AP at point to re-invent itself and take lead: NRDC CMD

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    NRDC’s chairman and  managing director, Dr H Purushotham is often credited for having turned around a rather lacklustre organization into a one with booming revenues, rampantly acquiring new technologies and aiming for aspirational growth.
   An enterprise under DSIR(Department of Science and Industrial research), Ministry of Science and Technology, GoI NRDC’s primary objective is to develop and commercialize technologies from various national R&D institutions/universities. 
    In the last 5 years it has acquired 500 technologies from various national laboratories and universities while Licensed/transferred about 154 technologies to startups/MSMEs/Entrepreneurs.
     It has further signed 166 MoUs and filed 180 patents over the past 5 years.
  Our revenue over the last 5 years have gone up to Rs 100 crores from Rs 35 crores (between 2009-14)’ said NRDC’s turnaround man Dr H Purushotham. A lot of this impressive growth has come since the taking charge of Dr Purushotham in 2015.
In fact NRDC was bestowed with the best PSU turnaround award in 2017.
   As part of its mandate the corporation keeps organizing various awareness and entrepreneurial development programs throughout the country.
    ‘We have conducted 8 IPR awareness programs in universities and 13 entrepreneurship development programs in rural and backward areas for skill upgradation’ said Dr Purushotham Strong focus on AP Commenting on the state of AP he stated that the corporation has a strong focus on AP as it has huge potential. ‘AP is at a point to re-invent itself and take lead in innovation. Vizag truly has huge potential to become a startup hub however the state government needs to support it. The way states like Gujarat, UP, Karnataka are supporting startups AP too needs to do that’ said the CMD.
   Some of the sectors that NRDC has a keen focus on is engineering, food & agriculture, pharma, IT and ITES.
    NRDC also gives seed funding upto Rs 30 lakhs to startups that are incubated in a government supported incubation centre.
    It has partnered with DPIIT and IOC to promote startups and also manages IOC startup fund of Rs 60 crores.
     It is stated that nine more NRDC outreach centres shall be opened in a years time.
What India needs:
      The CMD however stated that for India to be a major player in innovation and IPR it needs to have a Technology Transfer Act. He further opined that there needs to be central funding for commercializing innovative technologies. Curriculum in Universities also need to teach commercializing technologies said the CMD.

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