The Future

Sri Lankan Identities in Digital view

Business Development Officer Technical Advisor ILO-SIYB Master Trainer Department of Industrial Development & Enterprise Promotion- Central Province P.O.Box 63,Gatambe, Peradeniya, Sri Lanka

Sri Lanka

Asian Country in Indian Ocean The Pearl of the Indian ocean

Population - 20.2 million Male - 48% Female - 52% Literacy Rate - 94%

Nationality – Sri lankan Languages – Sinhala/Tamil /English Currency – SL Rupees

is a dynamic process of business development.

nurture young firms, helping them to survive in their early stage.

Incubators provide:

Infrastructural support i.e. office space, meeting room

Technical expertise

Platform to do networking

Management training and assistance

Other support services, specific to incubators

Social Business Incubator

and Acceleration

Progrmme for Women

Entrepreneurs

SMEs plays a vital role in the economic growth of the country.

SMEs contribution

GDP 50%

Employment 65%

Value addition 45%

To increase the contribution to the GDP by women . To increase the income of family units. To expand the grass rout level businesses to SMEs. To Enhance skills for women of Sri Lanka specially in technology oriented enterprises Motivate highly educated females to start business To minimize migrate as unskilled workers to middle east countries by providing opportunities in technical skills .Create a country with a healthy production economy.

The main constraints of SME sector Lack of knowledge in business management skills

Lack of technical Know-How

Limitations of available advanced technologies

Lack of Skill development guidance

Region wise Development Central provincial government plan to

implement a program to incubate businesses

Address these challenges faced with an accelerated program

Role of female entrepreneurs is critically important in the regional development

Project Definition Incubator facilitates by educating learning and

organization of development by acting as a focal point

Focal point enable meeting and partnering with other business peers investors and support agencies.

With incubator aim to create conducive environment by providing tangible facilities

Focal Point- Incubator Tangible facility associate with wide range of

development support

Critical service needed for young social enterprises to grow and sustain and thrive

Program duration 12 months

Include training and one to one and off site advise by professional business advisors

What is provided in the program?

Nature of assistance- Bespoke business support

Assistance will be Nonfinancial Resource through structured and

comprehensive program delivered by a group of professional advisors and Mentors

Each participant will have a dedicate business advisor and access to mentors of different skills and expertise

During the programe period the incubates will operate from their own locations except during residential training sessions and exposure visits

Assistance will be Nonfinancial

Strengths of the country Highly educated Youth population including

graduates and diplomats trained by the government free of charge

Free education up to graduate level

Ample Natural resources

Relative freedom from natural disasters

Recent relief from the grip of terrorism

Many more

Benefits of Incubation Economy Good Governance

Enterprises

The new technology / product gets developed

Informed investment choice

Possibilities for takeover

Public sector /Govt.

Economic development

Social benefits

Encouragement to innovate

To Name a few To Name a few

Main Activities of CP SMFED:Central

Province small and medium scale female entrepreneur development

Incubate early stage entrepreneurial ventures based on technology and innovation.

Create physical infrastructure and support systems necessary for business incubation activities.

Facilitate networking with professional resources, which include mentors, experts, consultants and advisors for the incubatee companies.

Identify technologies/innovations which have potential for commercial ventures.

Promote and foster the spirit of entrepreneurship.

Carry out activities that facilitate knowledge creation, innovation and entrepreneurship activities.

Prosperous and peaceful Sri Lanka with numerous Female entrepreneurs who

uplift and sustain the national economy

Thank You

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