The Coordinating Secretariat for Science, Technology and Innovation (COSTI) was established on February 1, 2013 as mandated by the cabinet decision of September 9, 2011 with the specific aim of coordination and monitoring of Science, Technology and Innovation activities in the country. It will also work towards promoting value addition and commercialization in line with the National Science Technology and Innovation (STI) Strategy of Sri Lanka approved by the Cabinet in August 2010.

COSTIs main objectives are:

• Establishment of an Inter-Ministerial Steering Committee for Science Technology and Innovation to coordinate all activities in Science Technology and Innovation with Ministers of Technology and Research, Higher Education, Agriculture, Plantations, Industry and Commerce, National Resources and Enterprise Development, Education, Youth Affairs and Skills Development, Telecommunication and Information Technology, and Information and Mass Media.
• Setting up of National Operational and Coordinating Councils.
• Establishment of a Secretariat to centralize, institutionalize, and support the Coordination and Monitoring activities related to S, T and I.

Development and operationalization of National Science, Technology & Innovation Coordination and Monitoring System (NSTICAMS) – a flexible, comprehensive National ICT Platform for coordination and Monitoring of all activities related to Science, Technology and Innovation across more than 25 ministries and more than 70 institutions.