While many Indian institutions struggle to perform better in various global educational rankings, they show a relatively strong record of working closely with the industry, a new index released by the Times Higher Education on Sunday said.
The ‘World Academic Summit Innovation Index’ has found that academics from the Republic of Korea were the most commercially valuable in the world, with its top universities attracting the most cash from big businesses. Among the world’s top 30 countries ranked, India bagged the 10th position.
The data is based on the top 400 institutions listed in the 2012-13 Times Higher Education World University Rankings. Three institutes of India, including IITs at Bombay, Kharagpur and Roorkee had figured in the list last year — but all were below 226th position.
The total income from the industry was divided by the total number of researchers in these three institutes to arrive at the average figure of $36,900 per researcher in India .
“Every year, IIT Bombay receives considerable financial support from the industry for research and development. We are building up research facilities to enable our professors to provide cutting edge research support to address the competitive and technological requirements of industries,” says IIT Bombay director Devang Khakhar.
“We are seeking research tie-ups with the industry and plan to set up a research park in the campus to enhance such collaborations.,” he said.