Abstract
In recent years technology has become not only an important dimension of national development and growth but also essential for survival in this competitive world. Consequently, development and commercialization of new technologies has become an activity of focal attention and a force to reckon with. India had started development of its scientific infrastructure in a planned way immediately after independence, however, technology development/commercialization attracted due attention of policy makers only since 1980s. The papers presents findings of field research undertaken by the authors to study the status of new technology commercialization practices in the country. The focus is on the parameters that influence the decision regarding commercialization of new technologies and the success of new technology ventures, the efficacy of existing financing/support mechanisms and the further actions required by stakeholder agencies, viz., industry, technology institutions, financial institutions and the government for further development of commercialization of new technologies in India. For better exposition the presentation is divided into sections dealing with introduction, technology commercialization — policy initiatives in India, need for the study, design and methodology, study findings and is summed up with concluding remarks.
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