NRDC to undertake Tech Commercialization for benefit of Start-Ups from 1st Jan

New Delhi: Beginning from 1st January, 2023, National Research Development Corporation (NRDC) will undertake Technology Commercialization for benefit of Start-Ups. Established in 1953, NRDC is a PSE, Section 8 Company under DSIR playing a pivotal role in bridging the R&D and Industry.

Union Minister of State (Independent Charge) Science & Technology Dr Jitendra Singh has said that since inception, NRDC has concluded more than 5000 license agreements representing technologies in almost all industry sectors. It has also facilitated in filing over 2000 patents in India.

Presiding over a meeting with Secretary, DSIR and Senior Officials of NRDC at CSIR Centre in New Delhi, he 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 Jitendra 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.

Dr Jitendra Singh also informed that Technology Development, Validation and Commercialization Program (TDVC) program is a Grant-in-Aid Scheme for providing financial support to start-ups, incubatees and MSMEs who focus on problem statements of the Indian society and manufacturing industry in the brick & mortar economy.

NRDC is playing an important role in Nation Building, as it has established wide network of linkages with national and international scientific & technological agencies, industries, industrial associations, state & central Government Departments, STPs and incubators.

It has taken up several initiatives to support and encourage the Start-Ups ecosystem in the Country. With this objective, NRDC has established and has started to manage incubation centers to nurture technology driven start-ups for maturation into commercial ventures.