Official Agreement signing between officials from NDB and SLIC

National Development Bank PLC as a part of its Sustainability initiatives has recently entered into a partnership with the Sri Lanka Inventors Commission (SLIC) for the Sahasak Nimavum Project, which is a national competition for Sri Lankan inventors and innovators, underscoring NDB’s commitment to supporting up-and-coming inventors and thereby empowering the future of the nation.

The Sahasak Nimavum Project is a prestigious platform that invites students and adults from across the island to showcase their inventive talents. The provincial-level selections, which commenced in July 2024, will continue through August 2024, providing a unique opportunity for budding inventors to gain recognition and support for their groundbreaking ideas.

As a strategic partner, during the provincial programmes, NDB will be conducting sessions at each event that aim to advocate for sound financial management by educating participants on how to effectively manage their finances to support their future ventures. Additionally, aligned with the Bank’s commitment to empowering the youth, special focus will be given to NDB’s youth-focused ZEE account, designed to foster financial literacy and savings habits among young individuals, reinforcing the Bank’s dedication to nurturing the next generation of leaders and innovators.

The selected inventors who advance to the national-level final competition will receive invaluable support from SLIC, including facilitation in obtaining patents for their inventions, ensuring that their intellectual property is protected, and positioning them for future success.

SLIC, operating under the Ministry of Education, is instrumental in facilitating and promoting local innovation. It plays a vital role in fostering an innovative culture among school students through various programmes that offer knowledge sharing, capacity building, guidance from resource persons, and special benefits such as awareness of new technologies and financial, technical, legal, and marketing support for innovation.

NDB’s partnership with SLIC for the Sahasak Nimavum Project is a testament to our ongoing commitment to empowering the youth and supporting innovation in Sri Lanka. We believe that by investing in the creativity and ingenuity of our young inventors, we are helping to build a brighter, more prosperous future for the entire nation.

For more information about the Sahasak Nimavum Project and NDB’s involvement, please visit our website or contact your nearest NDB branch. We look forward to witnessing the remarkable inventions and innovations that will emerge from this collaboration and to continuing our support for Sri Lanka’s future innovators.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the "Top 50 Best Workplaces in Sri Lanka 2022" by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.