Innovative Lankan firm firm Paymedia picked for Global Connector Program

The Pay Media team attending the Global Connector Program in Singapore

MIT’s Global Startup Labs (GSL) and the Singapore Campus for Research Excellence and Technological Enterprise (CREATE) are joining forces to offer the Global Connector Program (GCP) to alumni of MIT GSL’s incubator programs. 

The Global Connector Program asks for each startup to submit a single application. The startup must have been founded by at least one MIT GSL alumnus and the award will cover travel for two MIT GSL alumni who are current founders/employees of the startup.

The Global Connector Program, which is to be held in Singapore from 19-28 January 2016, will provide MIT GSL alumni with the opportunity for advanced training, technical mentorship, networking and publicity.

One of the previous year’s startups — PayMedia — a company that provides custom solutions for finance and telecommunication domains,  founded by GSL students Kanishka Weeramunda, Dasun Rathnayake, Dinesh Eranga and Thilanga Liyanage, received  the honor of attending  this program .

During the short span of time since its inception, PayMedia has won many accolades to bring acclaim and recognition to the country.  

PayMedia has already been presented with three awards, including the Gold Award for Best Startup of the Year 2015 from the National Best Quality ICT Awards in Sri Lanka, while its founder Kanishka Weeramunda has been recognised as the Most Valuable ICT Entrepreneur of the Year 2015 for starting PayMedia.

“We are both happy and proud to have been able to win this opportunity. New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created for countries. We hope that at PayMedia we have helped to achieve this in our own way for our country. We look forward to taking part in the Global Connector Program and hope to bring much knowhow and new ideas for even more innovations through the opportunity that we are getting by attending this program,” said Weeramunda. 

PayMedia Tech-Lead Thilanga Liyanage said that the Global Connector Program created a good opportunity to learn how to take the company to overseas markets and also how to present it at the EmTech Asia Conference from 26-27 January. Thilanga  will also be taking part in the Global Connector Program representing PayMedia in Singapore. 

PayMedia said it was looking forward to expanding into the European and Asia Pacific markets in 2016.