📈 Govt Launches Rs. 500 Mn Co-Financing Scheme for High-Growth R&D

The Government has introduced a co-financing scheme under Project Window 03 of the National Research and Development Commercialisation Gateway to commercialise high-potential R&D ventures, Cabinet Spokesperson Dr. Nalinda Jayatissa announced. • Funding Structure per Project: • Grant: Rs. 10 million direct grant. • Concessionary Loan: Up to Rs. 40 million at a 3% interest rate. • Commercial Bank Credit: Up to Rs. 450 million with a 5% interest subsidy for additional scale-up needs. • Total Support: Up to Rs. 500 million per venture. • Existing R&D Gateway Windows: • Window 01: Full grants up to Rs. 10 million for small-scale growth projects. • Window 02: Grants up to Rs. 10 million plus loans up to Rs. 40 million (at 3% interest) for medium-scale ventures. The initiative aims to accelerate the commercial scale-up of Sri Lanka's high-potential research ventures through public-private credit integration.