The Wadhwani Centre for Entrepreneurship Development at Indian School of Business(ISB) is organising a symposium on March 4.
“The event is aimed at understanding the missing links that exist in promoting the entrepreneurship in our society. Our country spends one percent of GDP on research but the real question is the outcomes of these efforts reaching the market place, most importantly to the entrepreneur down the line,” Krishna Tanuku, executive director of WCED, said.
As a first step in providing full thrust to entrepreneurship development, it is imperative to assess India's existing environment in the context of its conduciveness for enabling transformation of indigenous scientific and technological research into useful social and commercial outcomes. To asseSs the same, an analysis of knowledge creation, knowledge dissemination and knowledge application subsystems, R&D spending and absorption capacity of domestic enterprises among others is an important element exercise undertaken by the centre.
“Currently these linkages are weak. What we have done so far at the WCED is to understand different elements that are required to be brought together for promoting entrepreneurship and how do we promote research and make it affordable to the entrepreneur, in a holistic way,” Tanuku said.