Today, industry-academia connect has begun
• For making a product more affordable in Indian context
• Academia Licenses technology to established companies
• Would often require efforts to convert into a product: manufacturable, 24 x 7, acceptable to customers, make money
• For highly innovative and risky ideas, academia look at incubated start-ups
• Create new products: disrupt existing solutions / tech eco-system
• When established company would not be ready to take risk and create market


More difficult as it requires large investment
And longer time to Market for
• Chemical and Processing Technologies
• Material Technologies
• Battery cell technologies
• Solar cells
• Pharmaceuticals etc.