Industry and Academia Relations in Developing Economies
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It is widely understood that economic growth is mainly driven by the ability of countries to harness the power of science and technology through innovation. Growing the economy implies addressing the main factors that affect the competitiveness of industry in the context of the various phases of economic development. Creating an environment that fosters innovations through cooperation between Academia and Industry in developing economies is the focal point of this proposal.
The different stakeholders for establishing a successful industry-academia relationship often overlook the two main beneficiaries of this relation, namely government and society.
The generic classification of industries according to the Porter model is identified and the various characteristics for each industry class are uncovered, together with their relevant R&D requirements. This implies that any cooperation between academia and industry should take these varying requirements into consideration.
The issue is further compounded by industry fragmentation which characterizes most developing economies. Academia and governments must be fully aware of these factors in order to be able to devise a fruitful cooperation strategy involving all four stakeholders - Government, Academia, Industry and Society.
The motivations of each stakeholder for conducting research are quite different; therefore a common understanding of what each party�s expectations and limitations are, is essential in order to lead to win-win situations.
Industry position in developing economies is identified and the motivations to conduct research are listed as a base for building a roadmap for cooperation between stakeholders.
Government motivations are straightforward but often overlooked by the other stakeholders. The issues hampering the creation of a successful R&D government policy are listed together with critical factors that should be recognized in order to support government policies.
The main motives of Academia to conduct research are examined within the context of the current Universities ranking systems. The new ranking system proposed by the Times Higher Education classification shifts towards explicitly including Academia- Industry relations and research as key ranking factors and could well become the new paradigm in evaluating universities. The classic linear paradigm for linking basic and applied research must be critically reviewed in contrast to the emerging paradigm of the iterative model linking research with society through industry.
Within the context of establishing E-JUST, the American and Japanese R&D systems were examined only to reveal that most of the entities needed to emulate these systems are already in place in most developing economies, however the cohesiveness and effective linkage between them is usually weak.
In conclusion we state that government policies towards R&D are the main drivers towards creating an effective bond between industry and academia and a set of proposals for fostering such policies are formulated for Government, Academia and Industry.