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Rakesh Basant - The Black Box: Innovation and Public Policy in India

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Rakesh Basant The Black Box: Innovation and Public Policy in India
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    The Black Box: Innovation and Public Policy in India
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The Black Box Innovation and Public Policy in India - image 1
RAKESH BASANT
THE BLACK BOX
Innovation and Public Policy in India
Indias Bestselling Business Books Series
IIM Ahmedabad Business Books
The Black Box Innovation and Public Policy in India - image 2

PENGUIN BOOKS
Contents
Advance Praise for the Book
This pioneering book is a must-read, not only for those interested in innovation policy in India, but also for those interested in understanding innovation and entrepreneurship in emerging economies more generally. A superb evaluation of policy in action, and the evidence on what works, what ought to but does not, but might yet do so in the future with some tweaking. R&D subsidies, tech transfer, incubators, patents, multinationals and human capitalthe coverage is comprehensive and the analysis penetratingAshish Arora, Rex D. Adams Professor of Business Administration, Duke University
For a policymaker, the broad policy perspective provided by the book is very refreshing. It not only brings out interesting insights on the conventional innovation policy instruments but also highlights the emerging role of policies that support creation of a vibrant ecosystem for innovation-driven entrepreneurship in high-tech areas. The discussion on technology business incubators, publicprivate partnership models for start-up financing, the role of higher education and mission-driven approaches to support innovation, is especially usefulK. VijayRaghavan, principal scientific adviser, Government of India
It is rare to find someone who has experience in teaching, research and early-stage investingthe author draws from his unique vantage point at the junction of all three. The importance of various policy instruments in building a vibrant entrepreneurial ecosystem in India cannot be underestimated. This book provides useful insights on the efficacy of policies that support incubators and accelerators in higher education institutions to foster innovation-driven start-ups. The author draws upon the learnings from his teaching and research at IIM Ahmedabad and CIIE, and also from the experience of Infuse Ventures, a fund created through a publicprivateacademia partnershipSanjeev Bikhchandani, entrepreneurinvestor
Over the last sixty years, an increasing body of research has enriched our understanding of innovation. Rakesh Basant combines his deep understanding of theoretical work in the field with empirical studies of innovation in India. The result is an invaluable book, one that is required reading for all those interested in innovation studies, Indian industry or economic policy. The Black Box is scholarly, engaging, lively and thought-provoking, all at the same time. A long-awaited book by one of our leading scholars in the fieldNaushad Forbes, co-chairman, Forbes Marshall
The Black Box is a patient and insightful tutorial on innovation and public policya compendium that is a must for all policymakers and innovation scholars, especially in India. It brings together a deep understanding of how the building of technology capabilities is enabled by governments and firms, and unravels the mysteries of development through technological innovation. It draws our attention towards the new role of higher educational institutions and innovation-driven start-ups in building a vibrant socio-economic environment in India. This is a timely book when policies have to be redesigned more sharply in the wake of massive technological changes that are happening around the worldPankaj Chandra, vice chancellor, Ahmedabad University
For
my father, Iqbal Narain,
who continues to be my benchmark for a liberal academic,
and
my teacher, K.K. Subrahmanian,
who introduced me to the economics of technology
List of Abbreviations
Alternative Investment FundsAIFs
Artificial IntelligenceAI
Asian Development BankADB
Bank of IndiaBoI
Biotechnology Industry Partnership ProgrammeBIPP
Build-Own-OperateBOO
Business Model InnovationBMI
Centre of ExcellenceCoE
Centre for Innovation, Incubation and EntrepreneurshipCIIE
Centre for Monitoring Indian EconomyCMIE
Corporate Social ResponsibilityCSR
Council of Scientific ResearchCSIR
Defence Advanced Research Projects AgencyDARPA
Department of EnergyDoE
Department of Industrial Policy and PromotionDIPP
Department of Science and TechnologyDST
Foreign Direct InvestmentFDI
Foreign Exchange Management ActFEMA
Fund-of-Funds SchemeFFS
Global Innovation IndexGII
Government of India
GoI
Gross Fixed Capital FormationGFCF
Higher Education Commission of IndiaHECI
Higher Education InstitutionHEI
Human Resource DevelopmentHRD
Indian Council of Social Science ResearchICSSR
Indian Institute of Management AhmedabadIIMA
Indian Institutes of ManagementIIMs
Indian Institutes of TechnologyIITs
Industrial Credit and Investment Corporation of IndiaICICI
Information and Communications TechnologyICT
Institutes of EminenceIoE
Institutes of National ImportanceINI
Integrated CircuitsIC
Intellectual Property RightsIPR
International Finance CorporationIFC
Investor Advisory CommitteeIAC
Jawaharlal Nehru National Solar MissionJNNSM
Just-in-timeJIT
learning-by-doing, by-using, and by-interactingDUI
Machine LearningML
Micro, Small and Medium EnterprisesMSME
Ministry of New and Renewable EnergyMNRE
National Action Plan on Climate ChangeNAPCC
National Innovation SystemNIS
National Institutes of Health
NIH
National Research FoundationNRF
National Science FoundationNSF
National Skill Development CorporationNSDC
National Skill Development FundNSDF
Plant Breeders RightsPBR
Private EquityPE
Products, Processes and Practices3 Ps
Protection and Utilization of Public Funded Intellectual PropertyPUPFIP
Public Funded Intellectual PropertyPFIP
Public-Private PartnershipPPP
Public-Private-Academia PartnershipPPAP
Purchasing Power ParityPPP
Quality Function DeploymentQFD
Renewable SeedREseed
Research and DevelopmentR&D
Science and EngineeringS&E
Science and TechnologyS&T
Scientific and Technologically-based Innovation
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