Academia-Industry-Government (AmIGo) Model of Partnership
Academia-Industry partnerships are widely known. They are mostly profit driven and based on formal agreement between an individual or an institution with an industry. The intellectual property that transforms into marketable product can either generate independently or be anticipated and funded by industry.
Whilst it is not a crime to generate profit, a more inclusive approach would be Academia-Industry-Government (AmIGo) model of partnership. The element of profit is safely embedded within the AmIGo model. However, a share of it goes to the Government.
The Government, takes intellectual output from academia and reach out to develop products/solutions with entrepreneurs (jointly or otherwise). The academia, in turn, will be motivated to find innovative solutions for socially relevant challenges. They will be forced to think out of their disciplines (i.e. encourage trans-disciplinary thinking/ collaborations). The entrepreneur gets a well defined goal to work towards. S/he will also be able to seek counsel of experienced Government professionals and there-by reduce the element of risk. The society stands to benefit by adopting the product/solution and even contribute through a feedback mechanism to improve it.
AmIGo can also be a means to:
- Revive sagging Government owned enterprises.
- Increase revenue flow to Government coffers (for services provided to citizens).
- Enhance transparency.
- Foster socially relevant innovation
- Nurture entrepreneurship.
- Create employment and
- Enhance academic output (trans and inter-disciplinary research; patents filed/ granted)
- Provide facility for societal (user) feedback for improved deliver of Governmental services.
Such partnership models will be pivotal to ensure timely delivery of indigenously developed products and solutions to make our cities 'smart'.