Fostering Employability - Synergy between Industry and Academia

Abstract

Academia and Industry are the two distinct realms, running with diversified goals and aspirations. In the recent arena, it is perceived that there must be strong synergy or alliance between these two for the benefit of both the business and environment needs. Hence, there is a need for the industry to engage and play an active role in academia. Many industries today are facing serious crunch in talent pool. Students who are graduating from institutions are not industry ready. Hence, it is perceived that, the industry needs to play a role in transforming the graduates as industry ready. Several industries have been practicing various industry-academia collaboration programs to enable faculty and students. However, this doesn’t yield encouraging results. This paper outlines the synergy between industry academia for enhanced employability, the focus areas of industry – academic collaboration and role of industry and academia to meet the business and environmental needs. Further, experimental results are presented.