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The University-Industry Collaboration
Abstract
The collaboration between academia and industry—university-industry collaboration (UIC)—may occur according to different formats (multiple types) and recently has increased based on the third mission of the universities. This relationship offers advantages to both entities, addressing global challenges to their mutual benefit as well as benefits to society. Nevertheless, this relationship is complex and often appears threatening to both the university and industry through value and goals conflicts. In order to achieve success in this relationship, it is important to understand the three drivers that are part of UIC (i.e., the motivation for collaboration, the channel of interaction and outcome, and benefits of collaboration). Their understanding allows one to mitigate barriers, overcome differences, create an environment of trust and commitment, and consequently, achieve success of the UIC. This chapter aims to address these three main drivers of this relationship based on literature review.
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