The Role and Impact of Universities in National Innovation Systems
New Horizons in Entrepreneurship series
Edited by Poh Kam Wong
Chapter 10: Knowledge Production and Knowledge Transfer: A Study of Two Indian Institutes of Technology (IIT Madras and IIT Bombay)
10. Knowledge production and knowledge transfer: a study of two Indian Institutes of Technology (IIT Madras and IIT Bombay) V.V. Krishna* and Nimesh Chandra 10.1 INTRODUCTION Over the last decade, the links between academic research institutes (ARIs) and industry, generally known as university-industry relations (UIS), have attracted substantial research and policy attention in science, technology, innovation policy and knowledge management related literature. A number of factors have culminated in making ARIs in science and technology important actors in the national innovation systems (NISs), creating wealth from knowledge and contributing to the economy as a whole. The impact of globalization on trade, technology and economic growth generated a demand in industry for systematic knowledge in science and engineering, which in India is increasingly becoming the domain of the university system. The importance of human resource skills for a range of new technologies such as information and communication technology, biotechnology, nanotechnology, space and energy-related technologies, coupled with the rise of business enterprises and private industry in India including public sector enterprises, is placing more and more demands on academia, particularly in premier institutes such as the Indian Institutes of Technology (IITs). Together with the Massachusetts Institute of Technology (MIT) as a reference model institution, Humboldtian values of teaching and research excellence have remained quite important in the establishment and growth of IITs. The IITs as a representative set of ARIs particularly in science and engineering education are known for their academic excellence,1 particularly for producing high quality engineering, science and management...
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