ECONOMYNEXT – Sri Lanka’s ministry of industries wants to ensure commercially-ready products and services are produced by university research, by facilitating partnerships with factories and entrepreneurs.
After a currency crisis, Sri Lanka’s government is in a drive to boost its trade balance by increasing exports.
“Our export basket hasn’t changed recently, partly because our small and medium entrepreneurs don’t have sufficient research and development facilities (like the multinationals) to innovate their products for the export market,” Additional Secretary of the Ministry of Industries, Chaminda Pathiraja said.
“At the same time, state universities and research institutes produce a large amount of research findings yearly, which end up sitting in those institutions; they don’t reach the industry,” Pathiraja said at a press briefing to announce a program on commercialization of new products and research, to be held tomorrow at the Waters Edge.
The networking forum will bring innovators and manufacturers together to focus on the commercialization of research for the value added tea, coir, spice, dairy products, gem and jewellery and packaging products industries.
“We want to encourage collaboration, through programs like our University Business League etc, so that the research output can be commercialized, and what is produced by our factories can increase in quantity and quality. We must focus on the export market.”
The objective of this program, he said, was to reduce the gap in acquiring innovators’ ideas and skills by the investors, and ultimately boost the manufacturing sector’s efficiency in alignment with the export market.
(Colombo/Dec11/2023)
Before that for anyone interested in the research output of Sri Lankan universities, and the predicaments they are facing, I would suggest that they read the essay titled “Four New Universities: A Premature Budget Proposal For Cheats” written by Professor S. Ratnajeevan H. Hoole, that was published on Colombo Telegraph, the online tabloid, on November 28th, 2023.
Provides some good insights with facts to back on why perhaps the Sri Lankan academia is lagging behind; that may also be applicable to other aspects of life on the island.