Academia-Industry Partnership: New Opportunity in Pharmaceutical Research

tanajinandgude's picture
Submitted by Tanaji Dilip Na... on Fri, 05/16/2008 - 05:56.

Publication Type:

Poster Presentaion

Authors:

Tanaji D. Nandgude; M S Rathore; Vipin Bihari Gupta

Source:

AICTE Sponsored Seminar on Quality Perspective of Herbal Cosmetics, Institute of Pharmacy, Raipur. (Chattisgarh) (2007)

Abstract:

Academia-Industry partnership plays pivotal role in knowledge-based economies, which in turn, makes a country stand in the league of the developed nations. The institutions are therefore considered as engines of development in tandem with the need of the industry. In India, perhaps, the partnership or synergy between academia and industry is almost missing. Nonetheless we pay a huge price for this i.e. by having our just-graduated manpower in not-ready-to-perform mode at one hand, and depending on the import of technology at the other. This occurrence is more widespread in research based areas where the research done in academic institutions is not translated in industrial realities, hence the institutes keep on starving for the funds, and the industry is forced to pay huge royalty for borrowing new technologies from advanced countries. The rapidly changing economic, trade and intellectual property scenario, nationally and internationally poses many challenges including the challenge of becoming leaders and competitors globally. In research collaborations Problems occur between academia and industry may be due to different perspectives and needs. Perhaps, it’s high time now that Academia-Industry Partnership is translated from the slogan to the reality. The key to this change would be interaction and partnership between industrial firms, academic institutes, research institutes and Government, who are becoming engines of innovation.