Cryptic crossword clue
Very lacking in space between Institute and Academy, from a bigger set 5,4

The most common and most likely answer to this crossword clue is the 5 plus 4 letter word INTER ALIA

I've seen this crossword clue in Financial Times
I
N
T
E
R
A
L
I
A


Buddy explains!

The straight part
We know that "from a bigger set" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case from a bigger set = inter alia.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

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