Strategic Industry-University Partnerships: Success-Factors from Innovative Companies

Industry-university partnerships are crucial for innovation, and this book provides insights from experts on managing successful partnerships. It highlights five success-factors for unlocking value for both parties, including careful selection, effective communication, shared goals and values, resource commitment, and monitoring and evaluation.

Format: Paperback / softback
Length: 230 pages
Publication date: 12 June 2018
Publisher: Elsevier Science Publishing Co Inc

Strategic Industry-University Partnerships: Success-Factors from Innovative Companies

Industry-university partnerships have emerged as a crucial driver of innovation, offering a platform for collaboration and knowledge exchange between industry and academia. While these partnerships can be complex and challenging to navigate, a systematic approach focused on five key success-factors can lead to mutually beneficial outcomes for both parties.

University assessments of these partnerships have been prevalent, providing valuable insights into the impact and effectiveness of these collaborations. However, industry perspectives on these partnerships are less well understood. This volume seeks to bridge that gap by capturing observations and insights from leading international corporations, while also incorporating university views to provide a comprehensive understanding of these partnerships.

The success-factors identified in this volume include:

Collaborative Research and Development: Industry-university partnerships facilitate collaborative research and development initiatives, allowing companies to access cutting-edge research and expertise while universities can apply their knowledge and resources to solve real-world problems.

Access to Talent and Infrastructure: Universities provide a pool of talented students and researchers, as well as access to state-of-the-art facilities and infrastructure. These partnerships enable companies to tap into this talent and resources, fostering innovation and growth.

Shared Value Creation: Industry-university partnerships aim to create shared value by addressing societal challenges and addressing industry needs. By working together, companies and universities can develop solutions that benefit both parties and contribute to the betterment of society.

Governance and Risk Management: Effective governance and risk management are essential for successful industry-university partnerships. Clear communication, shared decision-making, and transparent reporting mechanisms are crucial to ensure that risks are identified and managed effectively.

Long-Term Sustainability: Industry-university partnerships should be designed with a long-term perspective in mind. By building sustainable relationships and fostering continuous learning, companies and universities can ensure the long-term viability and success of their collaborations.

In conclusion, strategic industry-university partnerships have the potential to drive innovation, foster collaboration, and address societal challenges. By focusing on five key success-factors, including collaborative research and development, access to talent and infrastructure, shared value creation, governance and risk management, and long-term sustainability, companies and universities can build successful partnerships that unlock value for both parties.

This volume serves as a valuable guide for all partners in alliances, providing insights and best practices for strengthening their organizations and achieving sustainable success in the dynamic landscape of industry-university collaboration.

Weight: 378g
Dimension: 232 x 160 x 11 (mm)
ISBN-13: 9780128109892