Sri Lanka’s State Minister of Higher Education Dr. Suren Raghavan proposed to create Endowment Funds for all universities along the lines of endowments at Ivy League institutions in the United States. Under the proposed system, graduates of Sri Lankan universities will contribute to a fund for several years. Those funds can be used for research and innovation.
Also Dr. Suren Raghavan said that the Sri Lanka government is planning to set up branches of five internationally recognised universities in Sri Lanka in the next three years. Among these are two universities from the United States, two from the United Kingdom and one from Australia.
Full Article – UWN Prospects for foreign, private universities raise hopes