SLINTEC commercialises eight patents and innovations within 12 months
View(s):The Sri Lanka Institute of Nanotechnology (SLINTEC) has witnessed a remarkable transformation – with four patents having been commercialised, with an additional four innovations in the advanced stage of commercialisation in the past 12 months under a new leadership.
Prior to the leadership transition at SLINTEC in 2023, over its 16-year history since its establishment in 2008, the institution had commercialised approximately seven patents and innovations, averaging fewer than two commercialisations per year. In addition, up to 2022, SLINTEC had faced significant challenges, including a notable loss of 80+ scientists over four years and financial constraints affecting operational sustainability, the organisation said in a media release.
Chairman, SLINTEC Thilan Wijesinghe noted: “SLINTEC’s revenue in 2024 reached a record high and is poised to be eclipsed in 2025. At present, SLINTEC is the only research-based institution that does not rely on Government funding for recurring expenses. An institution with 50 per cent shareholding by the National Science Foundation and 50 per cent by private sector companies such as MAS, LOLC, Brandix and Hayleys, SLINTEC now serves as a model for public-private collaboration in advancing scientific innovation in Sri Lanka.”
The organisation’s commitment to sustainability is demonstrated through R&D focused on natural dyes – a strategy adopted to position SLINTEC as a global leader in this area and to assist growth and innovation in Sri Lanka’s apparel industry. In this regard, two patents have already been commercialised including coconut husk and palm oil waste-based natural dyes, as well as a patent based on packaging material made using agricultural waste such as corn husk.
Commenting on the success of the organisation, CEO, SLINTEC – Dr. Thushara Perera stated: “It is our vision to make SLINTEC Sri Lanka’s most valuable science-based asset through structured commercialisation of R&D. We hope to drive SLINTEC to become a hub for cutting-edge research and sustainability-driven innovation while forging impactful partnerships with industry, local and international universities and R&D establishments, covering multiple sectors such as minerals, agriculture and export manufacturing.”
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