Fostering Strong Interactions Between Industry and Academia

This paper highlights a number of key issues in the development and execution of joint university-industry engineering projects. Government funding reductions have lead to decreased support of university research and economic forces have driven corporations to reduce or eliminate internal R&D centers. These are two driving factors behind the renewed ties between universities and industries. In developing a plan for a joint research project and when working together towards its solution, both sides need to be cognizant of their respective roles to ensure a successful partnership.