%0 Journal Article %J Technology Innovation Management Review %D 2016 %T Supporting Research-Inspired Entrepreneurial Activities in India %A Nikhil A. Gokhale %K business %K economy %K entrepreneurship %K financial risk %K research-inspired entrepreneurship %X Nations built on innovation, entrepreneurship, and production are able to dominate the world economy. However, risk taking has traditionally been discouraged in developing nations. The uncertainty and financial insecurity associated with entrepreneurial activities are the greatest barriers that budding entrepreneurs need to overcome in order to transition into successful entrepreneurs. This challenge needs substantial effort and steady support from society. Easy access to information, mentorship, and a network of venture capitalists and angel investors also play critical roles in promoting entrepreneurial activities. To this end, the Government of India recently launched a nationwide campaign to promote entrepreneurial activities across the country. Some of the recently emerging trends indicate that scientific and technological innovators from India are now willing to be a part of the global entrepreneurial revolution. Research-inspired entrepreneurial initiatives are expected to play a key role in facilitating India’s economic growth in the coming years. This article focuses on the initiatives undertaken by the Indian Government and by various academic institutes to facilitate entrepreneurial activities across the country. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 14-14 %8 05/2016 %G eng %U http://timreview.ca/article/986 %N 5 %1 RK University Nikhil A. Gokhale is Associate Director of the Faculty of Doctoral Studies & Research at RK University in Rajkot, India. He obtained his Master’s degree from the University of Pune, India, and moved to the United States to pursue his PhD in Chemistry (Biochemistry) at the University of Illinois at Chicago. He then joined the U.S. National Institutes of Health (NIH) as a Visiting Fellow to study the inositol phosphate-/pyrophosphate-based inhibition of proteins involved in cancer and inflammation. After conducting biomedical research at the NIH and at the University of Massachusetts Medical School, Dr. Gokhale returned to the University of Illinois at Chicago as a Visiting Research Assistant Professor. His research interests have focused on the field of biochemistry and signal transduction. %R http://doi.org/10.22215/timreview/986