Government Initiatives for Developing Technologies in Public Research Institutes through Strategic Relationship with Industry

Abstract

The relationship between The country that facilitates strategic relationships among research institutes and industries, through appropriate mechanisms, gains a competitive edge through faster technology development, transfer and commercialization. Successful technology development and transfer, needs early identification of potential technologies and assessment of their commercial potential. This study examines various models for technology selection and technology development available in the literature. Also, this communication presents various government initiatives that promote technology development, transfer and commercialization in Indian public research institutes. These initiatives try to bridge the gap between research institutes and industry and help research institutes to commercialize the technologies emanating from it. Important initiatives and their implementation were identified using an explorative study through a review of secondary sources and websites of concerned government departments.