NRDC sets up incubation centre

M Somasekhar Hyderabad | Updated on January 11, 2018

NRDC, a technology transfer, commercialisation enterprise for publicly funded research institutes, has set up an incubation centre. The objective is to leverage the emerging start-up eco system in the country, said the Chairman and Managing Director, H Purushotham.

The National Research & Development Corporation (NRDC) has created a start-up initiative, signed pacts with several public sector undertakings, state governments, Nabard etc to enable tech transfer to entrepreneurs and start-ups.

The Director-General of Council for Scientific and Industrial Research, GirishSahni, said the incubation centre in the New Delhi campus of NRDC will fulfill the aspirations of young entrepreneurs who have a passion to address the social problems through start-ups.

NRDC has received about 100 applications seeking incubation space at the centre. “We have short-listed 32 proposals from start-ups. About 52 per cent of these are in the manufacturing sector and 48 per cent are in services. This has been done keeping in mind the ideas, market potential and social needs”, Purushotham said.

These start-ups are incubated in physical as well as virtual mode. Apart from physical plug and play incubation space in South Delhi, the start-ups are provided with technical know-how, IPR services, prototype development and testing support, market research, business plan preparation, mentoring, handholding and connecting to Start-up India Mission, and investors, he said.

Published on January 11, 2018

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