University of Sri Jayewardenepura has established the Innovation, Invention and Venture Creation Council (IIVCC) with the prime intention of promoting innovations, inventions and venture creations also in collaboration with relevant external parties, at the University. IIVCC has formulated a series of activities in order to meet the objective, of encouraging creativity through invention and innovation and thereby contributing to national development. 

Among these, one of the main activities of IIVCC is the Invention and Innovation Competition and Exhibition (IICE) that has been planned for year, 2019. IICE has been designed as a forum for all university community (inclusive of staff and students) and together with other interested and relevant external parties to initiate a dialog that would lead wider spectrum of mutual benefits to all stakeholders in return. These would include creation and recognition of invention and innovation, working out possible venture creations and investment opportunities, and other potential partnerships, etc.