Consider the following statements regarding the TDB National A | Test Portal UPSC Only

Consider the following statements regarding the TDB National Award 2021:-

(1) A Bangalore based startup has received the National Award 2021 from the Technology Development Board (TDB) for developing a commercial solution for the conservation of Co2 to chemicals and fuels.

(2) The startup signed an agreement with JNCASR , an autonomous Institute of the Department of Science and Technology for the transfer of Technology based on lab-scale research on reducing CO2 to methanol and other useful Chemicals and fuels.