Sri Lanka, Oct. 14 -- The Government is to introduce a co-financing scheme for the commercialisation of research and development (R&D) projects with high commercialisation potential and large-scale capital requirements.
Cabinet Spokesman and Health and Mass Media Minister Dr. Nalinda Jayatissa said it is a part of efforts to direct Sri Lankan R&D innovations towards commercialization.
Speaking at the weekly Cabinet press briefing yesterday (13), Jayatissa said under project category 1, up to Rs. 10 million is provided as a full grant for R&D projects with high commercialisation potential and small-scale capital requirements.
Under project category 2, funding is provided through banks for R&D projects with medium-scale capital requirement...