The emergence of new markets, distributed entrepreneurship and the university: Fostering development in India

University-industry partnerships facilitate socio-economic development by incubating innovations and diffusing entrepreneurial capabilities to create new markets in rural areas. Complexity theory based approaches are used to develop a process model of emergence based on a case study of a leading Indian technical institution involved in creating new technologies and markets. The process model outlines three key mechanisms by which university-industry linkages can address the dual challenge of achieving global competitiveness and promoting rural development: The emergence of new markets is contingent on the development and deployment of innovative, low-cost technologies that foster distributed entrepreneurship.