NRDC WORKING ON FEASIBILITY FOR SETTING UP OF NATIONAL PATENT EXCHANGE, ALREADY OBTAINED IN PRINCIPLE APPROVAL OF ITS ADMINISTRATIVE MINISTRY, SAYS ITS CMD

National Research Development Corporation (NRDC) is working on the feasibility of setting up of National Patent Exchange which will emerge as a leading platform to trade patented knowledge for commercialization in MSMEs and other segments of industries, according to its Chairman and Managing Director, Dr. H Purushotham.

Inaugurating a National Conference on Technology Transfer at MSME Clusters, National and Institutional Levels under aegis of PHD Chamber of Commerce and Industry here today, Dr. Purushotham informed in principle approval for setting up of national patent exchange from Ministry of Science and Technology has already been obtained.

According to him, the NRDC that has been mandated with the task of creation of the proposed national patent exchange is in talks with similar exchanges in Hong Kong, UK and other such countries and is also currently engaged with an exercise of collecting necessary data and information on patents filed worldwide on multiple technologies, pre-dominantly on agri and allied sector so that the patented knowledge is traded for its optimum commercialization among stakeholders concerned.

Referring to total cost involved in its creation, Dr. Purushotham informed that the entire cost exercise to this effect won’t exceed Rs.2 crores.

He also informed that besides being engaged with its assigned duties on technological transfer in MSMEs segment, the Corporation has also been asked by the government to make recommendations for enjoying tax incentives for start-ups that wish to launch their own enterprises.

In the recent past NRDC was referred close to 1,000 applications from DIPP to evaluate and short list their detailed proposals for tax incentives and after due diligence the NRDC has recommended the cases of 30 start-ups to the government for the intended purpose.

Among other speakers who emphasized the need for technology transfer in the emerging world for MSMEs in more than a documented form consisted of Sr. Vice President, PHD Chamber, Mr. Anil Khaitan; CEO, Agrinnovate India Ltd., Mr. Ravinderjit Singh; Chairmen of Innovation Committee and MSME Committee of the PHD Chamber, Mr. Deepak Pahwa and Mr. Mohit Jain including its Sr. Secretary, Dr. Jatinder Singh.