Commercialisation of new technologies in India: an empirical study of the perspectives of financial institutions
Authors: Kumar, Vimal; Jain, P.K.
Source: International Journal of Services Technology and Management, Volume 4, Number 2, 24 July 2003 , pp. 103-130(28)
Publisher: Inderscience Publishers
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.
Keywords: COMPUTING JOURNALS; Information Systems and Technology; Internet and Web Services; MANAGEMENT JOURNALS; Operational Management, Marketing and Services; PUBLIC POLICY AND ADMINISTRATION JOURNALS; Policy and Organisational Management; Public Policy and Public Services
Document Type: Research Article
Affiliations: Department of Science and Technology, Ministry of Science and Technology, Government of India, New Delhi 110 016, India. Department of Management Studies, Indian Institute of Technology, New Delhi 110 016, India
Publication date: 2003-07-24