National Research Development Corporation, an Enterprise of Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. of India, New Delhi (NRDC) & CSIR- National Geophysical Research Institute (NGRI), Hyderabad has entered into Memorandum of Agreement (MOA) for marketing the inventions/innovations, patents, formulations, know-how/processes developed by these institutes and also collection of Premia and Royalties arising from these activities.
Dr. H. Purushotham, Chairman & Managing Director, on behalf of National Research Development Corporation (NRDC) and Dr. Virendra Mani Tiwari, Director, CSIR-NGRI, Hyderabad has signed the MOA, senior officials from both the organizations were also present.
NRDC has been serving the nation for more than six decades in development, promotion and commercialisation of technologies emanating from R&D organization, PSUs and academia. It has so far licensed technologies to more than 4800 entrepreneurs/ companies in the country in almost all sectors of industry and provided technical and financial assistance for filing about 1700 patents in India and abroad. NRDC connecting the technologies to start-ups.
National Geophysical Research Institute (NGRI), is engaged in carrying out research in multidisciplinary areas of Earth Sciences, which plays a pivotal role in the exploration of Hydrocarbons, Mineral and Groundwater resources in addition to studies in Engineering Geophysics, Seismology, Geo dynamics and Geo environment, earthquake hazard assessment, structure of earth’s interior and its evolution (theoretical studies), and geophysical instrument development
CSIR-NGRI and ‘NRDC’ recognise the respective strengths of the two organisations and accordingly agree to cooperate for successful transfer of their technologies to industry for commercial exploitation and socio economic benefits