International partnerships and business incubation can substantially improve the transition from mind to market, especially when used together. This briefing highlights an international partnership between the business incubation centres of Ryerson University in Canada and the Bombay Stock Exchange Institute India that seeks to improve the research commercialization ecosystem of both universities by connecting their business incubation and acceleration systems. The institutions aim to facilitate the development of their start-ups into successful companies while nurturing the emergence of “born global” companies that enter international markets from the outset of operations.
Research commercialization partnerships between Canadian and Indian post-secondary institutions represent an especially timely opportunity. The Conference Board of Canada has identified the higher education and R&D sector in India as an area of strong potential for Canadian involvement and collaboration, and has also identified India as one of Canada's next top markets.