Sri Lanka@100 opens new Application Round for Advisory Services | Daily News

Sri [email protected] opens new Application Round for Advisory Services

Sri [email protected], a private sector-led business development platform supported by the United States Agency for International Development (USAID), announces its third round of applications for mid-market companies looking for business advisory services to accelerate revenue growth, optimize internal operations, access new markets, and attract smart capital.

Mid-market firms registered as companies in Sri Lanka with annual revenues of LKR 50 million and above are eligible for selection. The selection process, including application reviews, interviews, and pitch meetings by the shortlisted candidates, is expected to take place in February 2022 with the final onboarding of selected companies scheduled for March 2022. To apply, visit from 15 November 2021 - 15 January 2022.

Speaking on the latest onboarding cycle, Co-Founder of Sri [email protected] and Stax Managing Director Dr. Kumudu Gunasekera stated that this round comes at a crucial time in the country’s economic journey. “Sri Lanka’s economy and businesses have demonstrated admirable resilience through the worst of the pandemic, as they have through many previous challenges. The coming months will be a time not just for recovery, but to take bold steps to drive growth. This is why Sri [email protected] is focused on assisting mid-market firms to implement growth strategies. We are industry agnostic and to date, we have onboarded 13 companies. In our screening, we mainly evaluate the potential to scale up and the ambition of the senior leadership of the companies that apply to join our platform.”

“Jump-starting economic growth, especially with COVID-19 restrictions, is a fundamental challenge for businesses worldwide,” said USAID Mission Director Reed Aeschliman. “Through initiatives like Sri [email protected], USAID helps mid-market firms to be robust and resilient, so they can effectively navigate current challenges to increase profits and employment.”

Thirteen local mid-market firms representing sectors ranging from technology to agriculture have been onboarded over the past year by Sri [email protected]

Sri [email protected] is a private sector-led business development platform that was launched in 2020 with support from USAID.

Add new comment