New Delhi: National Research Development Corporation (NRDC), Delhi based PSU under the Ministry of Science & Technology has signed an agreement with Vignan's Foundation for Science, Technology & Research (VFSTR), leading Deemed to be University, in Guntur District of Andhra Pradesh. The Memorandum of Agreement (MoA) has been signed and exchanged between NRDC's Chairman and Managing Director (CMD) Dr H Purushotham and VFSTR's Vice-Chancellor Dr MYS Prasad. The MoA has been exchanged at VC's conference hall, VFSTR Deemed to be University. The senior officials NRDC's (Visakhapatnam) Manager (IPFC&TISC) Dr BK Sahu, Chairman of Vignan Group of Institutions Dr L Rathaiah, Director (IES) Dr B Nageswara Rao, Rector (CMDE) Dr K Satyaprasad, VFSTR's Registrar Dr MS Raghunathan and other senior executives and professors from both the organisations were present during signing ceremony of the MoA.
Vignan's Foundation for Science, Technology & Research (VFSTR) is having abundant research and development activities by the potential students and has been published more than 1,500 publications in the most influential journals. This agreement is purposed to create entrepreneurial awareness to its students and to promote industrial research and technological advancements in the academic culture. Through this agreement, NRDC will protect and commercialize their Intellectual Properties & Patents.
National Research Development Corporation (NRDC) is an enterprise of the Department of Scientific & Industrial Research under the Ministry of Science & Technology. It was established in 1953 by the government with the primary objective to promote, develop and commercialise the technologies, know-how, inventions, patents, processes emanating from various national research and Development (R&D) institutions and Universities.