The Role of Higher Education Institutions in Supporting MSME Innovation and Growth in India

Author:Arvind Kumar Yadav*, Mani Arora

Abstract:
This paper explores the pivotal role that higher education institutions (HEIs) play in fostering innovation and growth in Micro, Small, and Medium Enterprises (MSMEs). This paper explores how HEIs contribute to MSME development through various mechanisms, including knowledge transfer, research and development (R&D), entrepreneurship incubation, and skill development. HEIs provide critical support by facilitating access to advanced research, technological expertise, and state-of-the-art infrastructure, which are often beyond the reach of MSMEs. By establishing incubation centers, offering customized training programs, and engaging in policy advocacy, HEIs foster an environment conducive to innovation and growth within the MSME sector. The study examines key case studies of successful HEI-MSME collaborations in India, highlighting best practices and identifying challenges faced by both parties. Through qualitative analysis of interviews, focus groups, and secondary data, the paper aims to provide a comprehensive understanding of the impact of HEIs on MSME development and offers recommendations for enhancing these collaborative efforts. This research underscores the importance of HEI-MSME partnerships in driving sustainable economic progress and competitive advantage in the MSME sector. By providing research, development support, skilled graduates, and fostering entrepreneurial ecosystems, HEIs significantly contribute to the MSME sector's dynamism and competitiveness.

Keywords:Higher Education Institutions, MSMEs, Innovation, Growth, Entrepreneurship, Collaboration, Skills Development.

DOI:10.46333/ijtc/13/1/7

International Journal of Trade & Commerce (Vol: 13 Issue:1)