National Research Development Corporation today signed an MoU with PSG Institutions to recognize the strengths of the organizations and to cooperate in developing technologies.
This would also facilitate successful transfer to industry for commercial exploitation and socio-economic benefits.
PSG agreed to assign NRDC on a case to case basis technologies relating thereto (where the technologies will be directly patented by PSG), for the sole and absolute right of licensing and commercial exploitation by NRDC, a statement from PSG said today.
NRDC agreed to give publicity to availability of the technologies assigned to it for commercial exploitation and also to generate necessary market data and profiles, pre-feasilbilty, feasibility and project reports, to promote speedy and effective licensing and commercialization of the technologies, it said.
NRDC's two-day conference on 'Make in India: Opportunities through Innovation' in association with PSG College of Technology, got underway here today.
