PUNE: Universities need to
shed their traditional academic approach in favour of an
entrepreneurial disposition towards commercially realising their scientific research base, said Sir William Wakeham, Fellow of the Royal Academy of Engineering, UK and former vice chancellor of the University of Southampton, here on Friday. Wakeham, also international secretary of the academy, stressed the necessity of introducing management processes for academic staff at the universities and the need to give them access to apt market information. "There is a need to bring in staff in the universities that understands commercial world. The university councils too need to have a better understanding of various risk profiles and need to be flexible in their approach," he said.
Wakeham, who is credited for taking the value of university spin-outs at Southampton to an all-time high next only to the Stanford University was delivering a lecture From university research to economic and social benefit' at the Indian Institute of Science Education and Research ( IISER), Pune, as part of the last leg of his ongoing India tour. Earlier this week, he visited the IISc, Bangalore, IIT-Kharagpur and the Jadavpur University.
To read the full, original article click on this link: Adopt commercial approach to research: UK Fellow - Pune - City - The Times of India
