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Technological Forecasting and Social ChangeVolume 79, Issue 4, May 2012, Pages 638-647

Innovative initiatives supporting inclusive innovation in India: Social business incubation and micro venture capital(Article)

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  • Azim Premji University, Electronic City, Hosur Road, Bangalore 560 100, India

Abstract

In India inclusive innovation through social entrepreneurs is currently booming. However, these entrepreneurs suffer from a lack of finance since the bank system as well as the microfinance sector are unwilling or unable to finance them. However, pioneering finance initiatives have been emerging recently to bridge this gap. This paper discusses these emerging alternative financing initiatives which are forming an innovation eco-system of support for inclusive innovation and social entrepreneurship. It highlights two instruments in particular that are used in conventional innovation support: business incubation and venture capital. Two case studies are undertaken in order to provide evidence on how such instruments can operate with a 'dual bottom line' in supporting inclusive innovation and social entrepreneurship. © 2011.

Author keywords

EntrepreneurshipFinancial innovationInclusive financeInclusive innovationIndiaIndia's financial systemRural finance

Indexed keywords

Engineering uncontrolled termsBottom linesEntrepreneurshipFinancial innovationFinancial systemIndiaMicrofinanceSocial entrepreneursSocial entrepreneurshipVenture Capital
Engineering controlled terms:InnovationTechnological forecasting
Engineering main heading:Investments
GEOBASE Subject Index:bankingbusiness developmentcapitalentrepreneurfinancial systeminnovationmicrofinancerural finance
Regional Index:India

Funding details

  • 1

    This section is partially based on data that was gathered during a field study in India 2007–2008, in preparation for a PhD on financing pro-poor entrepreneur-based innovation in rural India, at UNU-MERIT, the Netherlands. The field work was financed and supported by the Learning INnovation Knowledge (LINK) network, Hyderabad, India.

  • ISSN: 00401625
  • Source Type: Journal
  • Original language: English
  • DOI: 10.1016/j.techfore.2011.06.008
  • Document Type: Article

  Sonne, L.; Azim Premji University, Electronic City, Hosur Road, India;
© Copyright 2012 Elsevier B.V., All rights reserved.

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