| (1) The Commission shall have the following powers, functions and duties :-
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| (a) to give technical assistance to inventors after examination of their inventions to determine their patentability and to help them prepare patent applications, under such terms and conditions as may be specified by the Commission; | | |
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| (b) to grant financial aid to inventors to enable them to develop, perfect and produce their patented inventions or those which are pending patent, under such terms and conditions as may be specified by the Commission; | | |
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| (c) to render legal assistance to inventors by representing them in filing their patent applications in Sri Lanka or abroad and by protecting their secured patents from infringement in patent cases, under such terms and conditions as may be specified by the Commission ; | | |
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| (d) to recommend to government lending institutions inventions that are beneficial to Sri Lanka so as to enable such institutions to give long-term loans to inventors to manufacture their inventions, with only their patents, as security, the amount of any such loan to be granted depending upon the importance and market of their inventions as determined by the Commission; | | |
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| (e) to help inventors find markets for their inventions in Sri Lanka and abroad; | | |
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| (f) to encourage Sri Lankan inventors to make known their inventions by giving annually sizeable cash awards and medals to be known as the " Presidential Awards for Inventions " to patented inventions in Sri Lanka in the fields of agriculture, chemistry, medicine, national defence, pharmacy, physics, public safety and welfare, public works, transportation and such other fields of science and technology. Such awards shall be open to all inventors in Sri Lanka without distinction as to nationality; | | |
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| (g) to establish and maintain a public research laboratory and experimental station where authorized inventors and researchers may avail themselves of its facilities and services for carrying out or perfecting their approved inventions and researches; | | |
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| (h) to promote and encourage inventiveness and creative ness among people in Sri Lanka and to assist them in creating new inventions in those fields of science and technology specified in paragraphs (f) through an annual " Creative Research Contest" with cash prizes and medals to the winners chosen by the respective judges of the "Presidential Awards for Inventions "; | | |
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| (i) to publish and disseminate information about inventions, researches and science in general; | | |
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| (j) to hold regular monthly sessions for the exchange of ideas among inventors; | | |
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| (k) to help Sri Lankan inventors join international competitions for inventions and researches, or to recommend them to such competitions; and | | |
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| (l) to organize creative societies in schools, colleges and universities to promote and encourage creativeness among Sri Lankan youth. | | |
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Sri Lanka Consolidated Acts