Particulars of Organization and Functions  The National Research Development Corporation, a Public Sector Enterprise (PSE) functioning under the administrative control of Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, was established in 1953 as a Section 25 company under the Indian Companies Act as a sole technology transfer organization in the country with the objective of promotion, development and commercialization of technologies.  The activities of the NRDC are given below:-     A.    Commercial   Commercialisation of laboratory know-how        Licence indigenous technologies to industry both in India and abroad        Provide Technology Development Loans for setting up pilot plats to prove/scale-up laboratory processes.        Participate in equity to facilitate formation of new ventures using indigenous technologies        Develop technologies in priority areas        Design and engineer laboratory processes to commercial scale        Provide techno-commercial financial support to entrepreneurs commercialising NRDC technologies        Execute turnkey projects abroad based on indigenous technologies        Licensing of foreign know-how to Indian clients       Assist export marketing of products of licensee companies       Arrange complimentary finance for further development through venture capital fund, PATSER, TIFAC, TDB, etc. B.   Promotional             Invention Promotion Programme Award meritorious inventions for converting their ideas into prototypes. Provides financial support to prospective inventions for making a prototype of commercially viable inventions. Assist inventors in patenting and commercializing  their inventions. Publishing Hindi Magazine ‘AWISHKAR’ and English Magazine ‘INVENTION INTELLIGENCE’ to highlight inventivity amongst buddy inventors. Organize training programmes to create awareness about IPR. Provide assistance for patenting inventive ideas of R & D organisations & universities.   C. Technology          Development and Promotion of Rural Technology Identify, prove and demonstrate selected rural technologies Assist in commercialisation of selected rural technologies Export of Technology Project India as a source of technology Assist inventors, R&D institutes and industry to patent their new products/processes abroad           Dissemination of Information on Technology and its transfer to Industry Provide information on indigenous and foreign technologies Organise training programmes for technology development and transfer, hold exhibitions, publish periodicals, arrange audio-visuals to popularise indigenous technologies         The Corporation during its operation over the last 52 years has transferred hundreds of technologies to several thousands of entrepreneurs/industries. The Corporation has transferred technologies in almost all sectors of science ranging from Agriculture, Agro and Food, Chemical and Fertilizer, Building materials, electrical and electronics, Mechanical, Drugs & Pharmaceuticals, Bio-technology etc.  Although the Corporation was set up to commercialise the technologies generated by public funded Research Institutes mainly CSIR, it realized the importance of the technologies developed by the various universities/technical institutes, Corporate R&D Centres of both private and public sectors, Industry Research Associations, Research Institutes of Central & State Governments, other Ministries, etc. The Corporation’s continued efforts to export Indian technologies and services has enabled to export the technologies to entrepreneurs both in the developed as well as the developing countries like USA, Germany, Malaysia, Burma, Nepal, Senegal, Indonesia, Madagascar, Philippines, Vietnam, Sri Lanka, Kenya, Brazil and Bangladesh etc. Its cumulative efforts yielded signing of about 4400 licence agreements from nearly 2500 technologies assigned to it.