NDB Bank sponsors entrepreneurship training at University of Moratuwa

Saturday, 5 November 2011 00:00 -     - {{hitsCtrl.values.hits}}

The creation of the NDB Bank Endowed Professor in Entrepreneurship at the University of Moratuwa is testament to the Bank’s commitment towards inculcating an entrepreneurial culture in Sri Lanka.

NDB Bank believes an entrepreneurial culture is essential for the sustainable development of the nation and aims to create a culture, where youth will create opportunities not just for themselves but for others whilst developing the ‘doing business’ environment of Sri Lanka.

In line with this initiative NDB Bank, in partnership with the University of Moratuwa and the Young Entrepreneurs Sri Lanka (YESL) sponsored entrepreneurship training for university students for the first time in Sri Lankan higher education system.

The Young Entrepreneurs Business Programme provides the students training on practical business, economics and entrepreneurship concepts, giving them an opportunity to setup and operate their own business ventures.

The first phase of the programme was successful in producing eight companies, formed by close to 300 students who officially launched their businesses and introduced their products, services and business ideas at a ceremony held yesterday.

NDB Bank CEO Russell de Mel said: “Our sponsorship of these students ties in with NDB Bank’s strategic CSR, where we focus on Education and Entrepreneurship both of which play a key role in NDB Bank’s business strategy. NDB has always supported initiatives which will contribute towards the development of Sri Lanka. First with the sponsorship of the Endowed Professor for Entrepreneurship and now with sponsorship of Young Entrepreneurs in business, the Bank has showcased its commitment towards creating an entrepreneurial culture which is essential for the growth of a nation.”

Entrepreneurial capabilities of the Sri Lankan youth have proven vital in a post conflict era and NDB Bank remains committed to empowering the development of entrepreneurial capabilities in people while partnering with them for their funding requirements.