National Research Development Corporation
National Research Development Corporation (NRDC) was a non-departmental government body established by the Government of India to transfer technology from the public sector to the private sector.
[edit] History
The NRDC was established by 1950|Attlee's Labour government]] in 1948 to meet a perceived need at the time to exploit the many products that had been developed during World War II by the Defence Research Establishments.[1] The first managing director was Lord Giffard.
The first commercial size hovercraft, the SR-N1, was built under a contract let by the NRDC to Saunders-Roe in 1958.[2]
In 1981, the NRDC was combined with the National Enterprise Board ('NEB') to form the British Technology Group ('BTG').
[edit] Operations
Typically the NRDC would patent the product for commercial exploitation and earn royalties as private sector companies generated sales from those products.
Examples of such products include carbon fibre, asbestos-plastic composites and developments in semi-conductor technology.[1]
The development of the hovercraft would also not have taken place without the involvement of the NRDC.[3]
