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University-industry partnerships facilitate socio-economic development by incubating innovations and diffusing entrepreneurial capabilities to create new markets in rural areas. Complexity theory based approaches are used to develop a process model of emergence based on a case study of a leading Indian technical institution involved in creating new technologies and markets. The process model outlines three key mechanisms by which university-industry linkages can address the dual challenge of achieving global competitiveness and promoting rural development: The emergence of new markets is contingent on the development and deployment of innovative, low-cost technologies that foster distributed entrepreneurship.
International Journal of Technoentrepreneurship – Inderscience Publishers
Published: Jan 1, 2011
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