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Innovation and Start-up Policy

By Prof. Rahul K. Mishra   |   IILM Institute for Higher Education
Learners enrolled: 2122
Oslo Manual defined innovation as the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organization or external relation. Innovation is based on the results of new technologies, new combinations of existing technology or the use of other knowledge acquired by the enterprise. This kind of improvement bring rise in productivity, efficiency and much needed economic growth. Innovation and entrepreneurship become crucial link to development of economy and society.  

To get innovation going requires commitment from companies and support from the government policy for R&D and entrepreneurship. Development of newer technologies and newer way of doing things require an eco-system where venture capital financing is available and also enough funds for doing Research and development and also funds for marketing new ideas and technologies. Scientists, Researchers, entrepreneurs and venture capitalists are required in that thriving eco system. The Government policies in area of R&D, Venture financing and entrepreneurship help create that eco system. These initiatives come from both big and small companies. These companies through their initiatives promote new ventures and new technological innovation in terms of products and services.
 
The Government of India has come up with several initiatives like Digital India, Start-up India and Make in India. It is also promoting Incubators, Accelerators, Venture Capital financing, industry clusters and investment in Research labs and world class universities. The Global institutions have given new frameworks of Global Competitiveness report, Global Innovation Index, The World bank’s Ease of doing business help understand the important factors in creating thriving Innovation and start up landscape. 

This course is divided into 8 broad themes: 

  • Innovation and innovation eco-system
  • The policy Framework 
  • Start-up Landscape and Innovation Hubs
  • Digital India and Make in India
  • Linking Innovation with Intellectual Property Rights
  • Raising Finance for Start-ups in India
  • Innovation in Indian Context
  • Writing a Business Plan

What you'll learn
The course provides a broader view on all relevant aspects of Startup and Innovation policy and eco-system. It gives an understanding of the general policy framework in which government is trying to promote innovation and start up in India. The course also takes students through the important institutions, concepts and terms which can help  learners  to take advantage of the policy framework.
The framework of this module comes from the 'Start-up India' programme of Government of India which is intended to build a robust eco-system for nurturing innovation and start-ups that in turn  will drive sustainable economic growth and generate  employment.
Participants of this program will learn the policy framework of innovation and start-ups in India. This course aims to serve the following objectives: 
  • To help participants understand the framework of policies to promote Innovation and start up 
  • To help participants understand the eco system and institutions which help companies in  Innovation and entrepreneurship 
  • To help them be able to do comparative analysis of  the eco system of innovation  and start-ups of different countries 
  • To help participants understand the link between economic development, innovation, entrepreneurship and public policy framework 
  • To enable participants to figure out how to make use of the framework for the growth of the firms.
Summary
Course Status : Completed
Course Type : Core
Duration : 8 weeks
Category :
  • Management Studies
Credit Points : 3
Level : Postgraduate
Start Date : 30 Jul 2021
End Date : 30 Oct 2021
Enrollment Ends : 15 Sep 2021
Exam Date : 14 Nov 2021 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.


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Course layout

Syllabus

Week 1 - Innovation and Innovation Eco-System
Week 2 - The Policy Framework
Week 3 - Startup Landscape and Innovation Hubs
Week 4 - Digital India and Make in India
Week 5 - Linking Innovation with Intellectual Property Rights 
Week 6 - Raising Finance for Startups in India
Week 7 - Innovation in Indian Context
Week 8 - Writing a business plan

Books and references

  • Innovation and Entrepreneurship by Peter F. Drucker (Classic Drucker Collection, 2007)
  • Joseph A. Schumpeter’s views on entrepreneurship and innovation by Perihan Hazel
  • HBR/Forbes/Mckinsey/BCG/Knowledge@Wharton /ISB Insight/ IBEF/ Innosight

Instructor bio



Prof. Rahul K. Mishra

IILM Institute for Higher Education
Rahul K. Mishra did his Master of International Business (MIB) from Delhi University. He has 22 years of experience in teaching training and academic administration. His research areas are strategies of Innovation and competition. He has attended several international conferences. He teaches papers of strategy, international Business and public policy. He has conducted over 100 plus Management Development Programmes (MDPs) in last 10 years and trained 3000+ middle and senior level executives in areas of strategy, leadership and Innovation. These MDPs are conducted for BHEL, EIL, NBCC, National Housing Bank, PHDCCI, Department of Personnel and Training. He attended several international and national seminars in The US, the UK, Spain and UAE and has attended meetings of AACSB, EEFMD and University of London and Bradford. Prof. Mishra has published his articles in Indian Management and IILM Management Review and in his linkedin blog.

Course certificate

EXAMINATION:

Type of exam: Computer based exam 

You will have to appear at the allotted exam centre and produce your Hall ticket and Government Photo Identification Card for verification and take the exam in person. 
You can find the final allotted exam centre details in the hall ticket. The questions will be on the computer and the answers will have to be entered on the computer; type of questions may include multiple choice questions, fill in the blanks, essay type (subjective) type, etc. 

GRADING AND CERTIFICATE:

Weightage: 25% weightage for weekly assignment + 75% weightage for final exam. 

Passing Marks: You will be eligible for Certificate only if you score minimum 40% in Weekly Assessment and minimum 40% in Final Exam. 

If you score less than 40% in either weekly assessments (average) or in final exam, you will not receive the certificate. 



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