NRDC signed a MOA with Marri Laxman Reddy Institute of Technology(MLRIT) for support and as technical mentor in setting up of Livelihood Business Incubator under ASPIRE scheme of MoSME.A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE) a scheme of Ministry of Micro, Small & Medium Enterprises (M/o MoSME) was launched with an objective to set up a network of technology centres, incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in rural and agriculture based industry with a fund of Rs.210 crores.
The agreement was signed by Dr. H.Purushotham, CMD, NRDC and Dr. K Srinivas Rao, Principal, MLRIT on 5th June 2019 at NRDC-HQ in presence of senior officials of NRDC and the Institute.
This MOA with NRDC will provide skill development/EDP/Cluster Development etc. Mentoring Services, Technology Transfer/ Management to and from the Startups/Entrepreneurs associated with MLRIT, IPR management, training, Techno-commercial evaluation of technologies developed at MLRIT Incubation, facilitates innovators in establishing their own start-ups and linking to Start-up/ Entrepreneurs India Mission, file patents under SIPP scheme etc.