Exploring the Social Innovation and Sustainopreneurship Developing Barriers in Sri Lanka

Abstract

The interconnection between innovation, entrepreneurship and sustainable development is a subject of immense concern these days, as society is considering for answers leading to sustainable development. Further, Social Innovations play a significant role in the development of Sustainopreneurship in the context of sustainable development. Given this context; this study investigates the Social Innovation and Sustainopreneurship developing barriers in Sri Lanka. The Multiple case study method was used, and data were collected by conducting in-depth interviews with fifteen Sustainopreneurs in Sri Lanka. The findings of the study reveal that there are several barriers for developing Social Innovations and Sustainopreneurship, such as competition arise from non- sustainable businesses, lack of government support, high price, and people’s attitude towards the Social Innovations and Sustainopreneurship. As there has been a dearth of research conducted on this area, this study contributes to the Social Innovations and Sustainopreneurship literature. The recommendations provide useful information to policymakers and practitioners, who should help to inform future strategies in this field.