Core77

Manufacturers and educational institutions are now making R&D partnerships a near trend, as they fully realize the major reciprocal benefits. The Manufacturer posts a nice piece detailing such collaborative efforts where manufacturing companies save on cost while accessing valuable research and development from bright, young thinkers, and in return, students and schools reap access to the latest in technology and production.

The symbiosis between educational institutions and industry continues to develop in manufacturing. The traditional barriers and institutional silos are being broken down and redeveloped. In reality, both sides need each other. In an era of global competition, rapid product development requirements, cost pressures, evolving technology, and reduced employee levels, manufacturing companies are looking for partners to help them meet the needs of their customers. Colleges and universities can be those partners and help with developing new products and technologies, process improvements, or by providing their graduates with the necessary education and skills to make a difference in the workplace.

Tweet

More: Business • Comments (0)