India News | NRDC, NAL to Set Up Incubation Centre for Start-ups in Aerospace Technologies
Get latest articles and stories on India at LatestLY. The National Research Development Corporation (NRDC) and the National Aerospace Laboratories (NAL) will establish an innovation-cum-incubation centre with external private funding to promote start-ups in the emerging area of aerospace technologies, a statement said on Wednesday.
New Delhi, Aug 19 (PTI) The National Research Development Corporation (NRDC) and the National Aerospace Laboratories (NAL) will establish an innovation-cum-incubation centre with external private funding to promote start-ups in the emerging area of aerospace technologies, a statement said on Wednesday.
Under this programme start-ups in the area of aerospace engineering would be incubated, mentored and supported for product and prototype development and their validation.
The NRDC is a PSU under the Department of Scientific and Industrial Research while the NAL is an institute under the Council for Scientific and Industrial Research.
“It is a historical day as NRDC and CSIR-NAL forged an innovative partnership to promote start-ups in the niche high tech area of aerospace engineering and this partnership may pave a way for establishing Innovation cum Incubation Centres in other CSIR laboratories which are working in different thematic areas” said H Purushotham, Chief Managing Director, NRDC.
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He also said this partnership will help to create employment opportunities in the country.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)