One key area in which the Government is placing a high focus in the 2018 budget is “creating the next generation of local entrepreneurs”, where start ups play an important role in the digital era.
The blue green budget predicts that I.T. related sectors have the potential to rake in 5 billion U.S. dollars in export earnings in the next 5 years.
With this in mind the Government had pledged to support 150 youth centric start ups in the field of technology and invest a further 3 billion rupees in the next 5 years under the ‘I.T. initiative programme funded by the export development board.
But what is the eco system of Sri Lanka’s start up industry and is Sri Lanka prepared to meet the global demand?
