How the World Economy revolves round Entrepreneurial University Model: Cases from India

Academic capitalism is quite different in perspective when speaking about the triple helix model or the entrepreneurial dimensions of University-Industry-academic nexus which gained prominence quite late in few countries as other so called developed countries had such a build up quite early when it left the gilded innovation structure to a more liberal perspective of academics and knowledge management. Research has shown that crisis and disasters have made innovation thoughts easier with greater transition potential across borders in the form of tacit knowledge via trade exchanges. Previously earlier to the 1980s emerging or the underdeveloped countries rarely witnessed autonomy in state owned academic institutions where universities were merely a place for teaching. With greater liberalization and moving towards free markets, emerging economies like India realized the importance of autonomy in institutions and got rid of the license raj which was destroying the foundations of economy. This paper scrutinizes the research gap in Entrepreneurial university concept applications in India firstly which can be applied to other developing countries were the nexus between industry and academic pursuits are gaining momentum and very little literature is available which can put forth policy grounds for government and national agenda holders to create sustainable paths leading to successful innovation products which can contribute to economic growth and development of society at large. The paper primarily is build on case studies which analyses and answers global thoughts hovered around Why Academic Capitalism was late in developing countries? Can the world too learn from Triple Helix applied to innovation system nationally in relatively poor country like India which is still a agrarian economy at large?