An industry view of industry/academic research collaboration

Society benefits from collaboration of industry and centers of higher education. Collaboration is now taking place on a global scale. Fundamental advancements in a wide variety of areas benefit from partnership with industry leaders. Industry brings a deep understanding of market problems and a means to commercialize discovery. Academia provides deep technical knowledge and novel approaches (often cross-discipline) to problem-solving. Globalization - both global commerce as well as global access to ideas - enables new solutions to problems to be generated and validated more quickly. A review of the framework and best practices and some historical insights are presented to build the case for industry<>academic collaboration at a personal level and with a focus on solving problems that benefit both parties. Examples are used to highlight this approach.