New Delhi: An MoU has been signed between National Research Development Corporation (NRDC), New Jersey Economic Development Authority (NJEDA), and Rowan University, New Jersey on Tuesday. NRDC's Chairman and Managing Director Dr H Purushotham, NJEDA's Chief Executive Officer (CEO) Tim Sullivan and Vice President of Rowan University Dr Beena Sukumaran signed and exchanged this MoU. On the occasion, Philip Dunton Murphy, New Jersey Governor, and many senior officials from all the three organisations were also present.
"NRDC has signed this MoU with NJDA and Rowan University for intensifying cooperation on innovation in India and New Jersey. Under this MoU, the organisations will jointly work facilitating the identification of specific projects and partnerships between entities from India and New Jersey. They will coordinate for suitable resources and programmes to support research and development (R&D) projects. According to this MoU, all of the three organisations will provide financial support to approved projects to establish a framework," NRDC said in a press release. Rowan University said that they will offer free office space to NRDC in their Technology Business Incubation Centre so that it can act as a soft-landing platform for Indian start-ups in New Jersey.
National Research Development Corporation (NRDC), is a New Delhi-based public enterprise under the Department of Scientific & Industrial Research, Ministry of Science and Technology.
NJEDA is an independent government entity in the US state of New Jersey. It is dedicated to broadening and expanding the state's economic base. The EDA creates public-private partnerships to provide access to capital by New Jersey's business community.
Rowan University is a public research university in Glassboro, New Jersey, with a medical campus in Stratford, New Jersey, and medical and academic campuses in Camden, New Jersey. The university was founded in 1923 as Glassboro Normal School on a 25-acre site donated by 107 local residents.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)