Research Partnership Between Academic Institutions and Corporate sector

In: Journal of global economy, Band 16, Heft 2, S. 18-30

Abstract

As the industry is growing and at the same time educational institutions and organisations or Universities are also emerging. So, the needs are inevitably coming into the picture. Needs of what? So, the answer is the needs of companies and the need for education. As per the report from World Economic Forum, the Educational needs and Corporate needs are bouncing in a cycle. As the educational needs provide the corporates fulfilments and corporate needs provide educational fulfilments. Since there are many reports and discussions talking about the needs of each of the sectors not only private or public but of corporate and educational. As there is Public-Private Partnership for some needs, some benefits and for some growth. Thus, it is also important for this century to understand and apply the needs and benefits coming out of educational and industrial needs. There is a significant contribution of many researchers, authors, writers, professors, corporate officers, faculty members, business developers and entrepreneurs to elaborate on the uses and implications of an educational and industrial partnership. The research on 'Academic and corporate sector research partnership' seeks the needs, benefits, relationships and roles. It includes the case studies and data analysis about the achievements, and methods which are used to emphasize the importance of partnerships between the educational institutions and the corporate sector. There are many national and international partnerships which have been seen in many corporate world and educational institutions. There are many different ways to generate revenue, investments, Startups, Technology, new innovations, Commercialization and business development. Research that can give you empirical evidence or connect with the gap between one or two things. Under these particular partnerships, there is always a big debate about whether academic research fulfils the need of corporates or whether corporate research can fulfil the requirements of academic institutions. There have many positive and negative opinions on both kinds of research. But ultimately both the research is needed to establish the partnerships for a new innovation or for a new idea of business that can be beneficial for both the academics and corporates. The research is based more on the findings that how new innovative ideas are welcomed to establish new partnerships among academics and corporates to create jobs, business and entrepreneurship in this global world.