This week at the Global Sankalp Summit in New Delhi, India, The Lemelson Foundation will preview findings from a study we commissioned called “Catalyzing Capital for Invention: Spotlight on India.” The study was conducted by the advisory firm Enclude and provides first-of-its kind insight into how investors can grow India’s promising ecosystem of early stage, invention-based companies committed to achieving positive social impact.
This week’s preview provides a sneak peek at the study’s findings and recommendations.
The impetus for the report was simple: through our work to build and support a pipeline of inventors and invention-based enterprises, we noticed many inventors in India face similar challenges. We decided that we can do more for inventors in India if we thoroughly understand the gaps in their ecosystem and work to address them in targeted ways.
The study reveals a number of gaps, including a lack of awareness of invention-based enterprises’ complex business models and unique needs, too little seed-stage funding, and a dearth of specialized technical assistance and intermediary support connecting them to financial resources. To address these challenges, Enclude recommends five targeted strategies ranging from the development of a working capital fund and an early-stage grant facility, to mentorship and training to develop financial expertise.
We are excited to discuss this preview at Sankalp’s Global Summit, and look forward to sharing the full report in the coming weeks.