EDB expertise on R&D and innovation start-ups to champion enterprise development

The Sri Lanka Export Development Board (EDB) together with the Singapore Cooperation Enterprise (SCE) commenced a series of programs comprising workshops, seminars, etc. to enhance the capacity of selected Government officials focusing on improving exports through innovation, research and development. 

It complements the focus sectors  ICT, electronics, boat building, processed food and beverages which were identified through the National Export Strategy of Sri Lanka to increase the export value from the current $ 20.8 billion to $ 37.9 billion by 2022.

At a request of the Ministry of Development Strategies and International Trade (MODSIT) and the EDB, Singapore Cooperation Enterprise (SCE) formally known as International Enterprise Singapore (IE Singapore) held a benchmarking session in January 2018, to share Singapore’s economy transformation and enterprise landscape under the Memorandum of Understanding(MoU) signed by the EDB and SCE. SCE is the Government agency championing enterprise development. 

SCE has the expertise on workingwith committed companies to build capabilities, innovate and internationalise and also support the growth of Singapore as a hub for global trading and start-ups. w

The first program of the series kicked off with the workshop on Research, Development and Innovation Start-Ups from 26-28 March successfully at the EDB Auditorium with officials from Ministry of Development Strategies and International Trade (MoDSIT), Ministry of Science, Technology and Research (MoSTR), Sri Lanka Export Development Board (EDB), Board of Investment Sri Lanka (BoI), Coordinating Secretariat for Science Technology and Innovation (COSTI). 

The knowledge acquired at these sessions will contribute in the implementation of NES actions along with their other activities to generate effective results and increase export revenues through innovation and R&D.