Asela de Livera – President, National Chamber second from right and Prof. Hemantha Dodampahala, Chairman of National Research Council second from the left exchanging the MOU. Deepal Nelson, Deputy President, National Chamber on the right and Manisha Rajapaksa, Chief Executive Officer, National Research Council look on.
The National Chamber of Commerce of Sri Lanka and the National Research Council (NRC) of Sri Lanka have entered into a Memorandum OfUnderstanding on 10 December 2020.
The Purpose of this MOU is to development of scientific research and technology cooperation directly between the scientific community and the industries, enterprises, Research and Development of market opportunities.
The Public Research &Development Private Industry-Partnership (PPP) programme is to build on local strength by networking key players in R&D activities and industries to contribute towards the economic development of the country. Promoting R&D in Science &Technology should lead to economic development by way of increasing exports, diversifying exports, and promoting import substitutes.
All innovative research leading to the development of new or better products, processes, services, value addition and solving technical problems with commercial potential will be considered for this programme. Meaningful partnerships between the different sectors will enable NRC to serve more effectively to develop solutions for industry R&D needs.
The partnerships will also improve efficiency of public R&D activities and reduce the time horizon. The Private sector participation is encouraged by providing tax concessions in relation to R&D expenditure undertaken by an enterprise with public sector partnership.
The NRC will interface between government - local institute - ministries - University - R&D Institutes - corporate sector - SME sector, in providing research-based solutions to national needs.
The National Research Council was founded in 1999 and formally established in 2007, as a special agency by the President, to assist the government to plan, coordinate and facilitate research and development in Science and Technology so as to build a vibrant national scientific and technological community.
Main functions of the NRC are to call for, assess and fund research proposals and to develop systems of national recognition and awards for successful research and innovations by Sri Lankan scientists.
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