The Third Wave

Manoj, Vasudevan
July 2009
CURIE Journal;2009, Vol. 2 Issue 2, p62
Academic Journal
We live in an age where industry and university are constantly trying to raise the level of collaboration between them. This has brought about a cultural shift in the way we perceive the industry-university relationship. I-U relationships are complementary. The collaborative activities have been instrumental in helping firms advance knowledge and propel new technologies in many areas, e.g., biotechnology, pharmaceuticals and manufacturing. More importantly it helps cutting R&D costs. At the same time, universities are able to build long term relationship with industries which can help in procurement of industry funding and creating employment opportunities for their graduates. But, the collaboration doesn't have to stop just here. The collaboration can be extended to bring about a deep social impact at the grass root level in emerging economies where the main problem is not unemployment; it's unemployability. The inability of governments and large enterprises to cater to the grass root population is the primary reason that has led to this vicious problem that we call unemployment. Going forward I -U collaborations will need to be looked at with a different perspective where the goal will be to roll out activities revolving around social impact that is accompanied with a solid business focus. This will be the emerging third wave of the future.


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