Year: 2025
Type: article
Abstract: For centuries, the collaboration between academia and industry has driven mutual progress, with academic innovations transforming into products and services through industrial channels. This symbiotic relationship has empowered both sectors to achieve their goals, fueling academic research to address real-world challenges and inspiring groundbreaking solutions. Industry, in turn, gains access to cutting-edge technologies and a highly skilled workforce. Through this partnership, technological advancement, entrepreneurship, and workforce development are accelerated. Now, the time has come for this influential alliance to transform to collaborative ecosystem, where the mutual benefit combines harmoniously with broader positive impacts on the surrounding environment or community. Both academia and industry must embrace sustainability as a core principle in guiding innovation and practices. By combining their strengths, they can optimize resources, minimize waste, and create more environmentally friendly solutions. In doing so, academia and industry can help shape a sustainable future that benefits laboratories, the environment, and society as a whole.
Authors: Bikram Agrawalla, Susanta Banerjee
Institution: Indian Institute of Technology Kharagpur
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409414669