Adding Entrepreneurship to India’s Science, Technology & Innovation Policy

Authors

  • Ragini Chaurasia Sciences Po - Département d'économie - 28 Rue des Saints-Pères, 75007 Paris, FRANCE
  • Mitrasen Bhikajee UNESCO New Delhi, B-5/29, Safdarjung enclave, New Delhi, 110029, INDIA, Tel.: +91 11 2671 3000

DOI:

https://doi.org/10.4067/S0718-27242016000200009

Keywords:

entrepreneurial policy and education, growth, India, private sector, government as venture capital, STIP

Abstract

Science, Technology & Innovation Policy (STIP) is an important policy instrument particularly in the developing countries. India also has recognized the role of science, technology and innovation in development as early as 1958 but still trails behind its peer Brazil, China and the Asian tiger Singapore. Considering strong correlation between research and development investment and growth based on existing studies, this paper brings forth the present situation of India in investment and its influence on the performance of the economy vis-à-vis the three countries. This paper studies the STIP 2013 in detail and reports the contribution of the Department of Science and Technology in India. The main conclusion of this paper is the recommendation for incorporation of “entrepreneurship” in STIP based on global best practices, which can be achieved by government’s involvement as a venture capitalist to seed and support innovations, increasing transparency and incorporating entrepreneurial curriculum.

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Author Biographies

Ragini Chaurasia, Sciences Po - Département d'économie - 28 Rue des Saints-Pères, 75007 Paris, FRANCE

Ms. Ragini Chaurasia is a graduate student in Economics (2014-16) at Sciences Po, Paris. She pursued her internship at UNESCO Cluster Office in India  (covering Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka) and worked on the Science, Technology and Innovation Policy of India. Previously She worked as a Consultant PricewaterhouseCoopers (PwC) Private Limited where she has experience in ranging from identification of policy gaps in India vis à vis world to impact evaluation of social initiatives. She holds a Bachelor of Technology degree from Indian Institute of Technology Delhi (IITD), India. 

Mitrasen Bhikajee, UNESCO New Delhi, B-5/29, Safdarjung enclave, New Delhi, 110029, INDIA, Tel.: +91 11 2671 3000

Dr. Mitrasen Bhikajee is a senior program specialist and heads the science sector of the UNESCO Cluster Office in India (covering Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka). Prior to this post, Dr. Bhikajee was the Deputy Executive Secretary of the Intergovernmental Oceanographic Commission of UNESCO in Paris (2011-2014) and the Director of the Mauritius Oceanography Institute (2004-2011). He was Associate Professor at the University of Mauritius and spent fourteen years in marine biology research (1989-2004). He holds a B.Sc. in Zoology, a Master’s degree in Fisheries Management and a Ph.D. in Marine Biology.

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Published

2016-06-21

How to Cite

Chaurasia, R., & Bhikajee, M. (2016). Adding Entrepreneurship to India’s Science, Technology & Innovation Policy. Journal of Technology Management &Amp; Innovation, 11(2), 86–103. https://doi.org/10.4067/S0718-27242016000200009

Issue

Section

Research Articles