1 of those can be a critical 2-calendar year partnership amongst the Ceylon Chamber of Commerce as well as ILO in Sri Lanka, which begins nowadays to promote entrepreneurship amongst the nation’s youth and make a a lot more enabling surroundings for aspiring business owners.

BOC’s in depth network of touchpoints throughout the island, coupled with reducing-edge technologies, makes sure that bank’s clients have easy use of an array of economic services.

lower than thirty% of Sri Lankan youth take into consideration self-work as an ideal career In line with a 2018 review. In Sri Lanka, staying an entrepreneur remains to be seen as a higher-danger, unstable job possibility, with Tastes leaning to work in the general public-sector.

over the competition’s very first round, 100 contestants were being picked from a various pool of applicants through the two types.

The remarkably predicted grand finale with the 2024 edition with the SPARK experienced Youth Entrepreneurship Competitors was celebrated on September 5. This nationwide platform for Sri Lanka’s future generation of entrepreneurs empowered five finalists from the two the ‘school’ and ‘open up’ types to showcase their innovative business Concepts. The party culminated while in the crowning of this yr’s winners.

Ceylon Chamber of Commerce Chairman Duminda Hulangamuwa said, “The passion and innovation exhibited by all of the finalists ended up promising and I am self-confident that they will go on to achieve better heights within their entrepreneurship journey.

When coupled with the creativity, generate, and capabilities of children, it makes a formidable force that will pave the way in which for reaching the ambitions from the 2030 Sustainable Development Agenda.

schooling Ministry Secretary Thilaka Jayasundara emphasised the purpose of these competitions in nurturing innovation and entrepreneurship amid students stating, “The SPARK Competitiveness is not really just about celebrating winners; it’s about nurturing an entrepreneurial mindset between all participants. It’s a platform for cultivating competencies, self-assurance, and resilience to turn modern Thoughts into fact.

With advocacy to encourage educational institutions to introduce entrepreneurship schooling into faculty curricula currently being a vital intervention of SALE, complex help is being offered into the Ministry of Education and the National Institute of schooling (NIE), to the incorporation of

the outcomes of which can be an entrepreneurial society characterized by ‘drive’ components, with individuals compelled to show in the direction of entrepreneurship outside of necessity, as opposed to the commitment to make the most of a chance.

we're committed to continuing to assist and empower youthful business owners, who're the way forward for the region’s overall economy.”

The business pitches by the top six finalists were being a spotlight from the celebration, with Each and every contestant introducing their Suggestions to a panel of judges. The judges then introduced the winners, awarding trophies and certificates to your winners and runners-up.

“Sri Lanka is nevertheless to capitalize more info on the entire likely of entrepreneurship. this example is not because of a dearth of innovative Strategies, or lack of passion amongst youth, but somewhat a results of a a lot less than suitable entrepreneurship eco-process,” suggests Simrin Singh, Country Director for ILO Sri Lanka and the Maldives.

inculcate and encourage entrepreneurism amid students at educational facilities, vocational education institutes and universities.