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This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. &nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d&nbsp;he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">Currently over&nbsp;700 companies are working with faculty and students&nbsp;on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with&nbsp;794 new invention disclosures&nbsp;in FY17, and&nbsp;$47 million in total licensing revenue. According to the report,&nbsp;Entrepreneurship and Innovation at MIT,&nbsp;MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.&nbsp;<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17&nbsp;(includes government pass-throughs), or 21% of all MIT research funding.&nbsp;<\\/span><span style=\\"font-style: inherit; font-weight: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.&nbsp;&nbsp;&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">&nbsp;Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together &nbsp;&nbsp;<\\/span><\\/p>","align":"justify","text_color":"#010000","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. &nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d&nbsp;he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">Currently over&nbsp;700 companies are working with faculty and students&nbsp;on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with&nbsp;794 new invention disclosures&nbsp;in FY17, and&nbsp;$47 million in total licensing revenue. According to the report,&nbsp;Entrepreneurship and Innovation at MIT,&nbsp;MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.&nbsp;<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17&nbsp;(includes government pass-throughs), or 21% of all MIT research funding.&nbsp;<\\/span><span style=\\"font-style: inherit; font-weight: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.&nbsp;&nbsp;&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">&nbsp;Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together &nbsp;&nbsp;<\\/span><\\/p>","align":"justify","text_color":"#010000","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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(6751, 1048, '_elementor_data', '[{"id":"22602e9","elType":"section","settings":{"structure":"20","content_width":{"unit":"px","size":1481,"sizes":[]}},"elements":[{"id":"d31a279","elType":"column","settings":{"_column_size":50,"_inline_size":null,"background_background":"classic"},"elements":[{"id":"8d5b349","elType":"widget","settings":{"title":"<br>IR NEXT- BlockCon Pakistan -1.0  Conference","typography_typography":"custom","typography_font_size":{"unit":"px","size":"40"},"typography_font_weight":"500","typography_line_height":{"unit":"em","size":"1.3"},"title_color":"#194B8D","typography_font_family":"Montserrat","_animation":"fadeInRight","_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding":{"unit":"px","top":"-11","right":"-11","bottom":"-11","left":"-11","isLinked":true},"_margin_mobile":{"unit":"px","top":"-15","right":"-15","bottom":"-15","left":"-15","isLinked":true},"_padding_mobile":{"unit":"px","top":"-8","right":"-8","bottom":"-8","left":"-8","isLinked":true}},"elements":[],"widgetType":"heading"},{"id":"02fef77","elType":"widget","settings":{"editor":"<p><strong style=\\"font-style: inherit; text-align: justify; color: var( --e-global-color-text );\\"><span lang=\\"EN-GB\\" style=\\"font-size: 14.0pt; line-height: 115%;\\">IR NEXT (Industrial Revolution Next) is organizing the first of its kind of conference associated with <u>Emerging Technologies<\\/u><\\/span><\\/strong><u style=\\"font-style: inherit; font-weight: inherit; text-align: justify; color: var( --e-global-color-text );\\"> <\\/u><span lang=\\"EN-GB\\" style=\\"font-style: inherit; font-weight: inherit; text-align: justify; color: var( --e-global-color-text ); font-size: 14pt; line-height: 115%;\\"><u>&amp;<\\/u><\\/span><strong style=\\"font-style: inherit; text-align: justify; color: var( --e-global-color-text );\\"><span lang=\\"EN-GB\\" style=\\"font-size: 14.0pt; line-height: 115%;\\"><u> Industry 4.0 Applications<\\/u><\\/span><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"e7d35a8","elType":"widget","settings":{"editor":"<p class=\\"MsoNormal\\" style=\\"text-align: center;\\" align=\\"center\\"><b><i><span lang=\\"EN-GB\\" style=\\"font-size: 14.0pt; line-height: 115%;\\">BLOCKCON PAKISTAN \\u2013 1.0<br>(Artificial Intelligence, Blockchain, Internet of Things &amp; Cybersecurity)<\\/span><\\/i><\\/b><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"6f0c0e2","elType":"widget","settings":{"editor":"<p><strong>Let us deep-dive into the precise panel discussions and mind-blowing technology sessions by the International Tech Pioneers and Residential Tech savvy distinguished participants.<\\/strong><\\/p>\\n<ul>\\n<li><strong>Blockchain and its Applications - Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. &nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d&nbsp;he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">Currently over&nbsp;700 companies are working with faculty and students&nbsp;on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with&nbsp;794 new invention disclosures&nbsp;in FY17, and&nbsp;$47 million in total licensing revenue. According to the report,&nbsp;Entrepreneurship and Innovation at MIT,&nbsp;MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.&nbsp;<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17&nbsp;(includes government pass-throughs), or 21% of all MIT research funding.&nbsp;<\\/span><span style=\\"font-style: inherit; font-weight: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.&nbsp;&nbsp;&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">&nbsp;Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together &nbsp;&nbsp;<\\/span><\\/p>","align":"justify","text_color":"#092027","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]');
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. &nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d&nbsp;he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">Currently over&nbsp;700 companies are working with faculty and students&nbsp;on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with&nbsp;794 new invention disclosures&nbsp;in FY17, and&nbsp;$47 million in total licensing revenue. According to the report,&nbsp;Entrepreneurship and Innovation at MIT,&nbsp;MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.&nbsp;<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17&nbsp;(includes government pass-throughs), or 21% of all MIT research funding.&nbsp;<\\/span><span style=\\"font-style: inherit; font-weight: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.&nbsp;&nbsp;&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">&nbsp;Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together &nbsp;&nbsp;<\\/span><\\/p>","align":"justify","text_color":"#092027","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. &nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d&nbsp;he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">Currently over&nbsp;700 companies are working with faculty and students&nbsp;on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p>\\n<p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with&nbsp;794 new invention disclosures&nbsp;in FY17, and&nbsp;$47 million in total licensing revenue. According to the report,&nbsp;Entrepreneurship and Innovation at MIT,&nbsp;MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.&nbsp;<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17&nbsp;(includes government pass-throughs), or 21% of all MIT research funding.&nbsp;<\\/span><span style=\\"font-style: inherit; font-weight: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.&nbsp;&nbsp;&nbsp;<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 13.999999999999998pt; font-family: Calibri,sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p>\\n<p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">&nbsp;Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together &nbsp;&nbsp;<\\/span><\\/p>","align":"justify","text_color":"#092027","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p>In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p><p>Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/p><p>MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.\\u00a0<span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding.\\u00a0<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">\\u00a0Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together \\u00a0\\u00a0<\\/span><\\/p>","align":"justify","text_color":"#092027","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]');
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p>In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p><p>Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/p><p>MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.\\u00a0<span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding.\\u00a0<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">\\u00a0Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together \\u00a0\\u00a0<\\/span><\\/p>","align":"justify","text_color":"#092027","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><strong>In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/strong><\\/p><p><strong>Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/strong><\\/p><p><strong>MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.\\u00a0<span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding.\\u00a0<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">\\u00a0Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together \\u00a0\\u00a0<\\/span><\\/strong><\\/p>","align":"justify","text_color":"#010000","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><strong>In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/strong><\\/p><p><strong>Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/strong><\\/p><p><strong>MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.\\u00a0<span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding.\\u00a0<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. 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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. 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This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. 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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><strong>In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/strong><\\/p><p><strong>Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/strong><\\/p><p><strong>MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.\\u00a0<span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding.\\u00a0<\\/span><span style=\\"font-style: inherit; font-family: var( --e-global-typography-text-font-family ), Sans-serif;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. Universities can allocate the funds towards the betterment of their facilities whereas, industries can benefit by accomplishing various other market related goals.\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">It also provides the scientists access to more advance and state-of \\u2013the-art technologies and equipment that are scarce and not easily available in the institute. Not only does it impact the research and causes it to be more effective, but it also improves the reputation of the institute, causing the future employment rate of the institute to increase simultaneously.\\u00a0\\u00a0\\u00a0<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"font-size: 14pt; font-family: Calibri, sans-serif; color: #000000; background-color: transparent; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;\\">This continuous progression in the era of machinery will eventually lead us to being surrounded by technology. In countries such as Pakistan, there is a massive gap between the knowledge provided and the knowledge needed by the industry. Due to this huge gap, Pakistan is not only behind on domestic level but also international as well<\\/span><\\/strong><\\/p><p dir=\\"ltr\\" style=\\"line-height: 1.28; margin-top: 0pt; margin-bottom: 8pt;\\"><strong><span style=\\"background-color: transparent; color: #000000; font-family: Calibri, sans-serif; font-size: 14pt; white-space: pre-wrap;\\">\\u00a0Soon most of the society will be digitised and dominated by A.I, therefore to effectively use this type of technology in Pakistan, a functional and practical solution will be required. Finally, to commercialize these products, academia and industry will have to join hands and work together \\u00a0\\u00a0<\\/span><\\/strong><\\/p>","align":"justify","text_color":"#010000","typography_typography":"custom","typography_font_size":{"unit":"px","size":16},"typography_font_weight":"300","typography_line_height":{"unit":"em","size":2}},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]'),
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Worldwide Implementations and Benefits<\\/strong><\\/li>\\n<li><strong>Enterprise Applications and Technical Solutions<\\/strong><\\/li>\\n<li><strong>Academia and Applications \\u2013 Industry 4.0 Opportunities<\\/strong><\\/li>\\n<li><strong>Industry 4.0 \\u2013 Pakistan and us<\\/strong><\\/li><\\/ul>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#7A7A7A"},"elements":[],"widgetType":"text-editor"},{"id":"611898c","elType":"widget","settings":{"editor":"<p><strong><em>Concluding Session will be addressed by the Federal Minister of IT \\u2013 Mr Ameen ul Haq<\\/em><\\/strong><\\/p>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#194B8D"},"elements":[],"widgetType":"text-editor"},{"id":"9e1905f","elType":"widget","settings":{"editor":"<h3><strong>For Registration , Click Below<\\/strong><\\/h3>","typography_typography":"custom","typography_font_family":"New Tegomin","align":"left","typography_font_size":{"unit":"px","size":19,"sizes":[]},"_margin":{"unit":"px","top":"3","right":"3","bottom":"3","left":"3","isLinked":true},"_padding":{"unit":"px","top":"-2","right":"-2","bottom":"-2","left":"-2","isLinked":true},"__globals__":{"text_color":""},"text_color":"#04011C"},"elements":[],"widgetType":"text-editor"},{"id":"091a2ad","elType":"widget","settings":{"text":"Register","align":"left","size":"md","icon":"fa fa-long-arrow-right","icon_align":"right","icon_indent":{"unit":"px","size":2},"typography_typography":"custom","typography_font_family":"Montserrat","button_text_color":"#ffffff","background_color":"#194B8D","hover_color":"#194B8D","button_background_hover_color":"#ffffff","button_hover_border_color":"#194B8D","border_border":"solid","border_width":{"unit":"px","top":"1","right":"1","bottom":"1","left":"1","isLinked":false},"border_color":"#000101","border_radius":{"unit":"px","top":"50","right":"50","bottom":"50","left":"50","isLinked":"1"},"button_box_shadow_box_shadow_type":"yes","button_box_shadow_box_shadow":{"horizontal":"0","vertical":"10","blur":"30","spread":"-8","color":"rgba(0,0,0,0.16)"},"_margin":{"unit":"px","top":"0","right":"0","bottom":"0","left":"41","isLinked":""},"link":{"url":"https:\\/\\/irnext.pk\\/blockcon-pakistan-1-0-registration-form\\/","is_external":"","nofollow":""},"_margin_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":""},"selected_icon":{"value":"fas fa-long-arrow-alt-right","library":"fa-solid"},"__fa4_migrated":{"selected_icon":true},"_padding":{"unit":"px","top":"0","right":"0","bottom":"0","left":"0","isLinked":true},"_padding_mobile":{"unit":"px","top":"0","right":"0","bottom":"0","left":"23","isLinked":false},"align_mobile":"justify"},"elements":[],"widgetType":"button"}],"isInner":false},{"id":"2bd32bb","elType":"column","settings":{"_column_size":50,"_inline_size":null},"elements":[{"id":"90ca02d","elType":"widget","settings":{"image":{"url":"https:\\/\\/irnext.pk\\/wp-content\\/uploads\\/2021\\/12\\/WhatsApp-Image-2021-11-30-at-2.28.27-AM-1.jpeg","id":1005,"alt":"","source":"library"},"_animation":"fadeInDown","animation_duration":"slow"},"elements":[],"widgetType":"image"}],"isInner":false}],"isInner":false},{"id":"7642ee5","elType":"section","settings":{"content_width":{"unit":"px","size":1433,"sizes":[]}},"elements":[{"id":"826fd59","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"e7c5a6f","elType":"widget","settings":{"editor":"<p><span style=\\"font-weight: 400;\\">\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">In recent times, an increase is seen in the amount of cooperation between business and academia. This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. In already developed countries, this collaboration has proven to be equally beneficial to a large extent for both, industry and academia. \\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">The primary goal of institutes should be to prioritize and motivate their grad students to focus on current market trends and requirements. Which is why it is essential to maintain a balance between market and education.<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Universities produce graduates that are soaked up by industry, providing them jobs and experience. Working with companies improves the quality of training of engineers and broadens their career scope \\u2013 training them according to the market. 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This is due to the fact that they have an interdependent relationship with each other. Nowadays, knowledge has started becoming more crucial for economic development and this collaboration between industry and academia has proven to improve knowledge and enhance skills, causing new and improving innovations. This relationship has enabled vital skills that are required by industry, which eventually leads to early entrepreneurships. A mixture of market research and innovation at the university stage can turn out to be beneficial for the constantly growing economy and can be used to cater industrial levels to promote commercialization.\\u00a0<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Lately universities, especially those related to engineering, are becoming more and more dependent on industries. 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It is a strenuous task, nevertheless a surplus amount of revenue can be generated from this linkage.<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">It is safe to say that most of the research work done in universities is practically implemented by industries, if in demand.<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">The Chairman of NEVASCO, Han Wensink \\u2014 also senses that there is a need to arrange a collaboration with academia and its contributors. \\u201cThe industry would be able to create together with academia long-term sustainable consortia to organize funding and develop new products and services,\\u201d\\u00a0he claims.Studies prove that every dollar that is invested in research at medical schools and educational institutes creates about $2.60 in economic activity. If we take last year\\u2019s example, Harvard University received more than $800 million in research funding, with 70 percent coming from the federal government itself. This funding caused hundreds of millions in salaries and wages for Massachusetts citizens, as well as purchases from local businesses, with more than $21 million directed to companies in Harvard\\u2019s host communities of Boston and Cambridge<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Currently over\\u00a0700 companies are working with faculty and students\\u00a0on projects of mutual interest. Among these corporate sponsors are such global heads such as BAE, BP, Boeing, Du Pont, eni, Ford Motor, Google, Intel, Lockheed Martin, Novartis, Quanta Computer, Raytheon, Samsung, Sanofi, Shell, Siemens, TOTAL, and many more<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">MIT has a lively patenting\\/licensing activity, with\\u00a0794 new invention disclosures\\u00a0in FY17, and\\u00a0$47 million in total licensing revenue. According to the report,\\u00a0Entrepreneurship and Innovation at MIT,\\u00a0MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">Industry-sponsored research totaled $148 million in FY17\\u00a0(includes government pass-throughs), or 21% of all MIT research funding<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">However, competing on an international scale wouldn\\u2019t be possible without the mutual understanding between both, academia and industry<\\/span><\\/p><p><span style=\\"font-weight: 400;\\">To make the most out of this alliance, companies can take the initiative to issue patents to universities. This way, both sides can gain. 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