Industry-Academia Interface: Perspectives and Practices

Universities and industry, which for long have been operating in separate domains, are rapidly inching closer to each other to create synergies. The constantly changing management paradigms, in response to growing complexity of the business environment, today, have necessitated these two to come closer. A productive interface between academia and industry in the present times of knowledge economy is a critical requirement. Failure to recognize each other’s role will reduce the interface between institute and industry; and it can potentially give rise to mismatch between demand and supply of manpower, which, in turn, can cause disruption in the job market. This book "Industry-Academia Interface – Perspectives and Practices" attempts to examine the modalities of interface, the extent of collaboration and the benefits of the mutually interdependent relationship of academia industry partnership. It projects that industry and academia engagement has to be based on models of best practices, correct partners and processes, needed within university, funding agencies and companies to help make smart, efficient and effective partnerships. The various dimensions of interface and the interdependence for sustenance are explored in the book that is replete with case studies, articulating model academic industry alliance, internships, management development programs, Corporate Universities, Academic entrepreneurship and campus recruitment. With sharp insights and interesting illustrations, the book reflects a cognizance of the intersecting needs and mutually interdependent relationship of the industry-academia interface, in its earnest attempt to identify means to strengthen the industry-academia interface. The book sets out to establish that the industry-academia engagement should not be tentative and ritualistic, but real.