THE ROLE OF SUPPORT ORGANIZATIONS IN PROMOTING YOUTH ENTREPRENEURSHIP IN SRI LANKA: ENTREPRENEURS’ PERSPECTIVE

Abstract

Youth entrepreneurship in developing countries like Sri Lanka has increasingly been recognised as a vital driver in economic growth, innovation capabilities and new venture creation. This study explores the role of support organisations in promoting youth entrepreneurship in Sri Lanka from the entrepreneurs perspective. By conducting in-depth interviews and using qualitative analytical methods, the study has identified key forms of support: financial assistance, training programs, mentorship, networking opportunities and policy advocacy, that drive the success of young entrepreneurs. The findings of the study reveal both strengths and weaknesses of the existing support system in Sri Lanka by highlighting the key issues such as limited access to funding, bureaucratic barriers and inadequate guidance. The research also underpins the perceived impact of this mechanism on business innovation, sustainability and confidence of youth entrepreneurs. The insights offer pivotal implications for authorities and policymakers, educational institutions and support organisations focusing on creating a more practical environment for young entrepreneurs in Sri Lanka to thrive.