Collaborative Research in India: Academic Institution v/s Industry

The term ‘collaboration’ is used to depict the all forms of agreement between academic institutions, corporate, universities, and any combination of such two or more parties who share the commitment to reach a common goal by using their resources available. Collaboration in Research and development (R&D) sector has been broadly used phenomenon for many years in India. In the collaborative research, the significant factors like time & cost being reduced to large extent because of sharing of the resources by the parties. Collaborative research contributes to the technological and economical development of the country. Collaboration avoids duplication in research. But there are lots of questions, may be arising in your mind like: what is actual meaning of collaborative research? Why do industries collaborate with the academic institutions? What goes on in the collaborative research? What are the effects of collaborative research? Which type of policy do they have? and simultaneously there are lots of issues - involved in collaborative research like intellectual property rights, technology licensing, confidential agreement etc. how can all these issues be resolved before or during collaboration, so that a healthy relationship may be established for the future benefits of all the parties involved? The purpose of writing this paper is to shed the light on the solutions available of all these questions and the issues arise between the parties involved in the collaborative research program.