"Next generation entrepreneurs will drive Sri Lanka™s economy," Tony Reilly country director British Council said. "It is no different in the UK. Universities in both our countries are trying to embed a culture of entrepreneurship within their institutions.
"At the same time, Higher Education institutions are strengthening links with the world of work, business and industry to ensure that tomorrow™s graduates are equipped with skills for the 21st century.
"One of those skills is entrepreneurship.
Economies need graduates with a creative spark and a desire to innovate."
Their business plans can be in any industry sector in Sri Lanka.
In order to support the winners set up their enterprises in a lucrative manner, the prizes have been enhanced this year.
The winning individual or team in the ' HSBC Youth Enterprise Awards' will get 500,000 rupees, the first runner-up 200, 000 rupees and the second runner-up 100, 000 as cash prizes to to implement their respective business pl