The Indian economy has undergone multiple shifts since independence: from focusing on agriculture to industry to services. As India stands on the threshold of becoming a developed nation, the thrust is to become an innovation-led economy. The contribution of start-ups is essential to achieve this transformation.
Just as a symphony in music brings about the convergence of four distinct movements, each with its own tempo and mood, this book consolidates the various aspects of innovation under four sections. Taken together, they provide a wide-ranging narrative on innovation and the ubiquitous role of start-ups and universities in the commercialisation of innovation.
Editors:
Thillai Rajan A. is a Professor in the Department of Management Studies and leads the Centre for Research on Start-Ups and Risk Financing (CREST) at the Indian Institute of Technology (IIT) Madras, Chennai, Tamil Nadu, India.
Jon Thomas is Director at the Esposito Family Centre for Innovation & Entrepreneurship (EFCIE); BC Regional Innovation Chair, Canada–India Partnership Development; and Associate Professor, University of the Fraser Valley (UFV) School of Business in Abbotsford, British Columbia, Canada.
Foreword Preface Acknowledgements List of Contributors
Overview 1. Fostering Science Innovation through an Ecosystem of Universities, Start-ups, Incumbents, Funders and Policymakers Jon Thomas and Thillai Rajan A.
Section A: Political Approaches to Start-up and Innovation
2. The Dravidian Approach to Start-ups and Innovation: The State of Tamil Nadu Dr. P. T. R. Palanivel Thiagarajan
3. Accelerating Economic Growth: Transforming the Innovation Ecosystem K. Annamalai
4. Democratising the Creation of Start-ups for Social and National Development C. K. Kumaravel
Section B: Commercialising Technology and Innovation
5. Bridging the Research–Innovation Gap in the Indian Ecosystem Prof. V. Ramgopal Rao
6. Technological Leadership in India: Enabling Start-ups to Take the Wheel and Forge Ahead Rishikesha T. Krishnan
7. Will Ideas Follow the Money Trail or the Other Way Around? Narayan Ramachandran
8. Nurturing Innovation and Entrepreneurship in a University Ecosystem: A Blueprint from IIT Madras Research Park and Incubation Cell Prof. Ashok Jhunjhunwala 9. Commercialising Science: Assistive Devices and Rehabilitation Resources for the Indian Context Prof. Sujatha Srinivasan
10. Commercialising Science: Electric Mobility in the Sky Prof. Satya Chakravarthy
Section C: The Paradigm of Open Innovation
11. Start-ups, Corporates, Academia: The Open Innovation Trinity Avnish Sabharwal
12. Should Billion-Dollar Corporations Engage with Start-ups? The Case of TCS Co-Innovation Network (COIN) Raju Goteti
13. Catalysing Corporate–Start-up Partnerships through an Open Innovation Framework Sruthi Kannan and Keerthi Raghavendra
Section D: Ingredients to Elevate Start-up Success
14. Why Do Start-ups Need Incubators? Perspectives from Deep-Tech Incubation at IIT Madras Jayalakshmi Umadikar
15. Equipping the Ecosystem to Help Start-ups Survive and Thrive Sonali Jha and Maniranjan Kumar
16. Investment in Deep Tech: Choosing the Right Bets in a High-Stakes Game Dr. Archana Hingorani
17. The Small Industries Development Bank of India: Lending a Hand to the Indian Start-up Ecosystem Anita Nagarajan
18. Credit Guarantee: An Effective Tool to Support Entrepreneurship Sandeep Varma 19. Internationalisation and Start-ups: Why and How? A Case Study of the Cleantech Sector Satyajit Mohanan