Building the Infrastructure for Innovation: A Market Entry Strategy for Cambridge Innovation Center in India
Name
Kalra_Shagunk_msred_cre_thesis_2026.pdf
Description
Thesis PDF
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1.11 MB
Format
Adobe PDF
Checksum (MD5)
55a6fce9ffc1fe5cf8d8fc64362dbdf0
Author(s)
Kalra, Shagun
Advisor(s)
Ng, Tinchuck
Date Issued
February 2026
Publisher
Massachusetts Institute of Technology
Abstract
This thesis examines whether the Cambridge Innovation Center’s ecosystem-based model can be adapted to India’s rapidly evolving innovation landscape. CIC’s global approach integrates space, community, and advisory functions to strengthen coordination among research institutions, corporates, and government actors. While this model emerged in highly coherent environments such as Kendall Square and later expanded successfully to cities like Rotterdam and Tokyo, its applicability to India requires careful evaluation given the country’s institutional fragmentation and regulatory complexity. The analysis draws on market research, expert conversations, policy review, and comparative international precedent. It assesses India’s feasibility across five dimensions: market demand, financial return potential, policy environment, institutional partnership strength, and social and environmental alignment. The resulting feasibility index, though interpretive, indicates that none of these dimensions pose structural barriers to CIC’s entry. Instead, India’s deepening capital markets, state-level innovation programs, and rising corporate interest in open innovation position the country as a promising but operationally demanding opportunity. Based on these findings, the thesis proposes a phased entry strategy anchored in a joint-venture or management agreement structure with a credible Indian partner. A focused pilot campus would test partner reliability and market fit, followed by broader institutional integration and, eventually, a distributed multi-city network. While risks related to regulation, currency exposure, and market volatility require deliberate governance and design, they are manageable within a structured partnership model. Taken together, the analysis suggests that India offers a viable and strategically meaningful expansion path for CIC.
MIT Department
Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.
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