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FCCISL launches Entrepreneur of the Year Awards

The Sri Lankan Entrepreneur of the Year Awards was launched by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) on Monday.

The annual award scheme is designed especially to distinguish, reward and motivate Sri Lanka's entrepreneurs to reach the mantle of achievement whilst contributing towards the national economy. It was organised by FCCISL in association with its 56-member chambers and associations as a tribute to the country's outstanding entrepreneurs at provincial and national level. The awards ceremony was primarily launched based on a concept of former FCCISL President Patrick Amerasinghe.

The contestant enterprises were grouped into four categories; Small and Medium for investments of more than Rs. 2 million, Large for investments between Rs. 50-75 million and the Extra Large category for investments of over Rs. 75 million. There were also two special categories, the Woman Entrepreneur of the Year and the Young Entrepreneur of the Year as well. The appropriate category of the enterprise was determined by taking into account the total assets as at the last financial year.

The event has earned its own credibility for its independent processes of judging by professionals and experts, representing diverse disciplines nominated from State and private sector institutions of the country, covering different aspects of the program.

FCCISL member chambers and other institutions, including Banks have actively promoted the event in all the regions including the North and the East. FCCISL has been successful in attracting all business sectors in agriculture, services, industry and trading encompassing all 25 districts in the nine provinces.

The application process covers an all-round evaluation by capturing entrepreneurial qualities including vision, mission, innovative strategies and business success in terms of financial performance, growth, future plans and response to social, environmental and statutory commitments as an entrepreneur.

Sri Lankan Entrepreneur of the Year was staged at two levels, provincial and national. Provincial awards comprised of nine Gold awards for the nine provinces, 36 Silver awards comprising four awards each for the nine provinces in the Small, Medium, Large and Extra Large categories. Similarly there were two Bronze awards each in the four categories. Of the national awards, there was an overall Platinum award winner followed by four Gold awards, eight silver awards and 12 Bronze awards with a total of 25 awards. RN Construction (Pvt) Ltd Chairman Ruwan Edirisinghe was the Sri Lankan Entrepreneur of the Year for 2009.

 

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