STATE TIMES NEWS
NEW DELHI: Union Minister, Dr Jitendra Singh on Thursday said that beginning from January 1, 2023, National Research Development Corporation (NRDC) will undertake Technology Commercialisation for benefit of StartUps.
Established in 1953, NRDC is a Section 8 Enterprise of the Government of India playing a pivotal role in bridging the R&D and Industry.
Presiding over a meeting with CMD, NRDC and Senior Officials at CSIR Centre in New Delhi, Dr Jitendra said, since inception, NRDC has concluded more than 5000 license agreements representing technologies in almost all industry sectors.
The Minister said, it has also facilitated in filing over 2000 patents in India.
Dr Jitendra said, NRDC assists the Inter-Ministerial Board (IMB) of DPIIT for technically evaluating Start-ups for their recognition to avail benefits extended by Government of India and till date over 7500 applications of Start-ups have been assessed.
Dr Singh said, NRDC is also associated with Indian Oil Corporation Limited (IOCL) for implementation of their Start-up Scheme from identification of start-ups and hand-holding to product launch.
The Minister also pointed out that NRDC has entered into an MoU with The Agricultural and Processed Food Products Export Development Authority (APEDA) for mentoring and monitoring export oriented Agri-based Start-ups.
