The emergence of new markets, distributed entrepreneurship and the university: fostering development in India
by Gita Surie
International Journal of Technoentrepreneurship (IJTE), Vol. 2, No. 3/4, 2011

Abstract: University-industry partnerships facilitate socio-economic development by incubating innovations and diffusing entrepreneurial capabilities to create new markets in rural areas. Complexity theory based approaches are used to develop a process model of emergence based on a case study of a leading Indian technical institution involved in creating new technologies and markets. The process model outlines three key mechanisms by which university-industry linkages can address the dual challenge of achieving global competitiveness and promoting rural development: system reconfiguration; technological recombination; entrepreneurship dissemination. The emergence of new markets is contingent on the development and deployment of innovative, low-cost technologies that foster distributed entrepreneurship.

Online publication date: Tue, 31-Mar-2015

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