%0 Journal Article %J Technology Innovation Management Review %D 2014 %T The Government of India's Role in Promoting Innovation through Policy Initiatives for Entrepreneurship Development %A Ravindra Abhyankar %K economic growth %K entrepreneurship %K government %K India %K innovation %K innovation ecosystem %K policy %X In spite of having a large publicly funded science and technology infrastructure and a sizeable education base, India has not been able to realize its innovative potential due to a fragmented innovation ecosystem. The government of India has taken many initiatives towards strengthening the innovation ecosystem, the most important of which are: i) the establishment of the National Innovation Council, whose mandate is to coordinate various innovation-related activities, and ii) the new Science, Technology and Innovation Policy 2013, which is intended to promote entrepreneurship and science-led solutions for sustainable and inclusive growth. With a focus on this new policy initiative, this article describes the current innovation ecosystem and the challenges it faces, and it discusses the efforts made by the government towards the promotion of innovation for entrepreneurship development and sustainable growth. With the implementation of this new policy the early indications are that India is poised to take a big leap towards innovation-led growth. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 4 %P 11-17 %8 08/2014 %G eng %U http://timreview.ca/article/818 %N 8 %1 Ravindra Abhyankar is an Electrical Engineer who has worked in the Government of India in various capacities. After working for 17 years in the Ministry of Defense (1974–1990) in the field of quality assurance, technical development, and indigenization of various fighter aircraft and other aeronautical systems, he joined the Ministry of Science and Technology in the Department of Scientific and Industrial research (DSIR). In this ministry, he handled various responsibilities such as administering fiscal incentives for R&D and supporting innovation at the individual and industrial levels for over 20 years (1990–2011). He was the nodal officer in the Government of India for the Asian and Pacific Center for Transfer of Technology (APCTT), which is a United Nations initiative dedicated to capacity building of Asia-Pacific countries to nurture and promote national innovation systems and also to create enabling environments for the development and transfer of technology and R&D management. He has also functioned as an Adviser to the Science and Technology Minister of Mozambique (2012–2014) in the creation of a publicly funded R&D system for the benefit of Mozambican industry. %R http://doi.org/10.22215/timreview/818