HNB PLC partners with Sri Lanka Inventors Commission
View(s):HNB PLC has signed a MoU with the Sri Lanka Inventors Commission (SLIC) to support the existing and new inventors under the InnovaBiz EliteLink programme. The partnership aims to provide Sri Lankan inventors with comprehensive support including financial assistance, technical guidance, commercialisation opportunities, and capacity-building initiatives, the bank said in a media release.
Under the MoU, HNB will extend preferential loan schemes, interest relief, and expedited loan processing to eligible inventors. SLIC will recommend qualified inventors after conducting thorough technical feasibility evaluations, provide advisory support, reimburse interest portions for approved loans, and conduct training sessions to enhance technical and business capabilities. Together, the organisations have created a structured framework that supports inventors from ideation to market-ready products, contributing to national economic growth.
Highlighting HNB’s commitment to innovation, Managing Director / Chief Executive Officer Damith Pallewatte said; “Innovation thrives when vision meets support, and this partnership with SLIC embodies that principle. At HNB, we are committed and continue to empowering inventors by providing the resources, guidance, and encouragement they need to turn ideas into reality.”
Prof. Veranja Karunaratne, SLIC Commissioner said that innovation and subsequent commercialisation comes from creating environments where ideas can connect with financial resources. Also, successful innovation requires a commitment to collaboration by financial institutes like HNB.
The collaboration ensures a robust system of accountability and transparency, with regular progress monitoring, technical and financial assessments, and strict data protection in line with national regulations. Inventors will benefit from access to investor networks, branding support, commercialisation guidance, and workshops designed to bridge the gap between innovation and market impact. Financial safeguards include interest reimbursement of up to 75 per cent for patent holders and 37.5 per cent for pending patent holders, as well as streamlined loan disbursement and recovery processes.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!