|In India a large number of technical institutions and institutions of higher learning have emerged since Independence as a result of systematic
and conscious intervention of the Government. Many of these are comparable to the best institutions in the world. These institutions are churning
out large number of trained manpower, thus fulfilling the need of the industry, R&D institutions and other sectors of economy. In the wake of economic
liberalization during the 1990s, significant number of institutions of higher learning has also been promoted by the private sector.
In order to make optimal use of facilities, expertise and know-how available in these institutions for the benefit of the society,
it is necessary that appropriate links are established between them and the industry. In addition, young technocrats are also looking
out for opportunities to exploit their full potential by setting up their own ventures thus becoming "job generators" rather than "job seekers".
This necessitates systemic interventions and new instruments, which could facilitate the development and growth of new ventures by technologies.
In this context, some of the mechanisms which have become popular the world over include Science Parks, Technology Parks, Technology Business
Incubators, Techno polis, School of Small Business Development, Innovation Centers, etc.|