ECONOMYNEXT – Macubator, a start-up accelerator backed by MAC Holdings (Pvt) Ltd, a logistics group, said it hopes to support aspiring entrepreneurs and university students in Sri Lanka and the region to commercialize their ideas.
“Macubator was conceptualized to create awareness and reach new potential entrepreneurs and new idea generators with a platform that strengthens the start-up ecosystem in Sri Lanka and the Indian sub-continent,” Andre Fernando, Managing Director of MAC said in a statement.
“This initiative facilitates collaboration between MAC and the start-up ecosystem to support individuals who are brimming with promising new ideas but face limited financial resources to commercialize their ideas.”
The accelerator is backed by the Guardian Angels Fund, a venture capital fund of MAC Holdings (Pvt) Ltd.
It is supported by a diverse panel of industry experts from the Sri Lanka Association for Software Services Companies (SLASSCOM); Sri Lanka Technological Campus (SLTC) Research and Innovation; University of Colombo Faculty of Arts Alumni Association of Tourism Economics and Hospitality Management, and NSBM Green University
MAC has also established ties with the University of Moratuwa Department of Transport Management and Logistics Engineering for collaboration.
Applications are available at www.guardianangelsfund.com.
The winners will receive financial support and exposure for their start-ups.
“There is a lot of untapped talent in Sri Lanka and the Indian sub-continent which needs financial backing. We hope Macubator will broaden the horizons amongst the younger generation for value generation,” Gayan Maddumarachchi Group Director/Regional Director – Freight and Logistics of MAC Holdings, said. (Colombo/Dec15/2023)