A Study on the Significant Influence of Industry Institute Collaboration on Various Factors in Engineering Institutes in Pune Region

Abstract

The industry-institute collaboration is one of the major concerns which an engineering institute is currently facing.  As we all know the institute's aims at creating new knowledge and providing fundamental education to student, whereas industry focuses on application oriented knowledge which can be transformed into profits of business goals. But the major challenge over here employability for the graduates to transform their knowledge gathered into an application which has industrial need. Industry-institute collaboration is not new concept, as we all know the world is being more competitive to remain sustain there is need for both industry-institute get involve into collaboration to encourage innovation and competitiveness in global economy. Objective of this paper is to identify whether the industry institute collaboration has significant influence on research & innovation, teaching & learning, employability and knowledge transfer among the engineering institute in pune region; identify the most significant method of knowledge transfer between industry and institute. Proposed study conducted for 10 engineering institutes in the city Pune. Being a survey research the study adopted the use of questionnaires to solicit data from respondents. The population of this study constitutes faculties such as principal, director (R&D), industry institute coordinator, head of department and training placement officer, professor, assistant professor etc. from 10 engineering institutes in pune region. The total sample size of the survey is 224 respondents. From the analysis found that industry institute collaboration have significant influence on research & innovation, teaching & learning, employability and knowledge transfer in engineering colleges in pune region. The most significant method of knowledge transfer was found training of students by industrial personnel, recruitment of personnel from engineering institute, contract research on behalf of industry, research collaborations and use of industrial equipment in engineering institute's labs.