Incubation Center to Provide Multidimensional Support to Startups

Article By : PIB India

The Incubation Center at the National Research Development Corp. (NRDC) in Delhi will provide multi-prong support to startups.

Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh inaugurated the Incubation Center at the National Research Development Corp. (NRDC) in Delhi, which aims to provide multi-prong support to startups.

Commodore (Retd) Amit Rastogi, Chairman and Managing Director NRDC, and his entire team welcomed Dr. Singh and pointed out that he was the first ever Minister for Science and Technology who was visiting the NRDC headquarters at Delhi, since its inception in 1953.

After Prime Minister Narendra Modi’s announcement of “StartUp India, Stand-up India” from the ramparts of the Red Fort on August 15, 2015, NRDC had reoriented itself to become the only National level PSU, which is providing its services for taking the lab scale technologies developed by Public Funded Research Institutes (PFRI) to Industry.

The corporation is providing support to startups through its various activities like IP Filing support to startups, Incubation Support for nurturing startups through its incubators at NRDC HQ, CSIR-NAL and CSIR-IMMT, Technology Development fund, Seed Funding to early stage startups, Association with DPIIT for recognizing startups, and finally Association with IOCL for mentoring and monitoring of startups.

Dr. Singh urged the Team NRDC to take a wholesome approach to establish a national level facility which should provide one-stop solution to all the needs of the ever growing startup ecosystem of the country. He said it must house facilities like TRL assessment, IP exchange, design clinic, and model incubation facility, among others. In order to find world market for Indian technologies, NRDC should aim to provide technology transfer services through hub and spoke model, specially to African and Asian countries, the Minister added.

As PSU under DSIR, NRDC is focused on securing and translating the IPR through various value addition activities carried out like Technology Evaluation, Basic Engineering, Market Surveys, etc., and providing its bit to make India truly “Atmanirbhar,” according to Dr. Singh.

Rastogi, in his presentation before the Minister, informed that Uniphore, an Indian Unicorn and The Leader in Conversational AI & Automation, received Funding of Rs30 lakh and technology support from NRDC in 2008. Rastogi promised to Dr. Singh that he and his team will strive hard to make the corporation one of the world’s best and leading organizations for technology transfer.

NRDC has created the facilities for incubating startups and is also promoting beneficial schemes to provide support in terms of funding, mentoring, IP assistance, and other allied services. In the last one year, the corporation has established three Incubation Centers and one Outreach Center. Another Outreach Center is planned for inauguration in January 2023 at Guwahati to promote startups in the North East. Around 10,000 startups have already received support with respect to IP filing, incubation and startup registration so far.

NRDC has further forayed into the domain of defence and nuclear technologies for civilian application. With an aim to support Made-in-India, NRDC has established foreign collaboration with USPTO, AARDO, etc., for exploring world market for Indian technologies. Further, NRDC is proving to be a catalyst between R&D institute and the industry, and has signed MoUs with 220 R&D institutes and universities in the last five years.

NRDC has also proved its credentials and its Vizag unit was awarded “Best Technology” and “Innovation Support Center” in 2021. NRDC is poised for grand scale up in future, in line with its aim to set-up a National Technology Transfer Organization to provide one stop shop to startups and with setting up of an International Marketing Division.

 

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