New organizational and institutional vehicles for managing innovation in South Asia: Opportunities for using research for technical change and social gain

This article sets out to explore the nature of new organizational and institutional vehicles for managing innovation in order to put research into use for social gain. It has reviewed four classes of such vehicles found in South Asia. The first two contract farming and organized retailing – represent what is becoming commonly accepted in policy circles: namely that the private corporate sector can play a more prominent role in agricultural development, particularly in arrangements that combine providing access to markets in combination with access to technology needed to service those markets. The second two classes of vehicles – hybrid enterprises and social venture capital (SVC) – represent a new, albeit fluid in definition, class of initiatives and organizations that combine features referred to as bottom-of the-pyramid and below-the-radar innovation. For each of these classes of innovation management vehicles this review has mapped the diversity of emerging examples and discussed their relevance for putting research into use for social gain. The article concludes by saying that it is these new and as yet poorly understood modes of innovation that have the greatest potential to effect change, although developing ways of supporting them is going to require some creative public policy instruments.