June 17, 2025 Reading Time: < 1 minute
Reading Time: < 1 min read
Nimuthu Nimsith
Research Intern at the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI)
Abstract: This study explores Sri Lanka’s innovation landscape, with a focus on the role of intellectual property (IP) rights in fostering innovation. It examines the historical development of the country’s IP regime and key policies like the 10-point Action Plan to assess its current position, challenges, and opportunities. A PESTEL analysis reveals bottlenecks such as political instability, limited resources, brain drain, weak tech infrastructure, underdeveloped environmental innovation, and legal gaps like an ineffective patent system. Despite progress, Sri Lanka lags behind some Asian peers in innovation output. The study underscores the importance of leveraging the country’s geographical and cultural strengths, aligning with global IP practices, and improving R&D investment and IP protection. The research hints at promising solution such as innovation hubs, stronger IP frameworks, and strategic public-private partnerships to strengthen commercialization, and attract foreign investments, which would rewrite Sri Lanka’s innovation narrative. It also articulates a path for a country to turn its cultural strengths into innovation success.
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A think tank engaging in independent research of Sri Lanka’s international relations and strategic interests, to provide insights and recommendations that advance justice, peace, prosperity, and sustainability.
