Role of Industry-Academia interface for lling the Skill Gap from an Entrepreneur

Abstract

Industry needs academia and can benefit from its capabilities. Teaching research and extension are the
trinity of higher education. A productive interface between industry and academia, in the current era of a
knowledge driven economy, is critical. Industry Interface is an interactive and collaborative arrangement
between academic institutions and business corporations for the achievement of certain mutually inclusive
goals and objectives. Institute remain in continuous touch with industry for overall development of their
students. Industry needs “ideas”. It has funds, but lacks time. It has Yesterday in mind. Institute needs
“funds”. They have time, expertise and can provide ideas. They have Tomorrow mind. Bringing them
together gets us Today. There is no Chase, there is NEED! The paper is an attempt to list down benefits from
industry – academia interface and would also point out the ways to build the gap so as to develop the skill.
This paper also states out the inhibiting factors both from industry and academia and measures to overcome
it. Technical education forms the backbone of development of a nation. Industry is the major consumer of
technical institution product. The real requirement of industry will be explored only through effective
interaction with them. The paper is exploratory in nature and is an effort to create a base for further study.