Fostering Innovation to Fast-forward Growth in Sri Lanka

by Anushka Wijesinha and Nethmini Perera


Research Studies: Working Paper Series No.16, December 2012

With technological transformations continuing at a rapid pace, and the emergence of a globalised market-place, all countries are under pressure to become more innovative. Sri Lanka too needs to focus heavily on innovation in this new post-war era and in that context, this publication looks at the imperative of innovation for Sri Lanka’s growth and competitiveness. It explores the status of R&D investment, availability of a skilled talent pool, need for industry-research collaboration, importance of commercialization and innovative financing, attracting diaspora scientists, among other issues. The paper calls for innovation policy to be considered in a holistic manner, and calls for a powerful National Innovation Council to be set up to drive the agenda at a national, strategic level.