National Research Development Corporation inks MOU with Indian Institute of Chemical Biology to Promote Entrepreneurship

New Delhi: The National Research Development Corporation (NRDC) entered into an Memorandum of Understand (MOU) with Indian Institute of Chemical Biology to promote entrepreneurship. CMD NRDC Dr. H. Purushotham and Director, CSIR-IICB Prof. Samit Chattopadhyay signed and exchanged the MOU in the presence of the Union Minister of S&T and Earth Sciences, Dr. Harsh Vardhan and West Bengal Minister for Science, Technology & Biotechnology, Dr. Rabiranjan Chattopadhyay.

CSIR – Indian Institute of Chemical Biology (IICB), Kolkata is engaged in research on diseases and certain biological problems of global interest. To spin out these R&D outcomes and with a view to contribute country’s startup movement, CSIR-IICB established a Translational Research Unit of Excellence (TRUE) which includes an Incubation Centre of about 10,000 sq. ft.. The MOU was signed after the Union Minister of Science & Technology Dr. Harsh Vardhan inaugurated this Centre on 8th February, 2016. Dr. Harsh Vardhan hoped that the ‘TRUE’ and the Incubation Centre would help in research getting translated into viable products.

After signing MoU, Dr. H. Purushotham, Chairman and Managing Director of National Research Development Corporation (NRDC) stated that the partnership between NRDC and CSIR-IICB contributes to the “Startup India” and “Make in India” Missions of Govt. of India by way of promoting Entrepreneurships, Incubation, IPRs, Technology Transfer as NRDC has rich experience in these areas over six decades and executed about 5000 technology Licence Agreements with industries so far.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.