NDB partners ICTA to support tech start-ups

Monday, 21 February 2022 02:58 - - {{hitsCtrl.values.hits}}

National Development Bank PLC recently partnered with the Information and Communication Technology Agency of Sri Lanka (ICTA) under the NDB Jayagamu Sri Lanka scheme in order to exclusively support Technology Start-ups and technology scale-ups.

‘NDB Jayagamu Sri Lanka’ was launched by NDB Bank with the intention of boosting the local economy and financially stabilising the nation by providing financial and non-financial services to Small and Medium Scale Enterprises (SMEs), emerging exporters, aspiring entrepreneurs and enthusiastic innovators of Sri Lanka.

With this partnership with ICTA, the Bank will develop a credit facility to support tech start-ups.

Since the launch of ‘NDB Jayagamu Sri Lanka’ the Bank has been working with all its partner organisations such as the Export Development Board (EDB), Cord 360, Maersk Ltd, Codevus Ltd. - ERP service provider, Thinkcube Solutions Ltd. - ERP service provider and SL@100 in order to provide a boost to the country’s exporters and innovators in order to assist the country in post-COVID revival.

Through this, both financial and non-financial services were offered to encourage and facilitate entrepreneurs, exporters and innovators even amidst the first and second waves of the pandemic.