National Research Development Corporation (NRDC) has inked a pact with Kolkata-based Indian Association for the Cultivation of Science (IACS) for commercialisation of technologies/ intellectual properties developed at IACS.
Under its Memorandum with Agreement, signed today, NRDC will also provide its services in IP evaluation/valuation in terms of their commercial potential, an official release said.
NRDC is an enterprise of the department of Scientific and Industrial Research under the ministry of Science & Technology.
NRDC Chairman and Managing Director H Purushotham, IACS Director Santanu Bhattacharya exchanged the Memorandum of Agreement on behalf of their respective organisations.
NRDC has so far licensed technologies to more than 4,800 domestic entrepreneurs/companies across industry sectors, the release said.
The agreement would lead to successful commercialisation of technologies developed at IACS, the release added.
