National Meritorious Invention Awards - 2017

National Research Development Corporation (NRDC) provides Tax Free Cash Awards in the following three categories to stimulate the spirit of inventiveness among the scientific, technical persons, industrial workers, technicians, artisans, craftsman and students in order to recognize the creative talent which could be harnessed to benefit the Nation.

AWARD CATEGORIES

National Innovation Award of the Year 

  • IP Driven Innovation
  • Premium Innovation
  • Innovation in High Tech Area

Number of Awards: 2 (Max.)

Amount of Award: Rs. 5 lakh (Each)

National Societal Innovation Award of the Year 

  • Agriculture
  • Environment
  • Rural
  • Energy

Number of Awards: 3 (Max.)

Amount of Award: Rs. 3 lakh (Each) 

National Budding Innovators Award of the Year  [FOR STUDENTS ONLY]

  • Student(s) registered for Bachelors or Masters in Academic or Research Institutions, Universities or affiliated Colleges at the time of applying.
  • Maximum age limit is 28 Years
  • The application should be forwarded through Head of the Institution 

Number of Awards: 5 (Max.)

Amount of Award: Rs. 1 lakh (Each)

 

 



National Award for Successful Commercialization of NRDC Licensed Technologies of the Year [FOR NRDC TECHNOLOGY LICENSEES ONLY]



NRDC has constituted a new award for Successful Commercialization of NRDC Licensed Technologies. The Award of Rs. 2 Lakh will be shared equally between the entrepreneur who has successfully commercialized the indigenous technology and the inventor or the Institute/University that has developed the technology and licensed it through NRDC.  If the inventor/innovator/developer of the technology himself successfully commercializes the technology, Rs.2 Lakh will be awarded to him. 

  • The award will be given only to the Licensees of NRDC whose license agreement is ACTIVE.
  • Prize Award Committee members and their families are not eligible  

Number of Awards: 1 (Max.)

Amount of Award: Rs. 2 lakh (To be shared equally between Licensee and Inventor)