National Research Development Corporation (NRDC) and Council for Research in Ayurvedic Sciences (CCRAS) on 5 March 2015 signed a Memorandum of Agreement (MoA) to commercialise ayurvedic medicines and technologies developed at CCRAS.
The MoA was signed by Abhimanyu Kumar, Director General of CCRAS and H Purushotham, Chairman & Managing Director of NRDC. The MoA provides Intellectual Property Rights services to CCRAS in India and abroad.
NRDC already has played key role in transferring more than 10 technologies developed at CCRAS to more than 50 entrepreneurs and industry. It had helped both the organisations to earn a substantial amount of revenue.
CCRAS is an apex body in India and works under the AYUSH Department of Union Ministry of Health and Family Welfare. On the other hand, NDRC functions and operates under the aegis of Union Ministry of Science and Technology.
Who: NRDC and CCRAS
When: 5 March 2015