Academia -Industry relationship The Academia-industry collaborations involve transforming an intelligent laboratory research into an industrial application of that knowledge, to provide goods and services for the society. The Bayh-Dole Act, enacted in 1980, details the rules and regulations for collaborations between private industry and research institutions, such as universities and since then, financial relationships between them have grown. In biomedical research, these relationships often pair academic research expertise and facilities with industry resources for technology transfer in order to bring innovations from the laboratory bench to hospital bed. These collaborations benefit society by leading to the development of new medical…

The Scientists base their research on a principle hypothesis that complex systems can be understood by seeking out its most fundamental constituents. In other words, the complex problems are resolved by dividing them into smaller, simpler and more tractable units. Hence, physicists search for the basic particles and forces; chemists seek to understand chemical bonds; and biologists explore DNA sequences and molecular structures focusing on a particular gene or a protein in their efforts to understand organisms. This approach of “divide and conquer” is termed reductionism (Williams, 1997; Ahn et al, 2006a). The Biologists Reductionism approach is a science of…