Monday, September 14, 2020

SLIM and SLIC in the limelight with inventor forum 'Made in Sri Lanka'

 


Together with the Sri Lankan Inventors Commission (SLIC), the National Marketing Authority in Sri Lanka (SLIM) launched the 'Made in Sri Lanka' campaign in Gangarama to bring recognition to Sri Lankan inventors.

'Made in Sri Lanka' is an initiative aimed at supporting and inspiring inventors to come forward to showcase their innovations and products, and providing inventors with advice on how to best market and sell their innovations and products to prospective investors.

With Sri Lankans demonstrating their talents internationally, ranging from acting to athletics and entrepreneurship to engineering, there is no question about the skills they possess. They have shown their capabilities to both the nation and the world time and time again. Sri Lankans are inventive and imaginative and are capable of creating new ideas and original innovations that support both the country and the world.

However, although they have the skills, they lack the capacity needed to produce an income from their products in terms of financing, incentives and marketing expertise. Therefore they face many difficulties in selling their goods or transforming them into profitable companies.

SLIM has stepped up in collaboration with SLIC to help these inventors fulfil their dreams. The initiative 'Made in Sri Lanka' was launched to acknowledge Sri Lankan talent and pave the way for Lankan inventors to turn their inventions into successful businesses that would generate profits. Moreover, this marketing-oriented platform provides inventors with advice on how to connect effectively with investors and make their goods more appealing through knowledge-driven workshops.

The launch event was organised with about 100 inventors participating. In addition to the launch, the inventors got the opportunity to display and demonstrate their inventions and participated in a sponsored marketing experience workshop. The workshop instructors guided the inventors on selling the product, promoting the product and reaching out to investors.

Moreover, this marketing-oriented platform provides inventors with advice on how to connect effectively with investors and make their goods more appealing through knowledge-driven workshops. The COVID-19 pandemic has provided a forum to put the young local inventors forward to showcase their inventions irrespective of the obstacles and difficulties they may have encountered from the COVID-19 fiasco.

OSL Take: The Sri Lankan government is in the process of conducting investor forums in many Asian as well as Western countries. Invest Sri Lanka forums that have taken place so far have managed to woo foreign investors into the state. The continuous macroeconomic growth recorded by Sri Lanka along with the future investment opportunities as a result of it would also undoubtedly woo foreign investors to the country.

VBS/AT/20200914/Z_TB2

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