Commercialization of Academic Research
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This document discusses commercializing industrial research in Pakistan. It notes that commercialization is important to meet national needs from population growth and create jobs for youth. Academia has strengths like working space and knowledge resources, but incentives don't align with commercial goals. The document proposes several actions like housing start-up companies on campuses, involving industry earlier in research projects, convening angel investors, and rewarding cross-disciplinary work to help bridge the gap between academia and commercial needs. The goal is to develop more research-based startups and industry partnerships in Pakistan.
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Commercialization of Academic Research
- 1. Commercialization of Industrial Research Ubaid Younus COO - Imhere (Pvt) limited Representative TECH Pakistan www.imhere.pk www.Techpakistan.org
- 2. Why Commercialization • National Needs • Growing population • Youth Bulge high population especially of young adult male leads to unrest, conflict, violence, war and terrorism Fuller (1995) and Heinsohn’s (2003) Youth Bulge theory, 20m The number of new jobs we need to create each year to accommodate youth
- 3. Why Commercialization • Market Need • Disruptions/Change in competition
- 4. Strengths of Academia Working Space Access to knowledge Great Brains Free Human Resource Shared Services
- 5. Commercial Value of Academic Research http://www.nature.com/nature/journal/v533/n7601_supp/full/533S6a.htm
- 6. Models of Engagement • State/Academic Partnerships • Academic/Industrial Partnerships • Start-up companies • Crowd funding
- 7. Leading countries with Industry funded research http://www.nature.com/nature/journal/v533/n7601_supp/full/533S6a.html
- 8. Leading countries in Research based startups http://www.nature.com/nature/journal/v533/n7601_supp/full/533S6a.html
- 9. The Gap
- 10. 5
- 11. 1. You move the wrong way Industry – Demand Driven Need identification Market Analysis Business development Design Finalization Technology Research Marketing Customer Service Academia – Supply Driven Technology Research Design Finalization Product development Marketing Business development Need identification
- 12. 2. Personal Goals Vs Commercial Projects? The Academia is rewarded • Journal Papers, • Conference Papers, • Citations and • Student Feedback Where is the incentive for Commercialization?
- 13. 3. 4 examination breaks per year – Seriously!
- 14. 4. We have different risk profiles 2.2 2.9 3.8 4 5.3 7.8 8.5 GOVERNMENT SERVANTS ACADEMIA BANKERS EMPLOYEE MNC EMPLOYEE PRIVATE SECTOR BUSINESSMEN ENTRA Based on academic non scientific research. Used here only to highlight difference and not to be judged based on value
- 15. 5. “Kun Fa Yakun” is not a business practice Business Practice Follow up Monitor Progress Provide guidance Assign Task Academic Practice Grade it……..Wait Let it be done
- 16. What to do
- 17. The Low Hanging Fruit - FYP
- 18. Actions • House companies inside the campus • Involve industry at the time of project allocation • Subcontract ORIC office (Managed Service) Mobility and Interaction • Do away with primitive performance Management system • Commercialization should be part of Faculty KPI Incentives for Academic Researchers • Convene Angel investors and University to match their commitment Rupee to Rupee • Conduct bi annual elevator Pitch competition Supportive Capital funding • Reward cross disciplinary Final year Projects (Engineering & Management etc) • Encourage Interuniversity projects Policy Initiatives