Asian Journal of Innovation and Policy

Asian Society for Innovation and Policy (아시아기술혁신학회)
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Evolution of High-Tech Start-Up Ecosystem Policy in India and China: A Comparative Perspective

  • Krishna, HS (Department of Management Studies, Indian Institute of Science)
  • Received : 2018.11.02
  • Accepted : 2018.12.24
  • Published : 2018.12.31
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Abstract

As the developed and developing economies make the transition to knowledge-based economies, the high-tech sector has been the primary engine in enabling this transformation. Given this context, the policy making and implementation abilities of the countries' local administration assume significance. This study therefore attempts to examine the policy evolution undertaken by China and India which resulted in the emergence of high-tech startup ecosystems in these countries. Further, using a theoretical framework for an ideal entrepreneurial ecosystem, it tries to understand the similarities and differences prevalent currently in the Indian and Chinese high-tech startup ecosystem. The results of the study indicate that although both the countries took different paths, from a macro-perspective, they follow the same pattern as observed in the US and Israel policy making - that of the change in the role of Government as a regulator to that of an enabler of the entrepreneurial ecosystem. The differences and similarities between the key entrepreneurial ecosystem components provide additional knowledge about the currently prevailing conditions of the ecosystem in these countries.

Keywords

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Figure 1 Ideal entrepreneurial ecosystem for high-tech start-ups:structure and components

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Figure 2 New venture creation and technology commercialization process flow chart

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Figure 3 Change in U.S. policy making during the twentieth century

Table 1 Description of role and importance of elements of the entrepreneurial ecosystem

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Table 2 Summary of comparison of elements of the entrepreneurial ecosystem

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