National Research Development Corporation (NRDC), New-Delhi under the Ministry of Science & Technology, signed Memorandum of Agreement (MoA) with Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam under Ministry of Petroleum & Natural Gas, Govt of India on 2nd June 2019 at Visakhapatnam during Industry-Academy Interaction Meet, which was inaugurated by Hon’ble Vice President of India Mr. M. Venkaiah Naidu. Dr. H. Purushotham, Chairman and Managing Director, NRDC and Dr. VSRK Prasad, Director, IIPE exchanged MoA in presence of Dr. M. Chandrasekhar, Director IIM, Prof. Ramji, Vice Chancellor, Dr. B. R. Ambedkar University, Mr. G. Sambasiva Rao, President, AP Chambers & Commerce, Mr. KVV Raju, Chairman, CII-Visakhapatnam Zone and other dignitaries. The obejective of the MoA is that NRDC assists IIPE in filing their patents and commercializing their IPs/Technologies to industry and promoting incubation and start-ups.