TED NewsDesk, Kolkata: The Government of West Bengal and Entrepreneur and Innovation Park run by Indian Institute of Management (IIM) Calcutta signed a Memorandum of Understanding (MoU) on Monday. The agreement was signed to establish a Technology Development and Adaptation Centre (TDAC).
The official statement highlighted the aim of the collaboration, thus saying that the TDAC will help in developing technologies to assist in location-specific problems based on requirements.
“The state Department of Science and Technology and Biotechnology and the IIM Calcutta-run Entrepreneur and Innovation Park have mutually agreed to set up the TDAC through the West Bengal Science and Technology Council with the objective of building and nurturing an ecosystem to support science and technology-led entrepreneurship, promoting Scientific research and innovation,” the release said.
“This will entail mentoring product development, motivating youth to take up S&T [Science and Technology] entrepreneurship, supporting job creation and employment. The promising S&T solutions/research in the state will enable sustainable ventures, businesses, and facilitate commercialization of research output,” it added.
The introduction to S&T solutions in the state will help in providing reliable start-ups, enterprises and will also facilitate profit-oriented research yield.