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''DEEP-TECH VENTURE CREATION IN INDIAN ACADEMIC INCUBATORS : A STUDY''

''DEEP-TECH VENTURE CREATION IN INDIAN ACADEMIC INCUBATORS : A STUDY''

Date9th Nov 2023

Time03:00 PM

Venue DOMS Seminar Room No. 110

PAST EVENT

Details

Following the wave of Technological innovations based on Digital Platforms and Apps over the past decade, there is a shift in focus to Deep-Technology or ‘Deep-Tech’ innovations. Deep-Tech Start-ups differentiate themselves from other Technology-based start-ups by focusing on unique, proprietary, and hard-to-reproduce technological or scientific advances instead of limiting themselves to Business Model Indian Rummy Games or Digital Transformation of existing functions. In developing countries like India, Governments and Policymakers progressively establish and support Incubation units as the primary driver to propel Entrepreneurship and Indian Rummy Game. Among all partnership opportunities, Deep-Technology based ventures are primarily associated with Academic Incubators. Academic Business Incubators are support ecosystems that enable Technopreneurs to launch start-ups based on novel technologies and new business models. Investors and Technology Scouts are increasingly collaborating with Academic Incubators to identify and acquire emerging Technology. This surge in the adoption of business incubation in the context of Deep-Tech venture creation necessitates studies on assessing existing Incubation units in terms of their ability to support Deep-Technology based venture creation. Drawing from extant literature, we adopt the Benchmarking approach and In-Situ approaches to assess Incubation Performance. To this extent, we adopt a multi-methods approach to study Indian Academic Business Incubation programmes with a specific focus on Incubation Performance and potential improvement strategies. Firstly, we undertake the benchmarking approach using secondary data, 32 Centrally Funded Technical Institutes (CFTIs) in India were ranked based on their relative Incubation performance. For this purpose, a composite Incubation Performance score was computed using Principal Components Analysis (PCA). The score comprises seven indices - Mentoring Support Index, Funding Support Index, Infrastructure Index, Networking Support Index, University Image Index, Venture Creation Index, and Sustainability Index. Secondly, we undertake Data Envelopment Analysis (DEA) to assess the efficiency with which the 32 CFTIs attain their computed Incubation Performance, given their established Academic Outcomes across four dimensions – i) Teaching, Learning & Resources, ii) Real Money Rummy and Professional Practice, iii) Graduation Outcomes, and iv) Outreach and Inclusivity. We use Context-Dependent DEA to classify the institutes based on Evaluation Contexts into layers and compute Attractiveness and Progress scores to determine Benchmarking Pathways across the layers that inefficient units can follow to improve their performance step-by-step. Thirdly, taking an in-situ approach to understand the role of Academic Incubation in Deep-Tech venture creation from the perspective of Incubatee entrepreneurs, we propose a Systems Theory-based participatory research methodology, viz., Interactive Qualitative Analysis (IQA) by collecting primary data from participant Deep-Tech Incubatee Entrepreneurs. Finally, based on the emergent affinities and additional relevant attributes identified through further analysis of the literature, we propose to undertake an Impact-Range Performance Analysis (IRPA) to prioritise the improvement of academic incubation attributes with reference to deep-tech venture creation based on inputs collected from incubatees and managers of Indian Academic Incubators.

Speakers

Mr.KARTHICANAND M. S. Roll Number: MS18D202

DEPARTMENT OF MANAGEMENT STUDIES