Abstract
It is indeed a great misnomer to analyze the dimensions of academic capitalism with the steady rise of entrepreneurial university in lines with Western educational policies. It is indeed a long treaded journey in emerging underdeveloped economies which has given the notion of a dream of the next superpower wherein entrepreneurial universities are a very recent concept post liberalization of economy and change in governmental practices and loosing hold over bureaucratic affairs which has led more stronger the innovation landscape of industry–education–government nexus in building the nation. Recent years have seen the great crisis of COVID pandemic which has changed the ideologies and theoretical models underlying economic welfare states and the velocity of money running through society. Amidst huge literature in entrepreneurial university studies, very little work has been done which answers the very pertinent question and research gap of how the triple helix model arrived in India and how the central government in India changed its beliefs globally by inheriting such model in its innovation practices to champion the cause of bringing new products, economic welfare, product development; which transformed India’s idea of being an importer of healthcare facilities to an expert and exporter of medical facilities thus completely reversing the cycle of trade and global logistics in healthcare economic practices. This paper works on such exploratory case study concerning India’s success story in employing triple helix model of innovation in national policy practices and world economy.
Highlights
Knowledge management in its nascent form has been a miracle for quite a long time
Trade and commerce was integral to academic capitalism from a long time with the opening of the borders and sea shores with travelers across Asia plunging into multifarious trade and dialectical shifts
As Britain transferred its educational practices to a more industry specific curricula and looked more liberal as universities like London School of Economics and Oxford which were the builders of Modern day university structures in India post independence which saw rise of colonial built university structures at state levels like Delhi (2), Kolkata and Mumbai; the flavors of British Raj still haunted the very corridors of public policies and governance with a missing out of nationalism in educational flora and fauna
Summary
Knowledge management in its nascent form has been a miracle for quite a long time now. In India, such political discourses saw rise of socialist blended political economy which pushed forward the license raj and bureaucratic hurdles which put it at second to Western dominance in liberal education and economics of knowledge management. Though substantial jolt was felt during the great depression of 1932 when FDR went forward with the Keynesian policies of governmental intervention, post Keynesian neoclassical discourses and national planning saw the birth of liberal thoughts and free markets dominating the education industry at large Examples of such knowledge spillovers were born out of Silicon Valley where MIT led educational practices saw the rise of nexus between industry and academic pursuits with the growth of innovation pockets en route 218 where BELL labs and the likes donned over the cooperative movements. Indian scenario portrays a textbook opportunity through the pandemic situation creating a national emergency situation looking for innovation and creativity
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