• 2016
• 2017
• 2018
• 2019

Government Monetary allocation Highlights in 2017 to the Ministry and its Institutes to Strengthen the STR Developments

• Monetary allocations to the National Science Foundation (NSF) to facilitate research mainly in CKDu and other key NCDs in the country. Rs. 100 million.
• Continuation of the Innovation Accelerator Fund, aimed at supporting commercialization and particularly last stage financing that is necessary. Allocation - Rs. 100 million
• Establishment of a Biotechnology Innovation Park which will provide facilities mainly for companies engaged in the Pharmaceutical Industry, Genomics etc. This will be spearheaded by the Coordinating Secretariat for Science, Technology and Innovation (COSTI) to on a PPP basis. The government will allocate land and utilities such as electricity and water. Allocation Rs.100 million.
• Further strengthen the establishment work of the Centre of Excellence in Robotics Applications (CERA). Allocation - Rs. 50million to this Centre.
• Monetary allocation to the Sri Lanka Institute of Nanotechnology (SLINTEC). Rs. 1150 million
• Monetary allocation to expand the Pharmaceutical Labs at the Industrial Technology Institute (ITI) - Rs. 150 million
• Establish a fund with an initial capital of Rs. 5 billion which will provide loans together with guarantees, to support entrepreneurs that will engage in Product Design Engineering (PDE). Allocation - Rs. 500 million
• Establish incubators in 5 districts in collaboration with the Nenasala‟s which will then be expanded to all 25 districts by 2020 on PPP basis to support startups. Allocation - Rs. 100 million