Business
A first for Sri Lanka and South Asia: Hatch awarded best co-working space in the world
Hatch, a Sri Lankan co-working space, startup incubator and accelerator was awarded The Best Co-Working Space in the world at the Global Startup Awards 2021. This is the first time a Sri Lankan or a South Asian organization has secured a win in this category, marking a momentous milestone for Sri Lanka’s startup ecosystem.
The award for best co-working space acknowledges a “co-working space that deserves the recognition of its services, support and resources to fast-growth startups, and for creating a culture and environment that fosters innovation and focuses on positively impacting the world.”
Hatch was selected from two rounds on a regional and global level from more than 18,000 nominees. To secure the coveted final win, Hatch won against five world-class global finalists who had been awarded regionally. The Global Startup Awards seeks to recognise the “future-shapers” of the world and has awarded companies like UiPath, Zendesk, Supercell, Turbine and Grab over the last decade.
For Hatch, the global accolade is a welcome validation of their work over the years. “We are thankful that within just three short years, our vision and efforts to be a platform for entrepreneurship and innovation is recognised on a global stage. This is a reflection of the evolution, phenomenal growth and capacity of South Asia’s ecosystem of startups. We’re excited to show the world that the emerging startup ecosystem in Sri Lanka is advanced, powerful, and is fostering the next generation of startups. The strength and resilience of any ecosystem lie with its community – our sincere appreciation goes out to all our partners, mentors and supporters who have contributed towards forging this vibrant ecosystem and placing Sri Lanka firmly on the map. Despite the challenges of the past years, we are hopeful for our journey ahead,” said Brindha Selvadurai-Gnanam, CEO and Co-Founder of Hatch.
With locations in Colombo 01 and Jaffna, what sets Hatch apart is its commitment to offering much more than physical space. Since its inception in 2018, Hatch has worked to nurture startups and offer a vibrant atmosphere in which entrepreneurs and disruptive organisations can thrive. With hybrid working options for corporates, SMEs and startups, Hatch’s spaces and facilities are designed to enable effective co-working and collaboration with an emphasis on user-friendliness and creativity. It has created positive impact and knowledge sharing through seven pioneering programs – Kickass, Green Energy Champion and HatchX FinTech to name a few. These bespoke programs are built with a deep understanding of the current needs of each startup and provide them access to local and international resources, networks and capacity building techniques. These programs lead to much needed market access opportunities beyond Sri Lanka.
Collaboration is at the core of Hatch’s ethos. Hatch actively partners with several private sector organizations, Sri Lanka’s public sector as well as international agencies to incubate and accelerate the growth of the Sri Lankan startups and are now working with regional ecosystems to nurture talent and create market opportunities.
Hatch fosters an inclusive culture that is supportive and agile, innovating new opportunities, including creating pathways for underrepresented entrepreneur communities. Their commitment to this was demonstrated through the launch of Sri Lanka’s first-ever women-focused accelerator program AccelerateHER during the World Entrepreneurship Week.
“Bringing a global platform for local entrepreneurs has been the forefront of our vision. This award enables us to continue to position Sri Lanka and Hatch as an entrepreneurial hub globally and showcases the depth and range of our work,” noted Nathan Sivagananathan, Co-Founder of Hatch.
The Global Startup Awards seeks to find, publicly recognise and connect dynamic startups on different verticals and maturity levels, investors, incubation/acceleration programs, coworking offices and influential founders, working closely with hundreds of local partners. Founded in 2012, it is the world’s largest independent startup ecosystem competition recognizing the best startups, individuals, VCs, co-working spaces, accelerators or incubator programs from all over the world.
“When Hatch was recognized as the best co-working space in the South Asian Region in 2020, I thought we had reached the pinnacle. However, to be on the same platform with great communities like ImpactHub and Mesh, whom we used to benchmark against, is a dream. With the right conditions and mindset, an effervescent community, mutually supportive partnerships and a whole lot of hard work, anything is possible. Hatch stands as a shining example of this,” concluded Jeevan Gnanam, Co-Founder of Hatch.
Business
Climate compliance pressure mounts on Lankan businesses
Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.
Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.
The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.
The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.
Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.
Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.
Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.
Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.
Business
SPAR Sri Lanka Opens New Outlet in Kurunegala
SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.
The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.
The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.
Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.
“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.
The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.
The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.
SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.
Pic and Text by SK Samaranayake
Business
Royal end title drought with dramatic shootout triumph
Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.
The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.
With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.
A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.
Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.
Royal finished runners-up when the tournament was held in Matale last year.
The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.
Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.
In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.
Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.
In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.
Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.
A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.
For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.
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