Abstract
The KDU Journal of Multidisciplinary Studies (KJMS) is published biannually, by the Faculty of Graduate Studies, General Sir John Kotelawala Defence University, Sri Lanka. KJMS is an international open access and peer reviewed journal which publishes high quality original research papers from multi-disciplinary and interdisciplinary approaches.
Highlights
IntroductionSmall and Medium Enterprises (SMEs) play a significant role in economies, especially in developing countries (Pandya, 2012)
Small and Medium Enterprises (SMEs) play a significant role in economies, especially in developing countries (Pandya, 2012). They generate a vast amount of employment (Yogendrarajah et al, 2017; Priyanath and Premaratne, 2014) while expanding the Gross Domestic Product (GDP) by stimulating different economic activities needed for the economic development of a country (Sakolnakorn, 2010; Chen and Rozelle, 1999)
The publications used regarding SMEs and Science and Technology (S&T) policies in Sri Lanka, China, Singapore, Malaysia, Thailand, and South Korea contained in databases such as Google research and data resources that evaluate the effect of the National Science & Technology Policy (NSTP) component and SME development were included in the current study to propose strategies to improve the NSTP in Sri Lanka towards SMEs development and well distribution by the R&D sector to commercialise the outcomes through the SMEs
Summary
Small and Medium Enterprises (SMEs) play a significant role in economies, especially in developing countries (Pandya, 2012). They generate a vast amount of employment (Yogendrarajah et al, 2017; Priyanath and Premaratne, 2014) while expanding the Gross Domestic Product (GDP) by stimulating different economic activities needed for the economic development of a country (Sakolnakorn, 2010; Chen and Rozelle, 1999). Recent publications represent that SMEs participate in the economy by fulfilling over 75% of the total enterprises and over 45% of total employment (Gunawardana, 2016) and making a 52% contribution to the GDP in Sri Lanka approximately (Gunawardana, 2020; Perera, 2018). Sri Lanka has just over 3,000 SMEs (businesses with a turnover of but Rs.150 million) registered as exporters (Perera, 2018)
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