Academia-industry collaboration vital for Nepal

Academia-industry cooperation is the symbiotic relationship between academic institutions (academia) and the industrial sector (industry) through collaborative efforts and partnerships. The shared knowledge and expertise accessed through such cooperation can bridge the gap between theoretical knowledge acquired in academic settings and the practical applications of industries. Together, academic institutions and industries can co-create solutions to overcome pressing challenges by fostering partnerships and embracing best practices.

Academia-industry collaboration holds immense potential for driving innovation, economic growth and sustainable development. Industries continue to resort to private consulting firms that charge hefty amounts for advice or services in specialized areas. The collaboration between academia and industry would facilitate a mutual relationship, wherein industries seek consultation from experts in academia to leverage their knowledge and skills. Consequently, academic institutions and industries can co-create solutions to address the country’s pressing socio-economic and environmental challenges by overcoming challenges, fostering partnerships, and embracing best practices. Simultaneously, it eliminates the necessity for students to seek employment abroad because such collaborations hold the potential to generate employment opportunities domestically.

Different models and approaches to foster collaboration between academia and industry have been adopted across the globe. Distinguished companies like General Electric, Rolls-Royce, Siemens and IBM have collaborated with universities for years. Toyota’s research institute collaborates with Stanford University’s Artificial Intelligence Lab to advance research in artificial intelligence and automotive safety. Inside the University of Cincinnati Innovation Hub, Procter & Gamble has launched a Digital Accelerator. Beyond simulation, the facility is applied to solve business challenges. Many students have gained full-time employment at P&G following their time working at the Digital Accelerator. Companies like Amazon, Facebook and Google have also ventured into this domain and started collaborating with academic institutions around the world.

Industries drive the economy and industrial development drives economic prosperity. With the industrial sector contributing a mere 14.29 percent to GDP, Nepal’s economy is facing major headwinds. The projected growth rate is only 4.1 percent in 2023, down from 5.8 percent last year, the situation is critical. A high unemployment rate (19 percent) and a staggering student outflow (21.6 percent) paint a grim picture. Capital outflow worth Rs 47.35bn owing to Nepali students going abroad to pursue foreign education has already been recorded in the first five months of the current fiscal (2023-24). This exodus of students seeking education abroad is largely driven by the fear of limited job opportunities back home. Nepal needs a collaborative effort to address these interconnected issues to create a larger labor market. Only through such collaborative efforts can Nepal hope to navigate its current economic challenges.

Despite the potential benefits, academia-industry collaboration in Nepal faces challenges that hinder effective partnership-building and knowledge exchange. Kathmandu University has pioneered this initiative with the motto of taking knowledge and skills “from the campus to the community” by establishing the “Academia Industry Cooperation” at Kathmandu University (AICKU) under the esteemed office of the Vice-chancellor to bridge the gap between university and industry. AICKU identifies potential industry partners and establishes strategies for collaborations through joint research projects, conferences, and meetings. It also facilitates the mechanism for technology transfer, licensing and commercialization of research output.  Recently, AICKU successfully conducted “Academia Industry Meet 2023” where stakeholders from academia, industry and government sectors came under the same roof and discussed current challenges followed by possible solutions. Additionally, Kathmandu University has started a KU Employment Promotion Program to provide job opportunities to 80 top graduates per year and equip them with skills to compete in the global market. AICKU has also signed agreements with different industries to provide internships and job opportunities to students of the university. Recently, it facilitated the different research centers and labs of KU for the following projects.

• “Pilot Scale Green Ammonia Production in Nepal for Contribution to Domestic Economy and Better Utilization of Hydropower Electricity” with the Nepal Electricity Authority.

• “Feasibility Study of Green Urea Plant in Nepal” with the Ministry of Agriculture and Livestock.

• “Condition Monitoring of Hydropower Plants in Nepal” with Nepal Electricity Authority.

Looking ahead, AICKU plans to establish mechanisms for technology transfer, licensing, and commercialization of research outputs. Collaboration with the Business Incubation Center for the promotion of entrepreneurial ideas of students, faculties and researchers is well underway. With its long-term goal to foster a seamless transition from academia to the workforce, AICKU is emerging as a beacon of collaboration, laying the foundation for mutually beneficial relationships between academia and industry to shape a prosperous future for Nepal.

Despite these efforts of KU, a joint effort through other universities as well as stakeholders is needed to achieve the aim of enhanced synergy. There are many hurdles in the path such as limited research funding for the university, regulatory and administrative issues due to complex bureaucratic procedures and outdated regulations, differences in priorities, timelines, and expectations between involved stakeholders, limited technical expertise, infrastructures and research facilities, and institutional barriers. A new initiation is essential to combat the difficulties and fulfill the objectives of academia-industry collaborations. At first, policy reforms are essential from the government level to promote academia-industry collaboration, innovation, and technology commercialization. Through collaborative efforts, Nepal can not only harness its full potential to build a prosperous and resilient future for its people, but also solve the problems of youth retention and unemployment.

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