Sri Lankan Identities in Digital view

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3 Sri Lankan Identities in Digital view

4 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

5 Sri Lanka Asian Country in Indian Ocean The Pearl of the Indian ocean Population million Male - 48% Female - 52% Literacy Rate - 94% Nationality Sri lankan Languages Sinhala/Tamil /English Currency SL Rupees

6 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

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8 Social Business Incubator and Acceleration Progrmme for Women Entrepreneurs

9 SMEs plays a vital role in the economic growth of the country. SMEs contribution GDP 50% Employment 65% Value addition 45%

10 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.

11 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

12 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

13 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

14 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

15 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

16 Assistance will be Nonfinancial 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

17 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

18 Benefits of Incubation Economy Enterprises The new technology / product gets developed Informed investment choice Possibilities for takeover Good Governance Public sector /Govt. Economic development Social benefits Encouragement to innovate

19 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.

20 Prosperous and peaceful Sri Lanka with numerous Female entrepreneurs who uplift and sustain the national economy Thank You

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