Such partnerships, however, are not without risks.
Conflicts of interest between university and industry researchers, suppression of information from
fellow researchers and an ‘undermining of academic standards’ are real issues and must be managed
appropriately. Partnerships can be successful if proactive steps are taken to recognize and mitigate
the known risks. This paper provides a review of existing literature on university–industry partnerships
and develops, from the university's perspective, a set of generally agreed-upon benefits, risks and techniques
to facilitate successful collaboration with industry.