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Industry – Academia Partnership: The Most Valued ResonanceIndustry - Academia Strategy for Innovation to Stay Ahead

Author: 
Pavleen Bali, Sanchita Raghav, Dr.Raghav, A. K., Dr. P B Sharma, Shuvam Gupta, Harivansh, K., Ankur Siwach and Gaurav Puri
Subject Area: 
Physical Sciences and Engineering
Abstract: 

With the rise of a global knowledge economy, universities and industry pool resources. This has resulted in a piling on the need for strategic alliances that go beyond the customary funding of distinctive research endeavours. Top notch research universities are at the facade of pioneering such collaborations. Such universities are intended to trot extensively by added investment, clearly stated visionary objectives, and pound the competiveness of industry, universities and vicinities. Such exertion by universities renovates the task of research universities for the 21st century, putting back into working order as central nodal centre of competence to help confront challenges and bring out research outcome coadjuvancy. This paper examines various roadblocks of joint forces of academic institutions and industry with focus on the temperament of resources and immanency of the stakeholders from the perspective of contending knowledge. This paper also investigates barriers of industry-academia interaction. It recognises credible areas for constructive symbiosis of industry’s participation with academia. Lastly, this paper charts down primarily for the Indian set up the proposition of integrative retreats of new possible collaborations to reinforce of industry-academia periphery.

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