Commercialisation of new technologies in India: an empirical study of the perspectives of financial institutions
by Vimal Kumar, P.K. Jain
International Journal of Services Technology and Management (IJSTM), Vol. 4, No. 2, 2003

Abstract: The importance of technology for the development and competitiveness of a nation is well established. Germany during the second half of the 19th century and thereafter the USA, European countries and Japan have demonstrated a development and growth in industry as well as the competitiveness of the nation through the application of technology. The re-orientation of existing financial institutions as well as the commissioning of new ones to finance and support the commercialisation of new technologies has played a very important role. In India, the commercialisation of new technologies made a real beginning during the 1980s with the establishment of venture capital funds and a few special funding/support mechanisms during the following years. Over the years, most of VCFs have drifted away to less risky projects. However, a good number of technologies have been commercialised and a number of practices as well as experiences have emerged. The authors have completed a detailed field research study covering industrial firms, technology institutions, financial institutions and policy/decision makers as well as facilitators (sample size 480 numbers). The financial institutions related part of the study is presented in this paper.

Online publication date: Thu, 24-Jul-2003

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