NRDC and IISc Partner to Drive Technology Commercialization and Socioeconomic Growth

Bengaluru, India: The National Research Development Corporation (NRDC), a Government of India enterprise under the Ministry of Science and Technology, and the Indian Institute of Science (IISc), India’s premier institution for advanced scientific research and education, have signed a landmark Memorandum of Agreement (MoA) to accelerate the commercialization of IISc-developed technologies.

The MoA was signed and exchanged today at IISc by Cmde Amit Rastogi (Retd.), CMD, NRDC and Prof.Govindan Rangarajan, Director, IISc in the august presence of key officials from NRDC and IISc.

With over seven decades of experience in technology transfer and intellectual property rights management, NRDC brings a vast network of partnerships with R&D organizations, industries, and government agencies. IISc Intellectual Property and Technical Licensing (IPTeL) Chair, Prof Suryasarathi Bose opined that by leveraging IISc’s advanced research and development capabilities, this collaboration aims to translate laboratory innovations into market-ready technologies, driving socioeconomic benefits across India.

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During the MoA signing ceremony, Cmde Amit Rastogi informed that this partnership aligns with NRDC’s programs like the Program for Inspiring Inventors and Innovators (PIII) and the Program for Development of Technologies for Commercialization (PDTC) under the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India. Together, NRDC and IISc aim to bridge the gap between research and industry by facilitating technology transfer, intellectual property protection, and start-up mentoring.

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To date, NRDC has concluded over 5100 technology transfer agreements and filed more than 2000 patent applications, cementing its role as a leading organization in technology commercialization in the country. This collaboration marks a significant milestone in ensuring IISc’s innovative solutions reach industries, maximizing their impact on India’s development and economy.

Prof. Rangarajan summarized that the signing of this MoA underscores the commitment of both organizations to drive innovation, economic growth, and societal well-being.

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