Capacity-building program for Sri Lankan start-ups at India’s Centre of Excellence IIT Madras
In a significant move to enhance the entrepreneurial landscape in Sri Lanka, a 25-member delegation from the Sri Lanka Association for Software and Services Companies (SLASSCOM) participated in a specialized training and capacity-building program at the Indian Institute of Technology, Madras (IITM Parvartak) from February 2 to March 13, 2026. This initiative aligns with the commitment made by Indian Prime Minister Narendra Modi during his visit to Sri Lanka in April 2025, where he announced the provision of 700 customized training slots annually for Sri Lankan professionals.
Program Overview
The 45-day training program was meticulously designed to cater to the needs of Sri Lankan start-ups, focusing on various critical aspects of entrepreneurship. The sessions included:
- Entrepreneurial frameworks
- Financial tools for start-ups
- Strategic mindsets for scaling businesses
- Hands-on learning of Artificial Intelligence applications relevant to key industry sectors in Sri Lanka
- Preparation of investor-ready pitch decks and company valuations
- Development of leadership capabilities, including manifestation techniques, subconscious rewiring, and CEO-level decision-making
Learning Experience
Participants were immersed in India’s vibrant innovation ecosystem through a series of research park visits and sector-specific interactions. These experiences were designed to expose the delegation to advanced methodologies and practices that could be implemented back in Sri Lanka.
Key Features of the Program
The program was characterized by several key features that contributed to its success:
- Customized Training: The training was tailored to address the specific needs and challenges faced by Sri Lankan start-ups.
- Expert Guidance: Sessions were conducted by industry experts and seasoned entrepreneurs who shared their insights and experiences.
- Hands-On Learning: Emphasis was placed on practical applications of theoretical concepts, ensuring that participants could implement what they learned.
- Networking Opportunities: The program facilitated connections between Sri Lankan entrepreneurs and Indian industry leaders, fostering potential collaborations.
- Government Support: This fully funded initiative reflects the commitment of both governments to strengthen bilateral ties and promote economic cooperation.
Impact on Sri Lankan Start-Ups
The capacity-building program has had a meaningful impact on the participants, contributing to the strengthening of their professional competencies. The knowledge exchange facilitated by this initiative has also deepened institutional and government-to-government ties between India and Sri Lanka.
Strengthening Professional Competencies
Through the program, participants have gained valuable skills that are essential for navigating the competitive landscape of the tech industry. Key outcomes include:
- Enhanced understanding of financial management and funding strategies
- Improved ability to create compelling business pitches
- Greater awareness of technological advancements and their applications
- Strengthened leadership and decision-making skills
Conclusion
The capacity-building program at IIT Madras represents a significant step forward in fostering entrepreneurship in Sri Lanka. By equipping start-up founders with essential skills and knowledge, this initiative not only promotes individual growth but also contributes to the broader economic development of the region. The collaboration between India and Sri Lanka in this endeavor reflects a shared commitment to capacity building and people-centric economic cooperation.
Note: The details provided in this article are based on the latest information available as of October 2023.
