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In the context of research and innovation objectives of National Education Policy (NEP), this note elicits five innovation barriers prevailing in the higher education institutions in India and presents an innovation possibility matrix based on two dimensions of resources (lightweight versus resource-intensive) and openness (open versus closed). At the policy level, this approach helps as a lens for informed resource allocation that is balanced across different institutions and kinds of innovations. At the institution level, it helps us understand what kind of innovation direction can institutions take in different projects, the gaps to be filled and capabilities to be built.

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