Driving innovation in Sri Lanka is now increasingly being recognized as a key determinant of the country’s long term growth prospects. Everyone from private sector leaders to government policy planners are keen to understand how the power of innovation can be ignited to drive enterprise profitability and drive faster and inclusive growth nationally. We decided to tackle this issue in the latest version of the IPS Talking Economics Digest through an ‘Innovation Special Issue’.
In the second article in the Talk Nanotech special series, we have a guest article by Shalini Dharmawardena, Senior Economist (Economic Research Department) – Central Bank of Sri Lanka. She argues that the industrial thrust, budgetary allocations, commitment of financial institutions, education policy, and private sector enthusiasm will be the key success factors in achieving a competitive edge for Sri Lanka in the international nanotechnology arena. She emphasises that collaboration is essential, with a synergy of state allocated funds, private sector participation, expatriate scientists contribution, and the financial sector involvement.
In our first article in the new series ‘Talk Nanotech’, nanotechnology evangelist and former head of SLINTEC, Prof. Ajith De Alwis, discusses Sri Lanka’s National Nanotechnology Initiative in the context of the economy’s drive to become more innovative and competitive, and warns that lack of commitment could derail the valuable gains made so far. He calls for a focussed thrust on developing Sri Lanka’s nanotechnology potential, with strong political leadership.