Introduction – ORIC @ IU

It is tantamount to utter this reality that today’s age is the era of globalization and its sole purpose is to provide organizations with a superior competitive position with lower operating costs and to gain greater numbers of products, services, and consumers. Moreover, the knowledge economy has emphasized the need for research work, innovation, commercialization, and the establishment of incubation centers in universities at the national and international levels in order to bridge the gap between industry-academia and their traditional roles as collaborators. Top-ranked universities around the globe are steering strategic partnerships and have adhered to the inclination of industry-academia collaboration in order to perform efficiently and effectively by investing their resources and refining the competitiveness of the industries and universities on all fronts.