Sahasak Nimavum 2024

Main categories of the competition

Inventors can apply for the competition in one of the following categories.

  • School 
  • Universities and Tertiary Educational Institutions 
  • Open 
  • Institutional 
  • Commercialized (must have taken necessary steps to secure intellectual property rights)

Guide Lines


Evaluation Criteria



Technical Areas that can be applied for the Competition

Your invention/innovations should be applied under one of the most suitable Technical Field in the relevant category.

Public Safety, Welfare and National DefenseApplied Sciences and Technology
PhysicsEnergy
Medicine and PharmacyEnvironmental Conservation
Traditional MedicineEngineering
AgricultureInformation and Communication Technology
Food TechnologyTransportation
ChemistryPublic Works and Infrastructure Engineering

                        Registration Fee on behalf of Applicants for the Competition

Category  Registration Fee (Per one invention)
School Free of charge
Universities and Tertiary Educational Institutes Rs. 1,000/=
Open   Rs. 2,500/=
Institutional Rs. 2,500/=
Commercialized  Rs. 5,000/=

Payment details (Bank Account Details)

Account Name – Sri Lanka Inventors Commission 

Account Number – 033100101791066

Branch – People’s Bank, Headquarters Branch

InnovaBiz Interest Relief Programme

InnovaBiz Interest Relief Program

The InnovaBiz Interest Relief Program is designed to support Sri Lankan inventors by providing financial, technical, and legal assistance to help commercialize their inventions. This initiative, managed by the Sri Lanka Inventors Commission (SLIC), aims to foster innovation and enhance the contribution of inventions to the national and export economy.

Program Objectives

The InnovaBiz Program seeks to provide financial backing for invention-based business entities at the initial stages or at a technological or production-based business enlargement by facilitating and increasing the efficiency of repayment for the loans of financial institutes, including government financial institutes.

Application Process

  • Bank Loan Approval: Obtain a commercial loan from a recognized Sri Lankan bank
  • Submit Application: Complete the SLIC application form and attach:
    • Evidence of loan usage for commercialization
    • 5-year forecast of production, sales, and profits
    • Bank confirmation letter of loan approval and repayment terms
  • Assessment: Applications are reviewed based on national priorities, social benefits, and potential return on investment

Financial Support

  • Interest Reimbursement:
    • Patented inventions: Maximum 75% of the interest rate
    • Pending patents: Maximum 37.5% of the interest rate (once the patent is granted during the payment period, it will be shifted to be benefited under the patented category)
  • Reimbursement is capped at Rs. 1 million, over a maximum period of 5 years
  • Monthly Reporting: Inventors must submit evidence of monthly installment payments and commercialization progress reports to receive reimbursement

Monitoring and Evaluation

  • Quarterly Reviews: Field visits and progress reports by SLIC staff and ministry representatives
  • Compliance: Adherence to the terms of the loan and effective use of funds are mandatory for continued support

Terms and Conditions

  • Active Patent: Support is only provided for active patents
  • Patent Rejection: In case of patent rejection, support will be discontinued
  • Agreement Termination: SLIC reserves the right to terminate the agreement for non-compliance

For More Details

Visit or contact the Special Projects Division at:

Address: 5th Floor, “Mehewara Piyesa” Building, Colombo 05, Sri Lanka
Phone: +94 112676650
Email: info@slic.gov.lk

INVENTION AND INNOVATION CHALLENGE FOR ROAD SAFETY

Deadline Extended – 11th March 2024

Prepare these before applying/ අයදුම් කිරීමට පෙර මේවා සකස් කරන්න /விண்ணப்பிக்கும் முன் இவற்றைத் தயாரிக்கவும்

1. Applying category/අයදුම් කරන අංශය/விண்ணப்பிக்கும் பிரிவூ

2. School, University and Tertiary Education Institute and Institutional Details / පාසල්, විශ්ව විද්‍යාල සහ තෘතීයික අධ්‍යාපන ආයතන සහ ආයතනික විස්තර / பள்ளி, பல்கலைக்கழகம் மற்றும் மூன்றாம் நிலை கல்வி நிறுவனம் மற்றும் நிறுவன விவரங்கள்

3. Recommendation letter of the Principal/ විදුහල්පතිගේ නිර්දේශ ලිපිය – (you can download sample letter by clicking following link-ආදර්ශ ලිපිය බාගත කරගන්න පහත යොමුව ක්ලික් කරන්න) https://drive.google.com/file/d/1C6KqGs3Z22vYuH88SFMU_Ih1zxs-Qyri/view?usp=sharing

4. Recommendation of the head of the institute/ ආයතනයේ ප්‍රධානියාගේ නිර්දේශය

5. If a Group Invention, the declaration document with the names and signatures of team members for no objection to the leadership of the group invention/ කණ්ඩායම් නව නිපැයුමක් නම්කණ්ඩායම් නව නිපැයුම් නායකත්වයට විරුද්ධ නොවන බව ප්‍රකාශ කරමින් කණ්ඩායම් සාමාජිකයින්ගේ නම් සහ අත්සන් සහිත ප්‍රකාශ ලේඛනය.

6. Inventor Details/නව නිපැයුම්කරුගේ විස්තර/விண்ணப்பதாரியின விவரங்கள்

If group please separate member details by commas (,)
කණ්ඩායම් සාමාජිකයන් කොමාවකින් වෙන් කරන්න (,)
குழு உறுப்பினர்களை காற்புள்ளிகளால் பிரிக்கவும் (,)

7. Description of the Invention/නව නිපැයුමෙහි විස්තර /புத்தாக்கத்தின் விவரங்கள்

8. Patent Information/බුද්ධිමය දේපළ හිමිකම/காப்புரிமம்

9. Submit Your Video for Evaluation-(Maximum-5 Minutes, 100MB)./විනිශ්චය කටයුතු සදහා ඔබ විසින් යොමුකරන වීඩියෝව(උපරිමයමිනිත්තු යි, 100MB) /மதிப்பீட்டிற்கு உங்கள் வீடியோவை சமர்ப்பிக்கவும் (அதிகபட்சம்– நிமிடம், 100MB).

විඩියෝව සැකසීමේදී පහත නිර්ණායක පිළිබඳ සැලකිලිමත් වන්න. (Please concern the evaluation criteria before prepare your video)

Only this video will be used to evaluate your invention (Maximum-5 Minutes, 100MB). it should describe the invention briefly with all relevant information for including novelty, practicability, test reports, patent information. For more information, please watch the below video.

විනිශ්චය කටයුතු සදහා ඔබ විසින් යොමුකරන මෙම වීඩියෝව පමණක් භාවිතාවේ (උපරිමයමිනිත්තු යි, 100MB). විනිශ්චය කටයුතු සදහා නිපැයුම පිළිබදව කෙටියෙන් විස්තරයක්නවතාවයපේටන්ට් විස්තරප්‍රයෝගික බව හා පර්යේෂණ සහතික වැනි දෑ අන්තර්ගතවියයුතුයිවැඩි විස්තර සදහා පහතින් දක්වා ඇති විඩියෝව නරඹන්න.

உங்கள் கண்டுபிடிப்புகளை மதிப்பீடு செய்ய இந்த வீடியோ பயன்படுத்தப்படும். (அதிகபட்சம்– நிமிடம், 100MB) இது அனைத்து தொடர்புடைய தகவல்களுடனும் கண்டுபிடிப்புகளை சுருக்கமாகக் கூற வேண்டும் (புதுமைகாப்புரிமம்,நடைமுறைசோதனை அறிக்கைமற்றும் தொடர்புடைய).மேலும் தகவலுக்கு கீழே உள்ள வீடியோவைப் பார்க்கவும்.

VIDEO – https://youtu.be/u0VTvCuGzrY

37th General Assembly of the IFIA

The 37th General Assembly of the International Federation of Inventors Associations (IFIA) took place on April 28, 2023, in the Congress Hall in Geneva, Switzerland.

The event was attended by IFIA representatives from over 70 member countries including Sri Lanka.

Sri Lanka Inventors Commission appointed again as the IFIA EXECUTIVE COMMITTEE MEMBER

Inventors Commission and RDB bank sign MoU to provide loans to inventors

https://www.ft.lk/business/Inventors-Commission-and-RDB-bank-sign-MoU-to-provide-loans-to-inventors/34-7n42315

The signing of the MoU was attended by several respective officials from the RDB Bank, the Inventors Commission as well as relevant State officials and included RDB Bank Chairman, the Inventors Commissioner, Inventors Commission CEO Nalin Dolawatte, Ministry of Education Research and Innovation Director General P.M. Dharmatilleke and representing the RDB Bank Credit, Special Project and Policy Implementation Deputy General Manager A.H.M.G. Aberathne, RDB CEO and Chief Financial Officer Sumeda Edirisuriya and other officials 


The Regional Development Bank (RDB) recently signed a Memorandum of Understanding with the Inventors Commission of Sri Lanka to support local inventors and inventions. 

The agreement was the outcome of discussions between the two institutions which were renewed and expedited by Sri Lanka Inventors Commission Inventors Commissioner Prof. N.M.S. Sirimuthu who took up office some months back.   

Under the agreement, Sri Lankan inventors, depending on the efficacy and marketability of their product, would be provided loans to enable the further development of their invention and for it to be marketed and promoted locally and internationally. 

The agreement for the loan scheme was inked between Regional Development Bank (RDB) chairman M. Mahinda Saliya and the Inventors Commissioner Prof. N. M. Sirimuthu at the RDB headquarters in Kelaniya. 

The Inventors Commission would be recommending the products for the loan to be provided through an impartial evaluation system and the RDB bank would further assess it and provide the necessary support, following up the necessary loan provision evaluation process set for the scheme. The loans would be provided at the lowest rates in the market, between 4 % and 10% dependent on the prevailing refinance schemes and interest subsidy loan schemes.   

The MoU was described as an historic event effective in its actual implementation in Sri Lanka, where inventors who have strong solutions to national problems can apply for a bank loan based on their patent.

 “This loan scheme is a plan that was being discussed by the Inventors Commission and the current Chairman Prof. N. M. S. Sirimuthu revived and expedited the matter by taking personal interest in it,” Inventors Commission CEO Nalin Dolawatte explained at the occasion. 

“Inventors are the lifeline of any nation. That is why many countries provide a wide range of support for inventors. We at the inventors commission have come up with new plans to increase the support base for inventors and to ensure that the receiving of a patent is coupled with many practical support systems,” Prof. Sirimuthu stated. 

He pointed out that along with modern technology based innovations, the entire gamut of knowledge that the country has inherited as traditional knowledge, such as Traditional medicine (Deshiya Chikitsa and Ayurvedha) are all potential bases for new inventions to maximise the economic potential of the country and the wellbeing of the people. He explained the link between education, invention and entrepreneurship, stating that there are several collaborations planned by the Inventors Commission to set the above links in motion and that the current priority was ensuring that the economic support for invention linked entrepreneurship is provided. 

“For some time it has been a priority of the Inventors Commission of Sri Lanka to have an arrangement with the bank so that once an inventor gets a local or international patent that he or she could be recognised by the banking system as someone having an asset that will act as an equivalent of the standard recognition given by banks to collateral. Therefore the MoU signed today is the beginning of a journey that will take Sri Lanka to a new culture of invention so that the inventor could get a loan on the basis of his patent,” Prof. Sirimuthu said. 

He highlighted that the Inventors Commission and the RDB bank would work in unison to see that the numbers of loan default would be zero under the new scheme by ensuring the successful marketability and profit making of the product. 

He reiterated the fact highlighted by the RDB team that there are a significant number of persons in Sri Lanka overall who are under the crib category (barred from dealing with any bank) as they have failed to repay the loans.

He said that the Regional Development Bank (RDB Bank) and the Inventors Commission would seek to provide awareness on this to inventors who seek to obtain loans under this newly introduced loan scheme so that they could carefully plan for their inventions to be profit making.

The officials of both institutions explained that the RDB was chosen because it was the apex bank, set up by the Central Bank over three decades ago with the explicit purpose of eradicating rural poverty.

“The beginnings of the Regional Development Bank (RDB) can be traced back to as far as 1985 when district level banks under the category of Regional Rural Development Banks were established with a specific mandate to assist the grass root development of the nation,” RDB Bank Chairman Mahinda Saliya said.

He asserted that the bank is working on several new mechanisms to liaise more closely with the media and also to facilitate a holistic monitoring and evaluation system to assist entrepreneurs and inventors better as well as develop new products that will cater to a wide range of social groups to ensure the holistic development of the nation.

“We want the media to take our work to the villages. We have loan schemes we want more and more inventors/entrepreneurs to know about,” the RDB chairman said. 

He drew attention to the need to create awareness at diverse official levels of the importance of seeing invention as part of the national culture that will contribute to the macro economy in the long term.”

“An invention is something that should reach the market at some point and the success of the invention depends on how it faces competition in the market as a product. This is what creates a stimulating backdrop for the rise of entrepreneurship in the country,” the RDB Bank Chairman further explained. 

RDB bank Deputy General Manager A.H.M.G. Aberathne who had played a pivotal role to assist the Inventors Commission to expedite the new loan scheme for inventors stated that the RDB bank and the Inventors Commission had teamed up with the private sector and that these initiatives would be announced to the media shortly.

Alongside the introduced loan scheme, both the bank and the inventors commission would be working on partnerships with diverse institutions to enable the better reach of local inventions in Sri Lanka and internationally, it was revealed