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Workshops at Carnegie Mellon’s Schwartz Centre for Entrepreneurship provided a first-hand look at the Project Olympus which encourages and supports entrepreneurship on campus by helping faculty and students turn their cutting-edge research and great ideas into startups

Top American engineering and science universities shared strategies for developing technology incubators and technology transfer offices with Sri Lankan university, government, and business leaders as part of the U.S. commitment to helping Sri Lanka develop a diversified, modern economy that can attract foreign and domestic investment.

“Sri Lanka is well-positioned to become a technology hub in Asia, given its excellent human capital,” said U.S. Ambassador to Sri Lanka Atul Keshap.  “We hope that putting these talented minds together can help strengthen innovation and entrepreneurship ecosystems in this country, and that Sri Lanka can be known not just for world class tea, but world class IT.”

Sri Lankan delegates visited Princeton University in New Jersey and Carnegie Mellon University in Pennsylvania last month through support from them U.S. Department of Commerce’s Commercial Law Development Programme (CLDP).  Over the course of the ten-day program, participants from six Sri Lankan universities also met with CLDP, the U.S. Patent and Trademark Office, and a locally-based incubator in Washington, D.C. to learn how to generate value from self-developed intellectual property (IP) through different forms of IP protection, licensing, start-ups, and publication.