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
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
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.