NRDC pays Rs 9 cr royalty to Dept of Scientific and Industrial Research

Our Bureau Hyderabad | Updated on January 11, 2018 Published on May 15, 2017

The National Research Development Corporation (NRDC) has paid Rs 8.9 crore to the Department of Scientific and Industrial Research (DSIR) towards royalty share for commercialising their technologies to SMEs/ start-ups/ corporates for 2016-17.

The cheques were presented to Girish Sahni, Secretary, DSIR, by H Purushotham, CMD of NRDC, in the presence of Minister of Science & Technology and Earth Sciences, Harsh Vardhan, during the recent directors' conference in Delhi.

This is 36 per cent higher than last year. NRDC also signed an agreement with DSIR for extending its technology commercialisation services, said Purushotham in a press release.

The Corporation is engaged in commercialisation of Intellectual Properties/ technologies developed by various public funded R&D institutions including DSIR,CSIR, DRDO, ICAR, ICMR, PSUs and universities. For the last two years NRDC has been expanding its reach and growing on average by 40 per cent and establishing partnerships with its stakeholders, the release added.

Published on May 15, 2017
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