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Sri Lanka pens plan to set up Science, Technology and Innovation Coordinating Authority


The authority will be similar to India’s National Innovation Foundation, Office of Science, Technology and Innovation of South Korea and the Japan Science and Technology Agency.

By Team ABLE

Sri Lanka’s Cabinet of Ministers has approved the setting up of a science, technology and innovation (STI) coordinating authority to co-ordinate the work of several research and development outfits.

The National Science, Technology and Innovation Authority, called NASTICA, will facilitate the coordination of research and development activities administered by 21 line ministries and about 80 research institutions and research centers, a statement on cabinet decisions said.

According to the statement, the authority, proposed by the Ministry of Science, Technology and Research, will facilitate the coordination of research and development activities administered by 21 ministries and about 80 research institutions. It is understood that this move aims to maximize the return on investments on science, technology and innovation for the country’s socio-economic development. The authority will be similar to India’s National Innovation Foundation, Office of Science, Technology and Innovation of South Korea and the Japan Science and Technology Agency.

Source: EconomyNext