About National research development corporation
National Research Development Corporation (NRDC) is a government-owned enterprise that was established in 1953 with the primary objective of promoting, developing, and commercializing technologies. The company has been at the forefront of innovation and technology development in India for over six decades. NRDC has played a significant role in bridging the gap between research institutions and industries by facilitating technology transfer.
The company's mission is to promote innovation, entrepreneurship, and sustainable development through technology transfer. NRDC provides a platform for researchers to showcase their inventions and innovations to potential investors and entrepreneurs. The company also helps entrepreneurs access funding opportunities from various sources such as venture capitalists, angel investors, banks, etc.
NRDC has an extensive network of research institutions across India that it collaborates with to identify promising technologies that have commercial potential. The company then works closely with these institutions to develop these technologies into marketable products or services.
One of NRDC's key strengths is its ability to provide end-to-end support for technology commercialization. This includes everything from patenting the invention or innovation to marketing it effectively in the marketplace. The company also provides legal assistance for licensing agreements between inventors/researchers and companies interested in using their technologies.
NRDC has been instrumental in promoting several successful startups over the years by providing them with access to funding opportunities as well as mentorship programs. Some notable startups that have emerged from NRDC's incubation program include Ecolibrium Energy, which develops energy management solutions; Axiom Research Labs Pvt Ltd., which specializes in 3D printing; and Agrocel Industries Pvt Ltd., which produces organic cotton.
In addition to its core activities related to technology transfer and incubation support for startups, NRDC also offers consultancy services related to intellectual property rights (IPR) management. This includes conducting patent searches, drafting patent applications, filing patents both domestically and internationally on behalf of clients.
Overall, National Research Development Corporation (NRDC) has been a key player in promoting innovation and technology development in India for over six decades. The company's focus on technology transfer, incubation support for startups, and IPR management consultancy services has helped bridge the gap between research institutions and industries. NRDC's extensive network of research institutions across India provides a platform for researchers to showcase their inventions and innovations to potential investors and entrepreneurs. With its end-to-end support for technology commercialization, NRDC is well-positioned to continue playing a significant role in promoting sustainable development through innovation in India.