Bangalore, May 21, 2018: A joint study by Infoholic Research and NASSCOM on Innovation & Academia, reveals that 78% of the surveyed universities think industry- academia convergence will lead to a better entrepreneurship ecosystem.
Overcoming multiple, academia is creating intelligent and innovative start-ups every year. They are also focusing on research with practical applications. Collaborative models between industry and academia in line with Public Private Partnership (PPP) is seen to further help solve real-world problems.
To act on government's vision that ‘the mega Corporations of today were Start-ups of yesterday’, innovation centres and academic incubators are aggressively converting innovations into job-creating commercial products. They are arranging hackathons, playing host to start-up weekends, and arranging seminars and workshops to propel the innovation scenario.
Says K R Sreenivasan, CEO and Founder, Infoholic Research: “Change in societal thinking and encouraging value creation at the school level will further raise India’s innovation quotient at par with global best."
|Institutions which are facilitating resources along with mentorship and providing indirect support provided to the industry as a part of their collaboration efforts include IIIT Bangalore, Mepco Schlenk Engineering College, Pimpri Chinchwad College of Engineering, SJB Institute of Technology and PES Institute of Technology and Management, Shivamoga. On the other hand, active participation with industry and consistent troubleshooting for industry-related problems are observed from the IITs, Pune Institute of Computer Technology, M.S. Ramaiah Institute of Technology, Annamalai University, NITTE University, Vemana Institute of Technology and The Oxford College of Engineering..
Some 93% of Institutions are continuously looking to collaborate with enterprises with an aim to generate wealth, employment and create social good, whereas 89% of them want to undertake the role of an incubating platform. Currently in india, academia has been at the fore-front of innovation with over 90 Institutes having an active Incubation Center. This can further be enhanced by setting up technologically advanced laboratories, developing science and technology parks and promoting joint research programs.
India is well poised in the start-up scenario but there is a lot of opportunity to unleash. IIT Madras has successfully incubated 148 start-ups and filed 126 patents in 2016-17 alone! IIT Delhi has filed over 600 patents till date and handled 384 development projects. The research also indicates that 70% of the surveyed institutions have successfully filed one or more patents.