for startups and has earned recognition for its award-winning coworking space. The coliving space is an extension of these efforts.

“We seek to redefine the traditional digital nomad by attracting entrepreneurs who build businesses out of Sri Lanka using local talent and their international contacts for distribution and sales,” said Hatch co-founder Jeevan Gnanam. “Our coliving space will encourage collaboration between digital nomads and local startups/entrepreneurs to make their contributions to the local economy more sustainable and impactful, all while supporting the existing infrastructure in place from coworking spaces to startup accelerators.”

 

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