The Export Development Board (EDB) announced the re-launch of the ‘1000 start-up’ initiative as an effort taken towards diversifying Sri Lanka’s export market.
The 1000 start-up effort is expected to help the IT/BPO industry reach US $5 billion by 2022, as well as creating 200,000 direct jobs.
The new scheme has been made available not only to graduates but also to diploma and certificate holders in the IT/BPO field.
Already 400 applications have been received and are in the midst of being reviewed. The EDB Chairperson mentioned that the target set for the IT/BPO industry can only be achieved by empowering IT professionals and entrepreneurs in the regional cities while supporting the existing businesses in Colombo towards higher growth paths.
If you wish to obtain further information on latest market developments in Sri Lanka, please write to Nishika Hassim - Manager Higher Education and International Education Services at Nishika.Hassim@britishcouncil.org