University researchers have collaborated with industrial scientists on marketable projects. News coverage at the turn of the twenty-first century might lead one to believe that this is a current phenomenon. However, science historians have traced collaborations between European companies and university researchers.
Advantages of the Collaborative Relationships
There are numerous benefits that derive from university-industry relationships, including benefits to society, universities, and companies.
Social benefits. Society benefits from university-industry research relationships through innovative products and technologies. Industry-sponsored university research is often developed into practical applications that benefit society. These applications include new improved medical devices, techniques, and therapies; efficient energy development; and innovative electronic technologies.