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Science and Technology Including IPR Session VIII 7th SOUTH ASIA ECONOMIC SUMMIT 2014 Dilani Hirimuthugodage Institute of Policy Studies of Sri Lanka Outline • The link between IPRs and science and technology • The status quo of innovations of South Asia • The status quo of Sri Lanka • Regional efforts taken • What needs to be done? The link between IPRs and science and technology IPR protection Inventors receive appropriate share of benefits Will encourage Investments in R & D New innovation New technology Innovation indicators of South Asia • Global Innovation Index -2013 Country Rank India 76 Bhutan 86 Sri Lanka 105 Bangladesh 129 Pakistan 134 Nepal 136 Research and Development in Sri Lanka • The gross expenditure on R & D as a % of GDP Sri Lanka South Korea 0.16 % 4% Singapore India 2% 0.8% Research and Development in Sri Lanka cont.. 55% Government R&D expenditure in SL 40 % 5% Private sector Foreign sector Research and Development in Sri Lanka cont... 33% agriculture 20 % engineering and technology 12 % natural sciences 7 % Social sciences 6% medicinal sciences Patents Registration Source: Sri Lanka Science, Technology and Innovation Handbook: 2010, National Science Foundation SAARC Initiatives • The first meeting of the Ministers of Science and Technology was held in 2008, and a five-year (2008-2013) SAARC Action Plan on Science and Technology was finalized. • Amongst others areas, it specifically focuses on; – – – – Cooperation in the field of Science & Technology Standardization and laboratory testing Themes for cooperation Project development What needs to be done? • Appropriate implementation and enforcement of rules and regulations to strengthen IPRs • Strengthen science and technology cooperation across the South Asian region • Identify ways and methods to encourage technology transfers within the countries • Sharing of scientific and technological expertise amongst member countries • Encourage joint research and development Thank you.