Abstract
Public funded research finds its salvation in the Technology transfer space leading to indigenous development, entrepreneurship promotion, and affordable products contributing significantly to economic growth and larger public good. Recognising the importance of innovation in the country, Government of India is investing hugely to support R&D, leading to spurt in the number of publications and patents. However, few patents are licensed and translated into useful products. Analysing the input-output deficit and exploring the opportunities in India for developing affordable healthcare technologies for the world, the authors have evaluated the opportunities and challenges in the technology-transfer arena in India and suggested possible ways to address these challenges. A triple-helix strategy for changes at each level viz. national policy, institutional and human capital, has been proposed to create enabling environment for facilitating national and international technology transfers for global impact. This will be of relevance to policy makers, technology-transfer professionals and academicians.
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