NRDC Inks MOA With CSIR-IICT Hyderabad on “Technology Transfer”

Introduction

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 CSIR - Indian Institute of Chemical Technology Hyderabad (CSIR-IICT) for marketing the inventions/innovations, patents, formulations, know-how/processes developed by CSIR-IICT and also collection of Premia and Royalties arising from these activities. 

CSIR-IICT during its seventy year journey has made its mark as a dynamic, innovative and result oriented R&D organization in chemical and allied sciences and technology. It has emerged as a reliable destination of chemical and biotech industries and its clientele spans all corners of the globe. The research efforts during the seventy years sojourn with science has resulted in development of several innovative processes for a variety of products necessary for human welfare such as drugs, agrochemicals, food, organic intermediates, adhesives, materials etc. In terms of research outputs, CSIR-IICT has an outstanding record in research publications, patents and technology packages. It presently occupies the top spot in the Chemical Science research in India in all such research performance metrics. The main strength of CSIR-IICT is its rich pool of scientists and PhD students numbering over 600. CSIR-IICT has active collaborations with several countries including France, Germany, UK, Switzerland, Italy, USA, Australia, Japan, Korea etc., and several students have benefitted from various exchange visit and post-doctoral opportunities. 

CSIR-IICT has generated a large number of Technologies, know-how/processes which can be transferred to industries for commercial exploitation and for social benefits. Under this MOA, NRDC will work with CSIR-IICT to commercialise/transfer the technologies developed by CSIR-IICT. 

Chairman & Managing Director NRDC Dr. H. Purushotham announcing the MOA has said NRDC has been serving the nation for more than six decades in development, promotion and commercialisation of technologies emanating from R&D organization and academia. It has so far licensed technologies to more than 4800 enterpreneurs/ companies in the country in almost all sector of industry and provided technical and financial assistance for filing about 1700 patents in India and abroad. 

Source

Press Information Bureau, December 07, 2015