The key objectives and understandings of the agreement are to stimulate economic growth in Sri Lanka by supporting small and medium entrepreneurs, provide necessary technological training for digitalization, strengthen technology transfer and skills development, address the issue of low technology usage in the industrial sector, collaborate with relevant institutions, and support the Federation of IT Industry Sri Lanka and IDB in enabling digital platforms.
The IDB's role is to recommend and introduce entrepreneurs for training programs, monitor training programs, display collaboration information on its website, and recognize LK Domain as a partner.
The responsibilities of the Registry include conducting training programs for entrepreneurs, assisting in the digital transformation of enterprises, sharing data on digital platforms with IDB, supporting recommended entrepreneurs in technology advancement, and submitting reports to IDB as requested.