Close partnership between private sector,
Nanotechnology, an answer to global economic crisis
The development and commercialization of nano technology-based
products requires a close partnership between the private sector and
universities, Director, Small and Medium Enterprises Development (SMED)
Renuka Rodrigo told a media briefing organized by the SMED at the
Government Information Department, Narahenpita recently.
She said that nanotechnology will be the dominant innovative force
behind medicine, materials, science, industrial and consumer electronics
in the near future. Therefore, it is vital to understand the know-how
and what role Sri Lankan SMEs can play in this regard.
She said that the value addition to existing products through
nanotechnology is to be researched and one such product could be the
plastic and rubber products which has caused a negative impact on the
The production and use of oil and other fossil fuels continues to
rise on a yearly basis to record new levels. At the same time, fewer new
oil fields are being identified which means that oil production will not
be able to satisfy the demand over the next few decades.
The use of fossil fuels is also increasing the burden on the
environment in terms of greenhouse gases and global warming. Although
alternative energy sources are known their efficiency based on cost is
poor. Nanotechnology advances can improve this, she said.
However, the commercial progress in Nanotechnology requires
standards, based on science and engineering. It is very important to
network with all stakeholders to promote initiatives and technology to
industry to add value.
Research reports should be made available to promote the industry.
Unless industrialists come up with innovative products the market will
not be sustainable. Nanotechnology could be one of the answers to the
global economic crisis.
Rodrigo said that the potential industries where nano technology can
be easily applicable and adoptable has to be identified and the
Government’s policies should support such industries to overcome
financial commitment. Also industries have to be made aware of the
potential collaborations with research institutions to develop their
The FCCISL can be the focal point for any such collaboration. It is
important that knowledge transfer to SMEs has to be in their own
language and the media too has a vital role to play in promoting
technological awareness programs among the public, she said.