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19 November 2015

NRDC & IIT Madras to collaborate on IPR assessment, technology transfer

Quodsi everti ancillae vim qui lorem persius petentium NRDC & IIT Madras to collaborate on IPR assessment, technology transfer

New Delhi, Nov 19 (ENA) National Research Development Corporation, (NRDC) has entered into a Memorandum of Agreement (MoA) with the Indian Institute of Technology Madras, Chennai (IITM) for commercialisation of technologies/ intellectual properties developed at IITM.

NRDC is an enterprise of the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.

According to an official release, NRDC will also provide its services in IP Evaluation/Valuation in terms of their commercial potential.

Commenting on the agreement, Chairman and Managing Director, NRDC Dr. H. Purushotham said that NRDC has been serving the nation for more than six decades in development, promotion and commercialisation of technologies emanating from R&D organization and academia.  It has so far licensed technologies to more than 4800 entrepreneurs/ companies in the country in almost all sectors of the industry. 

Notably, IIT Madras Chennai has a rich reservoir of Patents in different sectors which are ready for commercial exploitation.

Initially 5-Patents have been selected for offering to industry for commercialization. One of the noteworthy technologies among them is manufacturing oxygen deficient perovksite nano material for reversible CO2 capture at room temperature which may prove path breaking for pollution control in thermal power and industrial furnaces, the release said.

Prof Krishnan Balasubramanian, Dean for Industrial Consultancy and Sponsored Research at IIT Madras said that he hoped the partnership between IIT-M and NRDC would lead to successful commercialization of IIT-M IPRs and Technologies.   (ENA Bureau)

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