Business
COYLE launches ‘I AM the Sri Lankan Entrepreneur 2024’ awards
By Ifham Nizam
The Chamber of Young Lankan Entrepreneurs (COYLE) with a diverse membership spanning over 20 industries, contributing some Rs. 750 billion to the national GDP, and employing over 300,000 individuals directly, and an additional two million indirectly employment, unveiled the ‘I Am the Sri Lankan Entrepreneur 2024’ awards, set to recognize the most exceptional entrepreneurs across the nation.
The event, scheduled for March 5, 2025, is designed to spotlight the bold vision and innovative spirit of Sri Lanka’s entrepreneurs who are making significant contributions to their industries and communities, said Thushira Raddella – Chairman COYLE.
Speaking at a press briefing at the Cinnamon Lakeside on Tuesday, he said: ‘Marking COYLE’s 25th anniversary, the awards ceremony is a crucial part of the Chamber’s broader mission to empower Sri Lankan entrepreneurs and promote their success, both locally and internationally.
Under the leadership of COYLE’s President, the Chamber has redefined its identity, evolving from the Chamber of Young Lankan Entrepreneurs to the Chamber of Lankan Entrepreneurs, recognizing the maturation of its members and its ever-expanding impact on the economy.
“We are more than just a Chamber; we are a brotherhood and a family,” the chairman said.
He added: ‘I Am the Sri Lankan Entrepreneur 2024 Awards’ will feature 65 distinct categories, aiming to recognize outstanding achievers in areas such as Best Young Entrepreneur, Best Woman Entrepreneur, Best Social Entrepreneur, Best Family Business Entrepreneur, Best Innovative Entrepreneur, and the prestigious Entrepreneur of the Year. The event will provide a platform for entrepreneurs from provincial regions to gain national and global recognition, aligning with COYLE’s mission to encourage local talent to scale internationally.
‘In a collaborative effort, the awards process will be independently managed by a panel supported by Ernst & Young, ensuring transparency and credibility. The awards celebrate those who have truly shaped Sri Lanka’s industries and are making a lasting impact on their communities.
‘Alongside these awards, COYLE has been rolling out a series of initiatives designed to foster the entrepreneurial ecosystem in Sri Lanka. This includes the Future Founders Project, which promotes entrepreneurial mindsets in schoolchildren, and the Young Lankans program, which creates regional platforms for SMEs to grow. Additionally, COYLE launched the COYLE Global program to facilitate local entrepreneurs’ global expansion, with warehouses established in the U.S. and future plans for the UAE and Australia.
Furthermore, he said COYLE is building an Entrepreneur Development Centre (EDC) in partnership with PIM, offering resources such as a state-of-the-art studio for podcasting, YouTube content creation, and even a space for students to meet with major local brands. The EDC aims to nurture entrepreneurs at all stages of their journey, providing access to a variety of facilities and mentorship.
‘The I Am the Sri Lankan Entrepreneur 2024 awards are also part of COYLE’s broader commitment to empowering the next generation of leaders. With applications now open until January 15, 2025, COYLE encourages all ambitious entrepreneurs to apply through the official website.’
Ernst & Young, representative Damitha Gamage emphasized the critical role the consultancy firm will play as a strategic knowledge partner, ensuring the awards process remains fair and transparent. “The integrity and transparency of the process are of utmost importance,” he said adding, “We will be involved from the very beginning, assisting with the evaluation process and ensuring that the most deserving entrepreneurs are recognized.”
The awards ceremony will recognize up to 65 different categories, each with unique criteria for selection. A distinguished panel of judges, including figures from various sectors, will be tasked with evaluating the applicants. Dr. Rohitha De Silva, Past Chairman of COYLE, highlighted that credibility is the cornerstone of the awards process. “We are committed to providing a transparent evaluation process,” he said. “We want to distinguish ourselves from the clutter of other award ceremonies.”
The Chartered Institute of Management Accountants (CIMA) Country Head Onalie Dissanayake expressed its enthusiasm for the initiative, with Sara Ansari a representative of the organization, emphasizing the alignment between the award’s goals and CIMA’s mission to help people and businesses succeed. “We look forward to providing a management accounting and business perspective in evaluating these awards,” she added.
Business
Creative Software makes Sri Lanka the ideal tech partner
Creative Software, a leading software solutions provider, proudly celebrates 25 years of delivering innovative IT services and shaping Sri Lanka’s tech landscape. With a strong presence in Scandinavia and clients across four continents – South Asia, Europe, North America, and Australia, the company has built a reputation as a trusted partner for businesses worldwide.
To mark this remarkable milestone, Creative Software hosted a grand celebration-themed Mystic Masks, a black-tie masquerade gala at the ITC Ratnadipa Hotel in Colombo. The event brought together employees, their families, and clients, including those who travelled from their home countries to Sri Lanka to celebrate with their teams and close collaborators who have been instrumental in the company’s journey.
Reflecting on the companies’ journey, Director, Sushena Ranatunga, highlighted Creative Software’s contributions to the country’s IT industry, “Over the past 25 years, Creative Software has been at the forefront of transforming Sri Lanka into a preferred destination for IT offshoring. By collaborating with global technology leaders and nurturing top-tier local talent, we have built a legacy of innovation and excellence.”
Business
Wurth Lanka supports automotive industry with expert training
Wurth Lanka (Pvt) Ltd conducted a training programme titled “Windscreen Bonding and Body Sealant – Theory and Practice” at its Makumbura head office auditorium recently to enhance the skills of Sri Lanka’s automotive industry. The training programme, conducted by Michael Dominik, Head of Technical and Sales Trainer of the Würth Group, Germany, provided a novel experience to the participants. Over 100 participants representing most leading car agents, body shop managers, and senior technical staff in Sri Lanka received certificates at the conclusion of the training programme which was followed by a meetup with the management of the car dealers.
“We are delighted to have conducted this training programme in Sri Lanka which will help to uplift the level of technical knowledge and knowhow of our automotive industry to be on par with international levels. We will be organizing similar training programmes in the future as well to raise the bar of Sri Lanka’s motor vehicle assembly and repair industry,” said Suranga Kekulawalage – Managing Director, Wurth Lanka (Pvt) Ltd.
A further training programme was conducted for the Wurth Lanka team on Day 2 of Michael’s visit whereby the team was able to get a better understanding and experience, preparing and making them ready for the market challenges in the year 2025.
Business
103 young minds from Sri Lanka are ready and waiting to rock UCMAS International Competition in New Delhi
103 young talents are excited to represent Sri Lanka at the UCMAS International Competition 2024,
which is to be held on 14th December 2024, at the New Delhi University, Multi Purpose Hall, North Campus, Delhi University, New Delhi 110007.
This is by far the biggest Abacus based Mental Arithmetic Competition in the World, held annually. Whilst children from more than 80 countries around the world are expected to participate in this competition, Sri Lanka is proud of being represented by the highest number of Overseas Children at this Competition. This is a historic victory and a great honour to our Nation.
The CEO of UCMAS Sri Lanka, Vijay Sivashankar, commented that under the new management and leadership of the company, UCMAS Sri Lanka has taken great strides in giving “Education with a Difference” to students and not only making them geniuses, but also providing them a platform to perform at International Events, enabling them to meet the challenges of the future. He further stated, “We were able to successfully conduct the Sri Lankan National Championship on a Grand Scale, in August this year, with more than 2000 competitors participating from UCMAS Centres Island wide”.
He also mentioned that having 103 Students from 74 Centres around the Island Nation participate in the International Competition is a great pride for our Sri Lanka. We are expecting our brilliant Sri Lankan Students to perform exceptionally well at the International Competition, he said. This year, 4 Sri Lankan Students have been carefully selected based on Merit, for the World Cup Challenge 2024. This is a new feature in the International Competition which was introduced newly, and our Students have willingly taken up this Challenge as well, he added. UCMAS is a Skills Development Programme based on the Abacus for kids aged 4 to 13 showing results in the following areas: Concentration, Observation, Memory, Imagination, Creativity, Judgement, Application, Reasoning and Self Confidence.
It is a Programme based on continuous Research and Development where it is designed to stimulate the whole Brain; and as a result, Students excel not only in Mathematics but also in all other School Subjects as well in games such as Cricket, Soccer, Chess and other Board Games requiring Focus and Concentration.
This Programme was introduced Worldwide by Prof. Dr. Dino Wong and has been subject to continuous Research and Development by many Intellectuals around the World. Research done by Professor Dr. David Barner from University of California and Professor Dr. Michael Barner from MIT on UCMAS students has proven that these students have shown extra ordinary talents compared to their school peers.
Currently this Programme is offered in 85 Countries around the Globe and is conducted in more than 6000 Centres with over 3.5 million students trained.
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