Sri Lanka, Dec. 23 -- The presentation of certificates and the signing of the associated Memorandum of Understanding (MoU) for the allocation of funds to nine projects selected from proposals submitted during the first three months of this year under the National Initiative for the Commercialisation of Research and Development (NIRDC), was held yesterday (22), at the Presidential Secretariat.

The total funding allocated for these projects exceeds LKR 227 million and the certificates were presented by Secretary to the President, Dr. Nandika Sanath Kumanayake and Senior Advisor to the President on Science and Technology, Prof. Gomika Udugamasooriya.

The financial assistance will be provided by Bank of Ceylon and the agreement was signed t...