National Research Development Corporation

Why is in news? Union Minister Dr Jitendra Singh says, from 1st January, 2023, National Research Development Corporation will undertake Technology Commercialization for benefit of Start-Ups

It was established in 1953, is a Public Sector Enterprises, Section 8 Company under Dept. of Scientific & Industrial Research (DSIR), Ministry of Science & Technology. playing a pivotal role in bridging the R&D and Industry.

The primary objective to promote, develop and commercialise the technologies / know-how / inventions / patents / processes emanating from various national R&D institutions / Universities and is presently working under the administrative control of the Dept. of Scientific & Industrial Research, Ministry of Science & Technology.

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 etc.

mach33.aero:

mach33.aero is a highly specialized start-up incubation facility created at CSIR-NAL Campus at Bengalurin collaboration with CSIR-NAL and Foundation for Innovation and Social Entrepreneurs (FISE), Bengalur(An initiative supported by Tata Trust) which was established and inaugurated in December 2021.

This incubation facility encourages incubation of start-ups in the Aerospace and allied industry sectors.

Innovative Technology Enabling Center (InTEC):

InTEC is a start-up incubation facility created at CSRI-IMMT Campus at Bhubaneswar which is now managed by the Corporation.

This facility is for encouraging incubation of start-ups working in the area of materials, mining and allied industry sectors.