From Lab to the Market

This is a conceptual problem I have been thinking for sometime now:

Given the situation that exists in India, what is the best way to take a technology from the lab to the market?

There are multiple angles to this problem:

1. What has been the historical performance of India in commercializing the technologies developed in various labs? What are the lessons that we can learn from the past?
   
2. What would an efficient mechanism to transfer a technology from lab to market, with the generated value being distributed fairly among the various stakeholders? The stakeholders would include the scientist in the lab, the entrepreneur, the venture capital players, government etc.