New Delhi, September 18 2019: The National Research
Development Corporation (NRDC), which is engaged in promoting
indigenous technologies in Indian industry and startups, will soon expand its
wings to the U.S.
The agency has signed Memorandum of Understanding (MoU) with
the New Jersey Economic Development Authority (NJEDA) as well as Rowan
University which is also in New Jersey. The university
has offered free space at its Technology Business Incubation Centre to NRDC to
promote Indian technology start-ups. “It can act as soft landing platform for
Indian start-ups in New Jersey,” observed Dr. Beena Sukumaran, Vice President
for Research, Rowan University, while speaking at the signing ceremony here on
The agreement has been signed to intensify cooperation on
innovation. It will also facilitate identification of specific projects and
partnerships between entities from India and New Jersey. “The agreement will
help in coordinating suitable resources and programs to support R&D
projects and startups and in establishing a framework to provide financial
support to jointly approved projects,” explained Dr H Purushotham, Chairman and
Managing Director of NRDC, while speaking to India Science Wire.
NJEDA has similar agreements with other technology promotion
agencies including the Israel Innovation Authority. International organisations
are partnering with countries with potential to attract investments. “Indian
research laboratories and universities have a repository of U.S. patents and
this can be exploited for commercialization. The Council of Scientific and
Industrial Research (CSIR) itself has 3000 such patents granted in the U.S., so
it is a good platform for partners in the U.S. to work NRDC,” said Dr
This platform will provide a single window arrangement for incubation
and nurturing of new ideas and innovations. It also help get financial
assistance to potential participants.
The MoU was signed by Dr H Purushotham, Tim Sullivan (Chief
Executive Officer, NJEDA) and Dr. Beena Sukumaran (Vice President for Research,
Rowan University) in the presence of Philip Dunton Murphy, Governor, Jew Jersey
State and many senior officials from all the three organisations.
By Jyoti Singh
(India Science Wire)
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