The establishment of the Science Park is an initiative undertaken by the Sri Lanka Institute of Nanotechnology (SLINTEC) which is a private-public partnership with 77% shares held by Government. The private sector partners in the project are MAS Capital (Pvt) Limited, Brandix Lanka Ltd., Dialog Axiata PLC, Hayleys PLC, and Loadstar (Private) Ltd, the Science and Technology said in a statement.
SLINTEC is a private Company that was established in 2008 to pursue Sri Lanka’s National Nanotechnology Initiative (NNI) that was adopted in 2006. The Chairman of SLINTEC is Mahesh Amalaen. The Board of Management of SLINTEC has equal numbers of Government and private sector nominees.
The Science Park will be established on a 50 acre property at Pitipana, Mahenawatte, Homagama released to the Ministry of Technology and Research for this purpose.
The development of the Park will be pursued in four stages. In Phase 1 the Nanotechnology Centre of Excellence (NCE) will be established. The NCE will include a Centre for Research and Investment (a state of the art laboratory), cells of incubation, a Technology commercialization Centre, Library, Auditorium and Accommodation for visiting Scientists. Phases 2, 3 and 4 will be proceeded with based on the success of the first Phase. Phase 2 provides facilities for Large scale corporate Research and Business Development to be availed of by the public and private sectors in Sri Lanka and overseas. Phase 3 envisages a focus on expansion of High technology Industries and centralized services and Phase 4 seeks to provide Housing and recreational facilities for research community.
Phase 1a will commence on Thursday (28th June) with the laying of the foundation for the Centre for Research and Investment at a cost of Rs. 829 Million provided by Government. The construction of Phase 1a is expected to be completed by mid 2013, the ministry said.