Emerald Research Paper

And this calls for a new cooperation between enterprises and universities to share information for the betterment of both parties.

And this calls for a new cooperation between enterprises and universities to share information for the betterment of both parties.

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The facilities have the right equipment along with skillful research personnel for carrying out the studies.Most academic research has been closely identified with a niche and ‘enterprises’ seems to belong outside this circle.Research done at academic institutions across the world have deeply benefited science, economy, industry and several other fields.Besides, funding universities for specific research projects is an effective exercise in public relations as well.How can Enterprises Benefit from Funding Academic Research?Besides, they promote the creation of more jobs, which improves the per capita income and the GDP of a country.The paper ‘Contribution of academic research to innovation and growth’ clearly identifies academic research as having a consequential effect in the corporate world.Every year, the research output from universities and other major academic institutions have quadrupled.Enterprises can leverage this huge potential in academic research by forming collaborations or tie-ups with universities.Funding academic research is the new norm among several top-level enterprises.Even medium and small-scale businesses have resorted to the use of research by networking with academics or by forging ties with local universities.