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Academic institutions in several other nations, including India (the IITs and IISc, in particular) have also created internal mechanisms to protect and license IPR to the industry, to promote entrepreneurship and for-profit ventures — both in an effort to enhance their innovation systems and to generate revenues. The experience of US and European universities, therefore, may be of relevance in establishing the right direction for future academia-industry interactions.

Academia and the Markets

On the face of it, the marketplace realities of competition and profit-motive run counter to the values of academia. Historically, the university has been a place for learning, research, and service to society through the application of knowledge; the spirit of free enquiry and exchange of ideas its raison d'etre. The academia was accorded a significant degree of protection from the pressures of society — academic freedom — precisely because it was serving the broader good of society. However, it is true as well that a significant portion of academic research — which has largely been publicly funded till today — often appears unrelated to the needs of the society at large. This perhaps is more pertinent to a country like India, because of larger government contribution to academic research funding.

With the rise of a global market economy, higher education is beginning to be seen as a ‘private good’ benefiting those who study or do research. As this view has it, the users should pay for this service as for any other. In short, the provision of knowledge is just another commercial transaction. In the marketplace, capital has no loyalty. Can or should the same rule apply to academic capital as well? This is the key question that the modern-day academia faces and needs to resolve.
The question of industry-academia linkages, however, resists clear demarcation of boundaries. No doubt, the academic process of peer review and open publication of research papers is critical to the progress of knowledge. Still, a simultaneous link with the market can provide the academia with valuable inputs: Does the concept work? Will a device sell? The idea born in the academia is almost always only an incipient one and needs the support of a whole range of business systems — that are beyond the academia — for realizing its economic value. Genuine industrial innovation needs both science and the logic of marketplace. In short, the need between the industry and the academia is mutual.

The general decline in the role of the government in most economies may leave the academia with little choice in the future but to increasingly seek private research funds as well as trade its IPR. To many, this may seem a pragmatic response to the emerging realities. Yet, what place would the arts and humanities (and perhaps even some of the social sciences) have in a regime overwhelmingly governed by economic utilitarianism? How much damage will this cause to the credo of liberal education that, historically speaking, the arts, humanities and science together help found? The answers to these questions are not easy. The modern academia perhaps needs to re-define its role and create structures that may help retain what has been its essential ideal: fostering a larger social good.

Contact: Prof Sandip Roy, sr@che.iitb.ac.in

 

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