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The National Research Development Corporation (NRDC) has paid Rs 7.6 crore to the Department of Scientific and Industrial Research (DSIR) towards sharing of royalty for commercialising their technologies to SMEs/start-ups/corporates for 2017-18.
The cheque was presented to Girish Sahni, Secretary-DSIR, by H Purushotham, Chairman & Managing Director of NRDC, at a function to mark the signing of technology licensing agreement on ‘Recycling of waste plastic into useful tiles’ developed by CSIR-National Physical Laboratory, New Delhi
NRDC is engaged in the commercialisation of intellectual properties/technologies developed by various public funded R&D institutions under different ministries of the Central Government. During the last four years, it has paid Rs 28 crore royalty to DSIR and CSIR, a press release stated.
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