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 NTPC Ltd on 21st September 2016, for marketing the inventions/innovations, patents, formulations, know-how/processes developed by NTPC-NETRA and also collection of Premia and Royalties arising from these activities.
NTPC Ltd. and ‘NRDC’ recognise the respective strengths of the two organisations and accordingly agree to cooperate in the development of technologies and their successful transfer to industry for commercial exploitation and socio economic benefits.
Dr. H. Purushotham, Chairman & Managing Director NRDC has said that 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