EDB inks MoU with Moratuwa University
The Sri Lanka Export Development Board (EDB) has established a partnership with the Engineering Faculty of the University of Moratuwa by signing a Memorandum of Understanding (MoU) to enhance collaboration between the Academia and the Entrepreneurs of construction, power and energy and engineering services in Sri Lanka.
The collaboration aims to support the Research and Development projects of entrepreneurs that elevate service quality for international clients, enhancing the competitiveness of Sri Lankan engineering services.
This project will help attracting a wider global clientele while bridging the gap between academia and the private sector, utilising their collective expertise to foster innovation and economic growth, thereby improving Sri Lanka’s global standing.
Furthermore, this partnership will stimulate industry growth and offer students the essential practical experience in key sectors crucial for the nation’s development.
Vice Chancellor Prof. Niranjan Gunawardana and EDB Chairman/CEO Dr. Kingsley Bernard who signed the MoU highlighted the significance of collaboration in Research and Development. They pointed out that these partnerships are vital for fostering effective and sustainable practices in key sectors, benefiting both the business community and society at large.
Furthermore, they stressed that in the current competitive global landscape, it is essential for industry stakeholders to collaborate with academic and corporate partners to advance research and development, which is critical for creating high-quality products capable of succeeding in international markets.
This initiative designed as a two-year programme that starts this year, aimed at fostering collaboration among selected companies to develop innovative solutions that enhance global market competitiveness.
Currently, two projects initiated by Venora Lanka Power Panels (Pvt) Ltd and Sentinel Systems are in progress under this initiative, focusing on the creation of IoT-enabled power distribution systems and Advanced Building Management Systems. These projects utilise cutting-edge technologies to address rising energy costs and alleviate financial burdens on individuals and businesses.
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