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Home > News > Sri Lanka acquires patent rights for 5 Nano-technology products

April 26th, 2011

Sri Lanka acquires patent rights for 5 Nano-technology products

Abstract:
A Sri Lankan private-public sector partnership has been able to acquire five international patents in nanotechnology in its first year of operations in a drive to commercially exploit the technology.

International patents acquired in 2010 by the Sri Lanka Institute of Nanotechnology include carbon nanotubes, nano fertilizer and nano rubber. This compares with Sri Lanka's past record rate of 1-1.5 international patents a year.

The Central Bank of Sri Lanka states that the government is trying to improve research and development and allocated funds and gave tax breaks in its last budget. The Bank informs that field testing has already commenced as the first step to commercializing some of these products.

Research and development in nanotechnology is being done in the sectors of textile and apparel products, the island's main industrial export, as well as it rubber-based products, fertilizers and mineral products like graphite and limonite.

Source:
asiantribune.com

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