CSIR Pvt. Tech Limited (CSIR), a company affiliated to the Scientific and Industrial Research Council (CSIR), and mainly for the commercialization of technology developed by 37 laboratories of the old in 75 years organization has been closed. FINANCE
“.. Folks, CSIR is shutting down his operation after 6 years… sad for the commercialization of scientific research and development in India. On February 9, a post on CSIR-Tech Facebook page said,” This Many lessons learned for future efforts. “Its website is inactive.
According to a press release from the Ministry of Science, in 2016 for exactly that year, Union Science Minister Harsh Vardhan visited the National Chemical Laboratory, techlabmodels Pune (where CSIR-tech was based) and said that it is “the view that CSIR -Tech has not only introduced small and medium enterprises in India but also for science-based start-up and laboratory spin
CSIT-Tech CEO Amitabh Shrivastav, an entrepreneur, told the Hindu that legal aid for the success of CSIR-labs, or lack of delay in executing commercial deals by the funds and CSIR laboratories. He said, “There was no official office memorandum that gave CSIR-Tech the right to acquire exclusive rights to commercialize the patent portfolio of CSIR.” He said that all the employees had left till November and that the “last employee” was staying behind only for closing it. wolvesbros
Mr. Shrivastav said, “We did some deals with CSIR laboratories but it relied on the enthusiasm of individual directors of all the laboratories. I made arrangements of Rs 30 crore from investors, which was used to pay the wages, but eventually, It could not be expanded because there was no money or money from CSIR. ”
The senior leadership of CSIR-Tech included the directors of CSIR-Labs, in which Dr. S Shivram, former director, National Chemical Laboratory (a CSIR-Lab), experienced economist Vijay Kelkar, former finance secretary and CSIR-Tech chairman, and entrepreneur Saurabh Shrivastav, former chairman of NASSCOM; Luis Miranda, Founder, IDFC Pvt Equity and Mohandas Pai, President, kabarindoo Manipal Global Foundation.
Although a repository of innumerable technologies and innovative scientists, CSIR – the country’s largest patent holder – earns royalties more to keep its patents active. There is a relatively high rate of commercialization of its patent (approximately 9% compared to the global average of 4%) but they earn very little. Most of the CSIR revenues have been taken in consultation, dominatelocal and there are projects for India’s defense and space activities. CSIR-Tech was conceived to solve this problem.