National Institute of Standards and Technology (NIST)
Definition - What does National Institute of Standards and Technology (NIST) mean?
The National Institute of Standards and Technology (NIST) is a standard laboratory for measurement. It is a non-regulatory agency of the Department of Commerce of the United States. It acts under the jurisdiction of the NIST Act that enhances the Organic Act which created the NBS. The official mission of the institute is to promote the industrial competitiveness and the United States innovation by advancing technology, measurement science and standards in ways which can improve the economic security and upgrade the life’s quality.
Petropedia explains National Institute of Standards and Technology (NIST)
The missions of the National Institute of Standards and Technology are carried out through the NIST laboratories that conduct research and advance the technological infrastructure of the United States, through the Baldrige National Quality Program that helps to improve the performance of business and several other organizations. The mission can be carried through technology innovative Program that offers cost-shared awards to the industry and as well as other institutes for high reward and high risk research in the areas of the critical national needs, through the Hollings Manufacturing Extension Partnership that helps smaller firms in adopting the new management and manufacturing techniques.