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Need for Innovative Aptitude and Mechanisms for Public Private Partnership and Germplasm Exchange

Publisher: IIMR

Public-private partnership for commercializaon is a collaborave effort between the public and private sectors in which each sector contributes to planning, resources, and acvies needed to accomplish a shared objecve. In the present context, it is an arrangement entered into between two or more pares, specifically a not-for-profit, publicly-funded instuon, on the one hand, and a for-profit company (e.g., major naonal or mulnaonal, research-based agribusiness firms), on the other. Profit-maximizing firms invest in research where marginal benefits exceed marginal costs, and thus they tend to partner only where adequate returns can be readily realized. Public instuons, on the other hand, are typically mandated to research topics of wider social significance with outcomes that possess public goods characteriscs (non-excludability and nonrivalry), require longer me horizons to yield results, or cater to end-users with limited purchasing power or market access (Spielman and Grebmer (2004), Hall et al (2002), Harinarayana (2001). This paper is part of our earlier publicaon in Global Millet meet Seminar proceeding.

Author(s): IIMR | Views(129) | Download (46)

  
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