Making industry-university partnerships work
This study, built on a growing pool of academic research about the state of industry-university collaboration, offers concrete lessons and recommendations from experienced managers on both sides of the divide.
Long-term strategic partnerships between universities and industry that run for 5 to 10 years are the most productive at driving innovation, according to a study published by the Science|Business Innovation Board AISBL, a not-for-profit scientific association create to improve the climate for innovation in Europe.
Universities and industry have been collaborating for over a century, but the rise of a global knowledge economy has intensified the need for strategic partnerships that go beyond the traditional funding of discrete research projects.
World-class research universities are at the forefront of pioneering such partnerships. They are designed to run longer, invest more, look farther ahead and hone the competitiveness of companies, universities and regions.
In short, they transform the role of the research university for the 21st century, anchoring it as a vital centre of competence to help tackle social challenges and drive economic growth.