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It fueled new discoveries and innovations in these disciplines, which has greatly transformed the world and how we live.Today businesses implement e-Learning to improve efficiency and productivity.
Funding academic research is the new norm among several top-level enterprises.
Even medium and small-scale businesses have resorted to the use of research by networking with academics or by forging ties with local universities.
The continued success in implementing this model has led companies to actively fund academic research in universities.
Companies can get early access to the research materials prior to publication, which they can use right away for any of their operations.
Besides, they promote the creation of more jobs, which improves the per capita income and the GDP of a country.
The paper ‘Contribution of academic research to innovation and growth’ clearly identifies academic research as having a consequential effect in the corporate world.
Most academic research has been closely identified with a niche and ‘enterprises’ seems to belong outside this circle.
Research done at academic institutions across the world have deeply benefited science, economy, industry and several other fields.
Although appearing slightly biased, a look at the facts stated in these papers seems to offer the truth, which is that academic research has a perceivable influence in driving innovation and growth.
The revenues generated by enterprises contribute a major part to economic development.