WHAT DRIVES THE FORMATION OF “VALUABLE” ACADEME-INDUSTRY PARTNERSHIP: THE CASE OF HEIS AND COMPANIES IN THE CALABARZON

Abstract

“Valuable†academe-industry (A-I) partnerships are those that would ensure new knowledge and innovation from the academe. They are shared with industry and together produce benefits that will be felt and utilized by people from all walks of life. The study intends to obtain modes of existing A-I interaction in CALABARZON (Cavite, Laguna, Batangas, Rizal and Quezon) and the factors that would drive formation of valuable partnership involving 873 respondents from the academe and industry sectors. Simultaneous relationships between and among variables were examined using Structural Equation Modeling (SEM). Results revealed that academe-industry interactions are limited to course requirements. Additionally, strongly indicated is the significant role of the Government in the attainment of community development which also confirms the Triple Helix concept. These suggest the need to strengthen academe-industry partnership through government policies and programs for economic growth and community development. Factors that drive the formation of valuable A-I partnership are congruent goal, structure, process and shared vision of social change within the partnership, sustainable partnership and strong support of government and non-government agencies.