Endowed Professor/Senior Fellow in Entrepreneurship:

NDB Bank pledges Rs. 9 m to Moratuwa varsity

Harshini PERERA

NDB Bank has pledged nearly Rs.9 million to the University of Moratuwa to sponsor Sri Lanka's first endowed Professor/Senior Fellow in Entrepreneurship. NDB Bank believes an entrepreneurial culture is essential for sustainable development of the country, said the Chief Executive Officer of NDB Bank, Eran Wickramarathne after signing an MoU at the Cinnamon Grand yesterday.

The endowed Professor/Senior Fellow in Entrepreneurship initiated by the Faculty of Engineering of the University of Moratuwa will encourage the creation of an entrepreneurial culture in the country, said the Vice Chancellor of the University of Moratuwa, Malik Ranasinghe.

He said the University of Moratuwa which endorses the vision of producing 'job creators' rather than 'job seekers', had taken the step to produce highly employable graduates and job creators and simultaneously a technology that can meet the requirement of the industrial sector.

The other objective of NDB Bank endowed Professor/ Senior Fellow in Entrepreneurship is to lay the foundation of an entrepreneurial culture in Sri Lanka.

The CEO of NDB Bank said that Sri Lanka has the potential to develop the environment to start new enterprises since Sri Lanka has been enlisted as 102 among 180 countries in the rank of the countries eased of doing business in the world. NDB Bank endeavours to reflect the brands with the identity of world-class Sri Lankans while accomplishing their social responsibility.

Therefore, NDB Bank together with the University of Moratuwa will produce world- class Sri Lankan addressing today's needs.

The Professor/Senior Fellow who will be set on a three-year contract appointment will be selected according to the criteria of the University Grants Commission (UGC) and the University of Moratuwa. He/she will be assessed on a quarterly basis to ensure that he/she meets the requirements of the University and NDB Bank.