Commercializing RUSL Research Outcomes: Omega 3 Incorporated Food
A Memorandum of Understanding (MoU) was signed between the Rajarata University of Sri Lanka and Lakmee Exports Lanka (Pvt.) Limited through the University Business Linkage Cell on the 10th of November 2022 at the Rajarata University of Sri Lanka premises at Mihintale.
The MoU was signed with the objectives of commercializing the AHEAD/RA3/RIC/RJT/Omega research outcomes customized for Lakmee Exports Lanka (Pvt) Limited and other Rajarata University research outcomes. In addition to that, both parties will collaboratively work towards further product development upon mutual agreement.
As a part of the commercialization process, the four license agreements were signed enabling Lakmee Exports Lanka (Pvt.) Limited to develop Omega 3-added food items. Omega 3 has significant health benefits including enhancing the immune, preventing coronary heart diseases, anti-cancer & anti-apoptotic effects, reducing TG levels and cholesterol, and vision, brain & neural development. The Rajarata University of Sri Lanka received an upfront fee from the commercial partner for the technology exchange.
The Vice Chancellor of Rajarata University Prof. (Mrs.) G.A.S. Ginigaddara, Prof. Ranjith Edirisinghe, Dean, Faculty of Applied Sciences, Dr. Manoj Samarathunga, Director, University Business Linkage Cell, Mr. Ushan Udumulla, Managing Director, Lakmee Exports Lanka (Pvt) Ltd, Mr. Duminda Weerasinghe, Chief Executive Officer – Lakmee Exports Lanka (Pvt) Ltd and Mrs. Sujeewa Manel, Director, Lakmee Exports Lanka (Pvt) Ltd signed the MOU on behalf of the respective organizations. The event was also graced by the presence of Deans of other faculties, the Librarian, the Heads of Departments, Professors, members of the Anuradhapura Chamber of Commerce, and other invitees.