How to Achieve a Win-Win Situation in University-Industry Collaboration
4 Pages Posted: 15 Jun 2019
Date Written: April 30, 2019
Nowadays companies face tough competition in a globalised economy with rapid technological innovation and increasingly short product life cycles. On the other hand, universities, when teaming up with industry, may enjoy the necessary financial resources and input to deliver breakthrough discoveries. Through collaboration, both university and industry benefit from knowledge and technology exchange, fostering the welfare and competitiveness of a country. This paper will explore possible ways to strengthen and improve the cooperation while protecting intellectual property and know-how that is created prior to, during or after the collaboration to achieve a win-win outcome.
Keywords: university-industry, technology, innovation, life cycles, knowledge, collaboration, win-win
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