Rs 10 billion to set up incubators, innovation centres | Daily News

Rs 10 billion to set up incubators, innovation centres


Telecommunication and Digital Infrastructure Minister Harin Fernando said plans are underway to implement 64 new projects for the development of the information and communication technology (ICT) sector. Rs. 10 billion will be allocated for the initial stage of these projects.

Fernando made these views addressing the 'Meet the Minister' program ,organized by the National Chamber of Commerce of Sri Lanka.

He saidplans are also afoot to implement the one million app strategy and digital classroom strategy in the near future. The government in collaboration with Microsoft, Oracle and Ericsson will soon implement a project to set up innovations centres. Initially, seven innovation centres will be set up and subsequently these centres will have incubators around it,"the Minister said.

The government is also planning to secure the service of leading online payment provider 'Stripe'. Stripe is an Irish technology company that allows both private individuals and businesses to accept payment over the internet.

The minister said that the Sri Lankan government had very fruitful and mutual discussion to facilitate Stripe to enter the Sri Lankan market. ICTA will work closely with all stakeholders to conclude the paperwork and approvals.

PayPal, being one of the oldest online payment provider doesn't currently operate in Sri Lanka .However, according to Fernando negotiations with PayPal is currently underway over freeing up Paypal's inward payments for citizens in the country and it has listed Sri Lanka for 2017,Minister Fernando noted. 


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