Assessing the Success of National Knowledge Commission in Promoting Innovation and Entrepreneurship
The National Knowledge Commission was set up in 2005 by the Government of India with the aim of promoting excellence in education, research and innovation. The commission was tasked with the responsibility of creating a policy framework that would help India attain its goal of becoming a knowledge-driven economy.
One of the key areas that the commission focused on was promoting innovation and entrepreneurship. It was believed that innovation and entrepreneurship were critical to ensuring India’s long-term economic growth. The commission set out to create an ecosystem that would foster innovation and entrepreneurship in the country.
So, how successful was the National Knowledge Commission in promoting innovation and entrepreneurship in India? Let us examine some of the key initiatives undertaken by the commission and their impact.
Creation of Innovation Clusters
One of the initiatives undertaken by the commission was the creation of innovation clusters. The aim was to bring together researchers, entrepreneurs and investors in a single ecosystem. The commission identified key areas such as biotechnology, information technology, and nanotechnology, and created clusters around these areas. These clusters were aimed at promoting collaboration, innovation and the transfer of technology from research institutions to the market.
The impact of these clusters has been mixed. While some have been successful in promoting innovation and entrepreneurship, many have not. There have been issues with governance, funding and attracting the right talent.
Establishment of the National Innovation Foundation
The National Innovation Foundation was established in 2000 with the aim of identifying, nurturing and promoting grassroots innovation in the country. The foundation works with innovators across the country to help them develop their innovations into viable products and services.
The foundation has been successful in identifying and promoting grassroots innovation in the country. Thousands of innovators have benefited from its programs. However, the impact of these innovations on the economy has been limited.
Creation of the National Entrepreneurship Network
The National Entrepreneurship Network was created by the commission to promote entrepreneurship in the country. The network aimed at providing mentorship, financial support and access to networks for entrepreneurs.
The impact of the National Entrepreneurship Network has been mixed. While it has been successful in promoting entrepreneurship in some areas, it has not been able to create a significant impact on the overall entrepreneurship ecosystem in the country.
Conclusion
In conclusion, while the National Knowledge Commission made some important strides in promoting innovation and entrepreneurship in the country, the impact of many of its initiatives has been limited. There is a need for a more holistic and integrated approach towards promoting innovation and entrepreneurship in the country. This approach should involve collaboration between the government, industry and academia. The focus should be on creating an ecosystem that fosters innovation, entrepreneurship and the transfer of technology from research institutions to the market.
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