Preview

Role of Government in Encouraging Innovation

Powerful Essays
Open Document
Open Document
2854 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Role of Government in Encouraging Innovation
ROLE OF GOVERNMENT IN ENCOURAGING INNOVATION

12/4/2011

Strategic Innovation Management

Authored by Nandini Kapur (D326) Kanika Katyal (D325)

ROLE OF GOVERNMENT IN ENCOURAGING INNOVATION

ROLE OF GOVERNMENT IN ENCOURAGING INNOVATION
S T R AT E G I C I N N O VAT I O N M A N A G E M E N T

Contents
EXECUTIVE SUMMARY ........................................................................................................ 2 INTRODUCTION................................................................................................................... 3 SCIENCE AND TECHNOLOGY POLICY ................................................................................. 4 STATE INDUCED INCENTIVES FOR INNOVATION ............................................................... 4 TECHNOLOGY INCUBATION AND DEVELOPMENT OF ENTREPRENEURS ........................... 5 SUPPORT INTERNATIONAL PATENT PROTECTION IN ELECTRONICS & IT (SIP-EIT)……….6 MULTIPLIER GRANTS SCHEME ............................................................................................. 6 NATIONAL INNOVATION FOUNDATION ........................................................................... 6 TECHNOLOGY PROMOTION, DEVELOPMENT AND UTILIZATION (TDPU) .......................... 7 Technology Development and Demonstration Program (TDDP) ...................................................... 7 Technopreneur Promotion Programme (TePP) ..................................................................................... 8 'INNOVATION OF SCIENCE PURSUIT FOR INSPIRE RESEARCH (INSPIRE) ' ......................... 8 CONCLUSION ...................................................................................................................... 9

Page 1

ROLE OF GOVERNMENT IN ENCOURAGING INNOVATION

EXECUTIVE SUMMARY
Government plays a vital role in any national innovation system, in that it formulates policies that may or may not be conducive to business environment and may or may not reward


References: http://www.indiatogether.org/2011/nov/opi-aditya.htm http://business.gov.in/innovation/support.php http://business.gov.in/innovation/organisational.php http://business.gov.in/innovation/intenctives.php http://siteresources.worldbank.org/SOUTHASIAEXT/Resources/223546-1181699473021/38767821191373775504/indiainnovationfull.pdf http://www.global-innovation.net/publications/PDF/Working_Paper_51.pdf http://www.mit.gov.in/content/innovation-promotion http://www.mafhoum.com/press7/228T43.pdf Page 10
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Eco203 Principles of Macroeconomics Week 4 Journal
    • 590 Words
    • 3 Pages

    Eco203 Principles of Macroeconomics Week 4 Journal

    When it comes to corporate business and the common business the government needs to intervene to make the playing field fair for everyone involved. When competitors seek out the next get big money merger or expansion, this is where I believe the government steps in. with the government putting in place regulation such as fiscal policy, and monetary policy, the grounds of society become equal to the groups of power that have greater economic influence.…

    • 590 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Discuss the Extent to Which Different Legislatures Control the Work of the Executive.
    • 1778 Words
    • 8 Pages

    Discuss the Extent to Which Different Legislatures Control the Work of the Executive.

    At the present, the growth in the role of government, especially in the areas of social welfare and economic management, has been associated with a…

    • 1778 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Current Event Report: Burt's Bees
    • 2573 Words
    • 11 Pages

    Current Event Report: Burt's Bees

    Business needs government regulation to protect innovators of new technology, the interest of society in general, one business from another and consumers. In turn, government needs business the marketplace generates taxes that support public efforts to educate our youth, pave our roads, protect our shores, etc.…

    • 2573 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Catcher In The Rye Persuasive Essay
    • 636 Words
    • 3 Pages

    Catcher In The Rye Persuasive Essay

    4. At this part of The Catcher In the Rye, Holden is talking to Phoebe about his possible future careers, however his choice in career reflects Holden's affinity for all things innocent and his will to a protector of them. Holden remembers a part of a Robert Burns poem incorrectly as "if a body catch a body coming through the rye" this causes him to imagine himself saving children by "catch[ing] them" before they "go over the cliff." Ironically, the poem itself is about casual sex, yet Holden interprets it differently in a much more innocent manner. He believes that someone must save the children before they fall off the cliff. The children represent innocence and Holden wants to save the children before they fall off the cliff and enter into the pit of adulthood and a world full of phonies. As Holden himself struggles with realizing his own future, he does not realize that he also wants to be saved from the…

    • 636 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    News Report: Romeo and Juliet

    • 461 Words
    • 2 Pages

    News Report: Romeo and Juliet

    Yesterday December 13th 2012 in the Capulet Monument, two star-crossed lovers, Romeo Montague and Juliet Capulet both took their lives out of their love for each other. Due to the harsh realities of the ancient family feud, the two loves we sworn to never be together, bringing their lives to a tragic ending.…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    THE ROLE OF LEADERS IN INNOVATION
    • 2296 Words
    • 14 Pages

    THE ROLE OF LEADERS IN INNOVATION

    innovation with in an organization. The first model to be discussed is the Contingency Theory,…

    • 2296 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The formal and informal business rules in China
    • 1369 Words
    • 5 Pages

    The formal and informal business rules in China

    Government often plays a part in formulating rules for business .Dunning (1997) points out that "the optimal role of government in the organization of economic activity has long been a subject of intense-and sometimes passionate controversy" (p.32).This role in China has become a kind of guidance for economists to create some legal rules which completely determine the activities of firms in the economic field over a long period. Nowadays, these formal rules have become government interventions.…

    • 1369 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Annotated Bibliography Assignment
    • 1279 Words
    • 6 Pages

    Annotated Bibliography Assignment

    Fairholm, Matthew R. The Innovation Journal: The Public Sector Innovation Journal, Volume 14(1), 2009, article 3…

    • 1279 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Better Essays

    Flat Tax System Analysis
    • 1190 Words
    • 5 Pages

    Flat Tax System Analysis

    The government inserts itself into the American economy through laws, regulations, encouraging investments, and infrastructure investments (Cochran, 38-67). America uses regulations in the economy to protect and directly benefit its citizens. For example the FDA, a government organization, puts regulations on food and drug products to make sure they are safe for human consumption. Without these positive regulations the American population would be at risk for many side effects and illnesses that are easily prevented by the FDA’s guidelines. The government will also use tax rates and other factors to control what you buy. An instance of this is how the government will sometimes make the taxes higher on tobacco products to discourage people from buying these products. This factor is on the verge of negative government interference. On one had they are trying to protect the American people, but on the other they are using their power to make decisions for us by using our money as a pawn. How involved government should be in our “free enterprise system” has been a heated debate for decades. Some have gone as far as proposing that all regulation agencies should be abolished because it has been proven that they have become controlling forms of legislature within themselves (Cochran, 63). While I disagree with abolishing all regulation agencies, due to the fact many are necessary to keep our…

    • 1190 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Policy Diffusion
    • 1646 Words
    • 7 Pages

    Policy Diffusion

    Berry and Berry (2007) defined policy innovation as a programme that is new to the government adopting it (p. 223) and presented the diffusion model and the internal determinants model as the main theories to explain the different possible structures of policy innovation. They argued that the models presented hypothesise that states emulate each other for one of three basic reasons: to learn from one another, to compete with one another, and the pressure to conform to national standards (p. 225). Shipan and Volden (2008) on the other hand paid less attention to the internal determinants model. While they echoed Berry and Berry’s three basic reasons of innovation, Shipan and Volden added a fourth reason – to imitate larger cities. Both literatures acknowledged the fact that even though testing the theories in isolation could create misleading assumptions, it helps to attest the validity of those theories and explain how they work. Both literatures also devoted their primary attention to…

    • 1646 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    How Open Innovation Helps
    • 5236 Words
    • 21 Pages

    How Open Innovation Helps

    SPOTLIGHT ON INNOVATION These strategic moves can reduce the costs of R&D today without sacrificing tomorrow’s growth.…

    • 5236 Words
    • 21 Pages
    Powerful Essays
    Read More
  • Best Essays

    Role of Entrepreneurship and Innovation
    • 2671 Words
    • 11 Pages

    Role of Entrepreneurship and Innovation

    “They have employed existing means of production differently, more appropriately, more adventurously. They have “carried out new combinations”. They are entrepreneurs” – Joseph Schumpeter (Lumsdaine and Binks, 2007). Entrepreneurship is a procedure through which individuals identify opportunities (problems that need to be solved or unmet needs) in the market place, allocate resources, initiate change by being innovative and creative and create value through solutions. One of the Factors of Production to produce goods or services is Enterprise with Land, Labour and Capital; an entrepreneur combines all other factors of production by enterprise, which is actually problem solving, risk taking and creativity, to come up with innovative products or services. “Innovation is the ability to see change as an opportunity - not a threat”. (Steve Jobs,2010). It is not necessary that Innovation is something completely new which is stated as ‘Discrete Change’ by Joseph Schumpeter, it can also be a ‘Gradual Change’, that is a product or service which is better than what was there before (Lumsdaine and Binks, 2007). It can be called a process by which an Idea or invention is translated into a product or service for which people will pay and perceive it as being new. Entrepreneurship is incomplete without Innovation as Steve Jobs said, “Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.”. (Steve Jobs,2010). Economic Development can be defined as the development of economic wealth for the well being of a country’s inhabitants. It implies progressive changes in the socio-economic structure of an economy, change in the distribution pattern of income, adoption of new technologies, creation of jobs, transition from agro-based to industry-based economy and general improvements in living standards.…

    • 2671 Words
    • 11 Pages
    Best Essays
    Read More
  • Better Essays

    Development Strategies and Policies of the Russian Government: Toward Growth and Innovation Theory Paper
    • 2209 Words
    • 9 Pages

    Development Strategies and Policies of the Russian Government: Toward Growth and Innovation Theory Paper

    In this paper I would refer to some papers and a works that are connected to this question and a in the very end would introduce my point of view about the mistakes of the government and the reasons of not proper way of working the strategy, what is not rights in sphere of influence of government and in financing the innovation in my point of view.…

    • 2209 Words
    • 9 Pages
    Better Essays
    Read More
  • Good Essays

    Explain Why Does Innovation Need To Be Supported?
    • 881 Words
    • 4 Pages

    Explain Why Does Innovation Need To Be Supported?

    Budgeting can stimulate innovation through financial incentives, promoting greater flexibility, aligning budgeting and investment frameworks to scale up innovation and diffuse its benefits through the system, and promoting methodologies to ensure return on investment.. Innovation is also likely to emerge from interactions between different bodies, so appropriate frameworks are needed to allow these interactions to happen. Government organisations need opportunities to think about how their interventions interact with those of other bodies, and how they can collaborate more effectively to solve common…

    • 881 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Consumer Behavior
    • 277 Words
    • 2 Pages

    Consumer Behavior

    Jewelry marketing is very life-cycle oriented, and it is the goal of jewelry marketers to "connect" with a customer early in their lifetime and to remain their jeweler of choice throughout their lifetime.…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
    Read More

Related Topics