Title: Effective industry/institute interaction for developing entrepreneurial vision amongst engineers for the sustainable development of SMEs in India

Authors: V.P. Wani, T.K. Garg, S.K. Sharma

Addresses: National Institute of Technology, Kurukshetra, Haryana-136119, India. National Institute of Technology, Kurukshetra, Haryana-136119, India. National Institute of Technology, Kurukshetra, Haryana-136119, India

Abstract: The development of entrepreneurship amongst engineers will be an effective mechanism of luminous renaissance in technology innovations, helpful in the removal of regional imbalance and sustainable growth of SMEs. An engineer, through self-employment as a career, can bring about a technical revolution that can meet the challenges of the emerging scenarios of globalisation and liberalisation, with a key element of competition rather than protection. This paper discusses the strategies for developing entrepreneurial vision amongst engineers, the necessity of the engineer as entrepreneur, the significance of industry/institute interaction, the role of engineering education and the impact of engineering education in the growth of small and medium enterprises. As per the survey carried out, the authors find the relevance of the entrepreneurial concept and capability amongst engineers when selecting career options.

Keywords: entrepreneurship; small and medium enterprises; SMEs; industry-institute interaction; technology transfer; small industries; engineering institution; technical education; engineer as entrepreneur.

DOI: 10.1504/IJTTC.2004.003522

International Journal of Technology Transfer and Commercialisation, 2004 Vol.3 No.1, pp.38 - 55

Available online: 12 Sep 2003 *

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