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Biotechnology innovation for inclusive growth : a study of Indian policies to foster accelerated technology adaptation for affordable development

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  • Vijayaraghavan, K.
  • Dutz, Mark A.

Abstract

This paper describes and analyzes a series of complementary policy initiatives in India to adapt and commercialize existing global biotechnologies to meet local needs in healthcare, agriculture, industry and the environment in a more affordable manner. This evolving approach has been implemented through six complementary elements, namely (1) translational research; (2) technology access through global consortia; (3) commercialization supported by public-private partnerships, broadly interpreted; (4) skills development; (5) regulation; and (6) institutional governance, including special purpose vehicles, for effective project management. The paper focuses on two public-private partnership initiatives, the Small Business Innovation Research Initiative and the Biotechnology Industry Partnership Program, which together have allocated more than US$70 million in public funding to almost 150 projects, contributing to a total public-private investment of more than $170 million over the past five years. The authors'key recommendation, to ensure effective resource use and better policy impact, is for these innovation-support initiatives to adopt more continuous monitoring with quicker feedback from learning to implementation, and more rigorous impact evaluation including approaches that allow the results of firms benefiting from support to be compared with an appropriate group of firms not benefiting from support.

Suggested Citation

  • Vijayaraghavan, K. & Dutz, Mark A., 2012. "Biotechnology innovation for inclusive growth : a study of Indian policies to foster accelerated technology adaptation for affordable development," Policy Research Working Paper Series 6022, The World Bank.
  • Handle: RePEc:wbk:wbrwps:6022
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    References listed on IDEAS

    as
    1. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
    2. Albert N. Link & John T. Scott, 2013. "Governments as entrepreneur: Evaluating the commercialization success of SBIR projects," Chapters,in: Public Support of Innovation in Entrepreneurial Firms, chapter 2, pages 25-38 Edward Elgar Publishing.
    3. Albert N. Link & Christopher J. Ruhm, 2013. "Bringing science to market:commercializing from NIH SBIR awards," Chapters,in: Public Support of Innovation in Entrepreneurial Firms, chapter 1, pages 3-24 Edward Elgar Publishing.
    4. Gladys Lopez-Acevedo & Hong W. Tan, 2011. "Impact Evaluation of Small and Medium Enterprise Programs in Latin America and the Caribbean," World Bank Publications, The World Bank, number 2298, April.
    5. Olivier Cadot & Ana M. Fernandes & Julien Gourdon & Aaditya Mattoo, 2011. "Where to Spend the Next Million? Applying Impact Evaluation to Trade Assistance," World Bank Publications, The World Bank, number 16358, April.
    6. Yevgeny Kuznetsov & Charles Sabel, 2011. "New Open Economy Industrial Policy : Making Choices without Picking Winners," World Bank Other Operational Studies 11057, The World Bank.
    7. McKenzie, David, 2012. "Beyond baseline and follow-up: The case for more T in experiments," Journal of Development Economics, Elsevier, vol. 99(2), pages 210-221.
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    Cited by:

    1. Ojha, Vijay P. & Pradhan, Basanta K. & Ghosh, Joydeep, 2013. "Growth, inequality and innovation: A CGE analysis of India," Journal of Policy Modeling, Elsevier, vol. 35(6), pages 909-927.

    More about this item

    Keywords

    ICT Policy and Strategies; Agricultural Knowledge&Information Systems; Rural Development Knowledge&Information Systems; E-Business; Agricultural Research;

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