EXPLORATORY ANALYSIS OF INNOVATION ECOSYSTEMS IN INDIAN HIGHER EDUCATION INSTITUTES

Abstract

Promoting innovation is crucial for societal progress and economic development in the ever-changing Indian Higher Education Institutes (HEIs) environment. This study aims to analyse the complex innovation ecosystems within Indian higher education institutions. Using data from the Atal Ranking of Institutions on Innovation Achievements (ARIIA) reports for 2020-2021, the study examines the various complex elements that make up these ecosystems in the top 10 institutes. The methodology entails a thorough analysis of multiple lists that include departments, academic programmes, innovation clubs, collaboration initiatives, and other elements that represent the various aspects of innovation within higher education institutions (HEIs). The analysis seeks to identify the key success factors that lead to the innovation capabilities of the top-ranked institutions, providing valuable insights into the specific strengths and challenges of the Indian context. The main goals of the project are to determine the crucial factors that influence innovation outcomes, analyse the relationship between these factors, and establish connections between innovation ecosystems and the resulting innovation outputs. This study aims to investigate the main factors that contribute to the success of certain Higher Education Institutions (HEIs) in innovation, as well as provide recommendations for improving innovation outputs in other HEIs. This study aims to offer strategic recommendations for Higher Education Institutions (HEIs) by taking a comprehensive view of innovation ecosystems. The goal is to establish a roadmap that can enhance innovation, foster collaborations, and facilitate commercialization. This preliminary analysis will not only reveal the present condition of innovation in the academic field but also establish the foundation for future actions, suggestions for policies, and joint efforts aimed at advancing Indian Higher Education Institutions to the forefront of global innovation.”