“Industry and universities can complement each other and their partnerships will lead to mutual benefits,” said Dr Anthony Boccanfuso, President of the University-Industry Demonstration Partnership (UIDP), Washington D.C. He was speaking on “Preparing Students for Careers in Industry” at the ICFAI University Campus, Hyderabad on August 19, 2016. The lecture was organized in partnership with the US Consulate General, Hyderabad.During his talk, Anthony Boccanfuso explained how the business spends maximum resources on R&D, however, most of it is on development. On the other hand, Universities and Colleges spend their research budgets on carrying out basic research. Therefore, the industry and University can complement each other’s efforts and their engagement can help in improving the lives of people and the development of transformational products, new medicines and new approaches. Universities can benefit from their collaboration with business as it can lead to substantial funding. He said industries can benefit through university collaboration by getting access to talent, ideas, facilities and non-technical expertise.
Speaking on preparing students for careers in industry, Anthony Boccanfuso said that the students need to be trained to be ‘T’ shaped professionals with a ‘Growth’ mindset. Industrial advisory boards and student-led project teams are possible ways through which universities can collaborate with industry, he said. Further, he advised the students to explore the social media for greater mileage and also appealed them to relentlessly pursue on their creative ideas and strive to make it a reality in order to be successful entrepreneurs.
Welcoming the speaker, Prof J Mahender Reddy, Vice-Chancellor, ICFAI University said that the University believes in a strong industry interface and emphasizes on preparing students for successful careers in industry with the right combination of knowledge, skills and attitude.
About Dr. Anthony Boccanfuso:
Anthony Boccanfuso, a PhD in Inorganic Chemistry has more than 25 years of research and commercialization experience managing a variety of administrative, programmatic, and strategy initiatives for academic, government, and private sector firms. Since 2007, he led UIDP, a project oriented membership organization committed to improving partnerships between academic and corporate sectors.
About ICFAI University (IFHE) :
The ICFAI Foundation for Higher Education (IFHE) is declared as deemed-to-be university under section 3 of the UGC Act 1956. ICFAI Business School(IBS) is a constituent of IFHE. Within a short span of time since it was established in 1995, IBS Hyderabad has grown impressively and achieved widespread recognition from industry, academic circles and professional bodies in the last 20 years. It is a premier business School that has been consistently ranked by independent rating agencies as one of the top 10 B – Schools of India. It is one of the first business schools in South Asia to receive the prestigious SAQS accreditation. NAAC, an autonomous institute of University Grants Commission has also accredited The IFHE with ‘A’ Grade with an impressive score (institutional CGPA)of 3.43 out of 4.
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