The National Research Development Corporation (NRDC) has paid ₹7.6 crore to the Department of Scientific and Industrial Research (DSIR) as royalty for commercialising their technologies to SMEs, start-ups and corporates for the year 2017-18. The cheque was presented to Mr Girish Sahni, Secretary, DSIR, by Mr H Purushotham, CMD of NRDC at an event for the technology licensing agreement for the technology on ‘recycling of waste plastic into useful tiles’ developed by CSIR-NPL, New Delhi. NRDC is engaged in commercialisation of Intellectual Properties, Technologies developed by various public funded R&D institutions under different ministries of the Central government. During the last 4 years it has paid ₹28 crores royalty to DSIR & CSIR, a press release stated.
Source: https://www.thehindubusinessline.com/
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