NRDC and NCISM Sign MoU to Commercialise Traditional Medicine Research

Key facts

• The National Research Development Corporation (NRDC) and the National Commission for Indian System of Medicine (NCISM) signed a Memorandum of Understanding (MoU) covering innovation, intellectual property management, technology transfer and commercialisation of research.
• The partnership aims to help researchers and practitioners turn promising work in traditional medicine into protected, validated and commercially useful healthcare solutions.
• NCISM will connect NRDC with its regulated institutions, Research, Innovation and Entrepreneurship Development Cells and registered medical practitioners across India.
• NRDC will assist innovators with patents, trademarks, technology assessment, valuation, licensing and technology transfer, and connect institutions with industry.
• The MoU supports the development of evidence-based healthcare technologies rooted in India's traditional medical knowledge systems including Ayurveda, Unani, Siddha and Sowa-Rigpa.