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    Basic Information

Technology developed: A Study on the Interaction Between Formal And Informal Institutions and Its Effect on Entrepreneurship (TP19766135454)
Category: Technology Service/Know how
Details of Inventor(s):
Inventor Institution/Organization/Company Department Designation
IIT K Indian Institute of Technology (IIT) Kanpur
Technical Application Area: Other
If 'Other', please specify:
Humanities & Social Sciences
Please give more details of new technical application area:
Organization(s):
Indian Institute of Technology (IIT) Kanpur
Affiliated Ministry: Institution Funding (Self Supported)
Type of technology development: Indigenous
Does the technology help in replacing any import items currently
procured from outside India?
Does the technology have export potential? 1
Category of Technology developed: Immediate Deployment
Stage of Development: Prototype Level
Please describe in detail including the TRL Level:
This study focuses on legal barriers that prevent new small and medium entrepreneurs to enter the market and create jobs. In the context of developing countries informal dispute resolution mechanisms thrive parallely, and often come in the way of, formal court system. Such interactions have consequences for upholding contracts involved in starting a new business. This project has important policy implications in India where making the formal court system stronger is one of the focus area of governance related policies. Unilateral strengthening of the court system may bring some negative impact and therefore much caution is needed while designing these institutions.

    Abstract:

Applications: This study focuses on legal barriers that prevent new small and medium entrepreneurs to enter the market and create jobs. In the context of developing countries informal dispute resolution mechanisms thrive parallely, and often come in the way of, formal court system. Such interactions have consequences for upholding contracts involved in starting a new business. This project has important policy implications in India where making the formal court system stronger is one of the focus area of governance related policies. Unilateral strengthening of the court system may bring some negative impact and therefore much caution is needed while designing these institutions.
Advantages: This study focuses on legal barriers that prevent new small and medium entrepreneurs to enter the market and create jobs. In the context of developing countries informal dispute resolution mechanisms thrive parallely, and often come in the way of, formal court system. Such interactions have consequences for upholding contracts involved in starting a new business. This project has important policy implications in India where making the formal court system stronger is one of the focus area of governance related policies. Unilateral strengthening of the court system may bring some negative impact and therefore much caution is needed while designing these institutions.

    Technology Inputs:

Imported Equipment/Spare Parts:
Equipment/Spare Parts Year ITC-HS Code
NA
Indigenous Equipment/Spare Parts:
Equipment/Spare Parts Year ITC-HS Code
NA
Imported Raw Materials:
Raw Materials Year ITC-HS Code
NA
Indigenous Raw Materials:
Raw Materials Year ITC-HS Code
NA
Existing R&D Facilities used:
Facilities Year ITC-HS Code
NA

   Patents & Publications:

Patents:
Filed Patents (No.) Granted Patents (No.) Year
0 0 NA
Publications:
Submitted (No.) Published (No.) Year
0 0 NA

    Commercialization Potential:

Who are the Potential Licensees?
What commercially available products address
the same problem?
Company Product Problem Addressed
Would you like to develop this invention further with
corporate research support?
No
Would you be interested in participating in cluster based
programs for commercialization research or business
planning for your invention?
No
      Submitted by: Diksha Chandel Date of Submission: 1-5-2023



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