BRIDGING THE GAP BETWEEN INSTITUTIONS OF PROFESSIONAL EDUCATION AND SMALL AND MEDIUM- SIZE ENTERPRISES

Abstract

The Science, Technology and Innovation Policy-2013 of India emphasizes on effective Industry-Academia partnership which is crucial to the advancement of Science, Technology and Innovations, ultimately contributing to the economy kitty of the nation. Secondly, R&D is a capital-intensive activity which neither any government nor industry can afford individually. In India, nearly two-third of the finances for R&D is provided by the public sector and rest (one third) is shared by the private sector. However, in developed countries, reverse trend is observed. A thorough study is required to understand how Indian private sector can be stimulated for enhancing the investments in R&D. In India, there are few stories of successful Industry Academia partnership in R&D, primarily limited to IITs. Specific models need to be created for the promotion of Industry-Academia partnership in R&D for our country by studying the evidence based on successful models of Industry-Academia interactions.