NRDC to implement IOCL StartUp scheme
The National Research Development Corporation will undertake Technology Commercialization for benefit of more than 5,000 Start-Ups from 1 Jan 2023
Minister of State for Science and Technology Dr Jitendra Singh informed on 29 Dec 2022 that NRDC has concluded more than 5,000 license agreements representing technologies in almost all industry sectors, besides facilitating filing of over 2,000 patents in India.
The NRDC assists the Inter-Ministerial Board (IMB) of DPIIT for technically evaluating Start-ups for their recognition to avail benefits extended by Government and till date over 7,500 applications of Start-ups have been assessed
It has entered in to an MoU with The Agricultural and Processed Food Products Export Development Authority (APEDA) for mentoring and monitoring export oriented Agri-based StartUps.
The NRDC is also associated with Indian Oil Corporation Limited (IOCL) for implementation of their Start-up Scheme from identification of start-ups and hand-holding to product launch.
Dr Jitendra Singh also informed that Technology Development, Validation and Commercialization Program (TDVC) program is a Grant-in-Aid Scheme for providing financial support to start-ups, incubatees and MSMEs who focus on problem statements of the Indian society and manufacturing industry in the brick & mortar economy.
DSIR Secretary Dr N. Kalaiselvi elaborated that the technologies acquired by NRDC from various R&D sources get transformed through value addition and are offered to industries for commercial exploitation. She said that the technology transfer is facilitated by NRDC and the R&D organization to the industry for a consideration which forms the core revenue stream of NRDC.
NRDC Chairman & Managing Director Commodore Amit Rastogi (Retd) pointed out that NRDC provides seed funding against equity to eligible technology-based start-ups incubated in State/Central Government incubators. The start-ups have to demonstrate innovative and technology intensive development with strong commercial value.
NRDC is playing an important role in Nation Building, as it has established wide network of linkages with national and international scientific & technological agencies, industries, industrial associations, state & central Government Departments, STPs and incubators.
NRDC has taken up several initiatives to support and encourage the Start-Ups ecosystem in the Country. With this objective, NRDC has established and has started to manage incubation centers to nurture technology driven start-ups for maturation into commercial ventures.
NRDC Incubation Centre: The Corporation has created a physical and virtual space for incubating eight start-ups each who are working on novel solutions in the manufacturing industry space. These start-ups are being provided mentoring and hand-holding services, subsidized facilities for testing and fabrication at various networked laboratories, funding against equity, certification of incubation, Office and Conference facilities among others. fiinews.com
