
Sri Lanka has launched a new program aimed at commercializing research and development (R&D) to integrate innovation into the economy, promoting both economic growth and social development.
The initiative is designed to foster a sustainable economy by ensuring that R&D outcomes are effectively translated into marketable products and services.
The launch event was attended by a distinguished group of officials, including Prime Minister Dr. Harini Amarasuriya, Ministers Sunil Handunnetti and Wasantha Samarasinghe, as well as leading academics such as Professor Anil Jayantha Fernando and Professor Chrishantha Abeysena.
Key government figures, including Deputy Ministers Chathuranga Abeysinghe and Secretary to the President Dr. Nandika Sanath Kumanayake, were also present.
The event saw participation from influential stakeholders, including Central Bank Governor Dr. Nandalal Weerasinghe, university vice-chancellors, heads of research institutions, and leaders from the banking and industrial sectors.
This strategic initiative is expected to bridge the gap between research and practical application, driving the country toward a more innovative and prosperous future.