This conclave is a very important program of BTF as one of the priorities of BTF is to foster a more vibrant and result oriented collaboration between Academia, R & D Institutions and Industries including MSME’s.
Collaboration between the R&D institutions, Academia and the industries, including the MSME’s is a crucial matter for the development of India.
These are very critical questions that need to be addressed.
As Bharat marches towards “atma nirbhartha”, the expectations from the MSME’s is also critical, along with the other industries in accomplishing the same in the technology arena. However, there is a gap. Most of the industries, especially, MSME’s lack proper awareness of the potentiality of the R & D institutions.
They live with the problems or seek sub-standard solutions, leading to downtime and connected financial losses. It is important to have more and effective collaborations between the three entities, so that the synergy results in a win-win situation.
Interactions would be mooted to form a list of Problem Statements from the industries. This would be categorized under different verticals and presented as Challenges to the respective institutions.
BTF also intends to further handhold the MSME’s, to take this up further with the institutions for a timeline for solutioning and expedite the process until its fruitful conclusion. Thus, it would be an end-to-end process.
For this venture, we expect active participation from the R&D Institutions/Academia and Industries as below:
R&D Institutions / Academia
Industries
In countries like the UK, US, business sector investment in R&D is higher than the Government, while in India more than 55% is invested by the Govt, when compared with business sector and academia.
In countries like the UK, US, business sector investment in R&D is higher than the Government, while in India more than 55% is invested by the Govt, when compared with business sector and academia.
India’s Gross Expenditure in R&D (GERD) score is just USD 43 per capita and is one of the lowest in the world, in comparison, Israel is at USD 2108, China at USD 325, even Mexico at USD 63 in 2018.
India has published more papers than Russia and South Korea in 2016.
Felicitating Mr. Erik Af Hailstrom
Felicitating Mr. Gaurang Shetty, CEO, Research, Incubation, Innovation, Design Lab, SVU
Inaugural Session
Inauguration of Exhibition