Sri Lankan firms are collaborating with universities to make new and higher value products and services, and was also consulting on management development, a business chamber said.
Sri Lanka’s Ceylon Chamber said it was fostering a closer relationship between commercial firms and universities and was partnering in making university programs more relevant to business.
The faculty of science of the University of Colombo had developed a natural non-toxic bio-degradable toilet bowl cleaner for Darley Butler and Company EB Creasy which is to be launched to the market soon.
The Chamber quoted Thusita Abeytunga, a professor at Colombo University as saying at a recent seminar that they were also working with Ceylon Cold Stores, a foods firm on a natural food colour.
The university was also researching water quality with Dilmah, a tea firm and working with Kahatagaha Graphite on higher value graphite products.
The engineering faculty of the University of Moratuwa was working with Dialog Axiata on ‘iMoni’ a remote monitoring system.
The university was also working with DSI group and a work study was conducted at the soft drink and ice cream plants at Ceylon Cold Stores.
The management and finance faculty of the University of Colombo had done a salary survey and restructuring for a public quoted company and a management development program at a bank.
The agriculture faculty of the University of Peradeniya, was formulating a bio fertilizer, a phosphate stabilizing bacteria mixture, and a solar power milking machine.
The Chamber quoted business executives as saying that young people at universities were contributing to business and learning from real life situations through the partnerships. Academics felt that the links allowed students to quickly put their learnings and education in to practice.
The Chamber said it will have a special session dealing with collaboration between the state entities and private business at a annual economic forum in July.