Govt launches strategic initiative for commercialization of R&D

Sri Lanka is set enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities, President Anura Kumara Disanayake emphasized.

As part of the initiative, the newly developed website nirdc.gov.lk was also launched. This platform aims to facilitate the commercialization of research and development.

It will be , contributing to sustainable economic growth through the production of value-added goods and services, which will ultimately drive national economic development and social progress, the President Media Division reported.

The President pointed out that while grassroots-level innovators do emerge in Sri Lanka, there has been a lack of adequate mechanisms to properly support, nurture, and commercialize their ideas. With such a framework in place, Sri Lanka can transform itself into a hub of innovation.

 

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