KU’s NIF cell signs MOU for technology transfer

  • 1
    Share

Srinagar: A Memorandum of Understanding (MOU) was on Monday signed between Kashmir Motors Group of Industries Srinagar, and Kashmir University’s National Innovation Foundation (NIF) Cell-JK,.
According to a statement, the signing ceremony was held at Institute of Technology, Zakura Campus of Kashmir University.
“Mushtaq Ahmad Dar, an innovator from South Kashmir associated with NIF, has developed a semi-automatic machine for de-hulling or peeling walnuts. Kashmir Motors, an OEM of Honda India, with its main office at Srinagar, signed an agreement for purchasing the rights for commercialization of the Walnut Peeler in the Indian market, while paying royalty to the innovator,” the statement said.
A front royalty in the form of a cheque for Rs 50,000 was paid to Mushtaq on the spot while 3% of sales will also be payable to him subsequently, it said.
Mushtaq is a serial innovator associated with NIF Cell, who has developed many innovations including pole climber, walnut cracking machine, walnut peeler etc.
While calling it a historical event in the state, Prof Gulam Mohiuddin Bhat, Chairman NIF Cell-JK and Director Institute of Technology, congratulated the innovator as well as Kashmir Motors for collaborating for common good of the people of Kashmir.
He said that science and engineering is all about working out scientific gadgets and solutions to solve the problems faced by the society. “There is a need for scientists, engineers and grass-root innovators to work together with local entrepreneurs for development and commercialization of useful technological products, which will strengthen the industrial sector and address the unemployment problem in the state,” he added.