Details

Case

THE DEVELOPMENT OF AN INDUSTRY-ACADEMIA LINK

Kamran Ali Chatha, Abdul Rahman Shahid

INDUSTRY : Education

AREA : Production & Operation Management

ORGANIZATION : -

LENGTH : 25

LUMS No : 03-860-2017-1

PUBLICATION YEAR : 2017

KEYWORDS:

Innovation, Technology Management, Education, R&D, Open Innovation

DESCRIPTION:

The case illustrates an example of a relationship between academia and industry in a developing country for the purpose of developing a new product named "Ecopac." The challenges of forming such a relationship and how they are addressed are described. The case then goes on to look at how the relationship is formalised through a memorandum of understanding (MoU) and the challenges and complexities that this MOU poses. The discussion is then taken further to understand if such a case could be generalised to suggest possible policy interventions.

LEARNING OBJECTIVES:

1.To demonstrate the process and challenges in forming a collaborative innovation project through an example of university-industry collaboration. 2.To identify ways through which challenges of collaborative innovation can be addressed. 3.How a memorandum of understanding (MoU) can be used as a vehicle to materialize a formal and sustainable relationship between academia and industry. 4.To understand how a collaborative innovation project can be made scalable.

SUBJECTS COVERED:

Operations Management