Industry- Academic collaboration in India is in shambles. The same model followed in USA universities like Harvard/MIT where academicians innovate, industries show interest and investors help to launch the product haven't worked in India. The speaker has worked for four half years in USA and then joined Biomedical industry and worked for seven years. Now he joined academic and would like to project India specific models for entrepreneurship & establishing Industry- academic collaboration. The specific areas of discussion are 1. How the USA academic-Industry collaboration works 2. Why it is not working in India 3. The new model to help Indian employees to become entrepreneurs without leaving jobs