National Research Development Corporation, an Enterprise of Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. of India, New Delhi (NRDC) has entered into Memorandum of Agreement (MoA) with Indian Association for the Cultivation of Science (IACS), Kolkatta for commercialisation of technologies/ intellectual properties developed at IACS. NRDC shall also provide its services in IP Evaluation/Valuation in terms of their commercial potential.
Chairman Managing Director of NRDC Dr. H. Purushotham and Director, IACS Professor Santanu Bhattacharya exchanged the Memorandum of Agreement.
NRDC has been working for more than six decades in development, promotion and commercialisation of technologies emanating from R&D organization and academia. It has so far licensed technologies to more than 4800 enterpreneurs/ companies in the country in almost all sector of industry.
The Indian Association for the Cultivation of Science (IACS) is an autonomous and oldest research institute in India. The institute is devoted to the pursuit of fundamental research in the frontier areas of Physics, Chemistry, Biology, Energy, Polymer and Materials. In each field, IACS nurtures young and innovative research fellows in their R&D programs. Professor Santanu Bhattacharya, Director, IACS, Kolkatta hoped that the partnership between IACS and NRDC would lead to successful commercialization of Technologies developed at IACS.