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Message: <blockquote data-quote="Kolama" data-source="post: 27430697" data-attributes="member: 125149">මේක හොදට කියවලා ඉක්මනට රෙජිස්ටර් වෙයල්ලා. හෙට වෙනකං විතරයි කල් තියෙන්නෙ. <img src="/styles/default/xenforo/smilies/default/rolleyes.gif"  class="smilie" loading="lazy" alt=":rolleyes:" title="Rolleyes    :rolleyes:" data-shortname=":rolleyes:" />Financial Assistance for Local SMES/ Tech Start-Ups for Innovative Product/Solution Development to Increase High Tech Exports in The ICT SectorRead More: <a href="https://bit.ly/3sZX89K" target="_blank">https://bit.ly/3sZX89K</a>Apply Now: <a href="https://www.edb.gov.lk/schemes/" target="_blank">https://www.edb.gov.lk/schemes/</a><a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/add-fa-ict-sinhala.pdf" target="_blank">View the Advertisement - Sinhala</a>The Sri Lanka Export Development Board under the Budget Proposals 2022 will implement a financial assistance scheme for SMEs/Start-ups for innovative products/ICT based solutions development to increase high-tech exports in the ICT sector. The technical support for the implementation of the scheme will be provided by the National Science Foundation (NSF)FOR WHOMICT SMEs/Tech Start-up companies with innovative products/solutions.AREAS OF ASSISTANCE:<ul> <li data-xf-list-type="ul">Strengthen & support the SMEs/Start-ups for innovative product/solution development to increase high-tech exports in the ICT sector.</li> <li data-xf-list-type="ul">Assist companies to obtain IP right, PCT application in the focus Tech segments. (IoT, AI, VR/AR)</li> <li data-xf-list-type="ul">Establish Sri Lanka’s homegrown ICT brands in the overseas market.</li> <li data-xf-list-type="ul">Establish links with global value chains</li> </ul>QUALIFYING CRITERIA:<ul> <li data-xf-list-type="ul">Should be a SME or Start Up (<a href="https://www.edb.gov.lk/schemes/" target="_blank">Refer definitions in the website</a>)</li> <li data-xf-list-type="ul">All SMEs/Start-ups of ICT products or ICT software application, having 100% local ownership.</li> <li data-xf-list-type="ul">Market ready product/service to be developed.</li> <li data-xf-list-type="ul">Should have experience in the field of ICT product / software solution development (documentary proof should be submitted)</li> <li data-xf-list-type="ul">Any company who has not received any Government financial assistance within the past 3 years for similar projects.</li> </ul>EDB ASSISTANCE FOR THE SELECTED BENEFICIARIESThe assistance scheme to be implemented on cost sharing basis where EDB will meet 70% of the project cost up to a maximum of Rs. 4.0 Mn per company, on reimbursement basis.The scheme guidelines & application could be downloaded from the EDB website <a href="http://www.srilankabusiness.com" target="_blank">www.srilankabusiness.com</a>APPLICATION & SELECTIONInterested companies are requested to complete and submit the “Expression of Interest” form, which is available under “Announcements” in the EDB website <a href="http://www.srilankabusiness.com" target="_blank">www.srilankabusiness.com</a>. on or before 4th March, 2022.A webinar will be organized to brief details of the assistance scheme for the companies who have submitted EoIs. Webinar date will be informed in due course. Duly completed applications with all relevant documents as stipulated in the guideline should be submitted on or before 11th March 2022.For further information please contact Ms. Ravindi Ranaraja- Assistant Director, E-mail: <a href="mailto:ravindi@edb.gov.lk">ravindi@edb.gov.lk</a>  and Mr. Dinesh Attanayaka - Export Promotion Officer E-mail: <a href="mailto:dinesh@edb.gov.lk">dinesh@edb.gov.lk</a>  via Tel: 0112303862 or 0112300705 (233).<a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/add-fa-ict-english.pdf" target="_blank">View the Advertisement - English</a><a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/add-fa-ict-sinhala.pdf" target="_blank">View the Advertisement - Sinhala</a><a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/add-fa-ict-tamil.pdf" target="_blank">View the Advertisement - Tamil</a><a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/guideline-fa-ict.pdf" target="_blank">View the Guideline - English</a><a href="https://www.srilankabusiness.com/pdfs/announcements/2022/assistance-for-ict/all-fa-ict.zip" target="_blank">Download all the related documents</a><a href="https://www.edb.gov.lk/schemes/" target="_blank">APPLY ONLINE</a>Source: <a href="https://www.srilankabusiness.com/announcements/#financial-assistance-for-local-smes-tech-start-ups-for-innovative-product-solution-development-to-increase-high-tech-exports-in-the-ict-sector" target="_blank">https://www.srilankabusiness.com/announcements/#financial-assistance-for-local-smes-tech-start-ups-for-innovative-product-solution-development-to-increase-high-tech-exports-in-the-ict-sector</a>More Details: <a href="https://www.edb.gov.lk/schemes/" target="_blank">https://www.edb.gov.lk/schemes/</a><h4>The Sri Lanka Export Development Board (EDB) jointly with National Science Foundation (NSF) is implementing the Grant scheme for SME/Startups for innovative product/IT based solution development to increase high-tech exports in ICT sector in 2022</h4><h3></h3><h3>Main objectives:</h3> <ul> <li data-xf-list-type="ul">Develop 10-12 companies per year in the ICT industry as the direct beneficiaries by introducing them to global value chains</li> <li data-xf-list-type="ul">Register up to 5 new patents in the focused tech segments such as Internet of Things (IoT), Robotics, Artificial Intelligence (AI), Machine Learning (ML), per annum</li> <li data-xf-list-type="ul">Generate around 500 new jobs for the graduates by 2025 in IT, Engineering and electronics disciplines with the expansions</li> <li data-xf-list-type="ul">Increase export revenue up to US$ 3 Bn by 2025</li> </ul><h2>CONDITIONS</h2> <ul> <li data-xf-list-type="ul">EDB assistance will be considered up to a maximum of Rs. 4.0Mn per company to meet 70% of the project cost on reimbursement basis</li> <li data-xf-list-type="ul">The applicant should meet minimum of 30% of the project cost and submit documentary evidence to prove financial capabilities to implement the project</li> </ul><h3></h3><h3>Eligible Activities</h3>Financial assistance will be given for the following activities relevant to the project<table style='width: 100%'><tr><th>Areas of Assistance</th><th>Activities</th></tr><tr><td>Development of innovative ICT products/services</td><td> <ul> <li data-xf-list-type="ul">Purchase of Software to develop products/IT solution</li> <li data-xf-list-type="ul">Obtaining Quality certification</li> <li data-xf-list-type="ul">Purchase/upgrade of hardware/machinery</li> <li data-xf-list-type="ul">Hire machinery and equipment for prototype</li> <li data-xf-list-type="ul">Design fabrication</li> <li data-xf-list-type="ul">Expenditure to manufacture prototypes</li> <li data-xf-list-type="ul">Purchases of new software /licenses for the R&D</li> <li data-xf-list-type="ul">Short term training /testing facilities</li> </ul> </td></tr><tr><td>Obtain IP rights and PCT application</td><td> <ul> <li data-xf-list-type="ul">Technical assistance/consultancy for IP creation process (Training, legal advice, registration, -Patent Cooperation Treaty (PCT) application, etc.</li> </ul> </td></tr><tr><td>Establish Sri Lankan home grown ICT brands in overseas markets</td><td> <ul> <li data-xf-list-type="ul">Launching the product at international events (excluding personal expenses) , test marketing.</li> <li data-xf-list-type="ul">Brand Promotion Activities</li> </ul> </td></tr><tr><td>Link with global value chains</td><td> <ul> <li data-xf-list-type="ul">Expenditure to manufacture prototypes</li> <li data-xf-list-type="ul">Testing facilities</li> </ul> </td></tr></table></blockquote>

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