The International Institute of Information Technology (IIIT-H) and National Research Development Corporation (NRDC) have signed a memorandum of understanding (MoU) for cooperation in development of technologies. The agreement also calls for transfer of the same to industry for commercial and socio-economic benefits.

NRDC will help IIIT-H in managing its patent applications and tech transfers. On its part, the IIIT will provide demonstrations of the ‘productisable’ technologies and prototypes to assess their feasibility. NRDC transferred about 5,000 technologies in different fields to start-ups and small and medium enterprises. It filed 1,700 Patents in India and abroad, a statement said on Thursday.