Academia-industry linkages: Theoretical and empirical review article

Abstract

Academia-Industry collaboration is the key step towards the growth and development of economy. The academia is a store house of knowledge and innovation whereas the industry is a sector to convert the knowledge and technique into innovative product. The conversion of research and innovation through universities or research institutions to the marketplace for social benefit necessitates significant and ongoing efforts. As a result, the objective of this article's summary is to go through the mode and challenges of long-term partnership between academics and industry. A total of 40 publications were screened, with data retrieved and analyzed qualitatively using a grounded theory technique. The study focuses on the type of existing interactions and the barriers to collaboration amongst the two actors i.e., academia and industry and grouped into four major themes or core variables that encourage collaborative creation. The themes are form of collaboration, channels of collaboration, barriers and motivation for collaboration. Furthermore, the assessment discovered that developing nations continue to have a research coverage gap when compared to developed ones, indicating that educational partnership is underutilized. As a result, it is suggested that action research be used to improve research in developing countries, with special focus paid to A-I collaboration methods.