University-Industry Partnership: Challenges and Prospects in the EU and Transitioning Economies

Abstract

The university-industry partnership is a catalyst for innovation, technological progress, enhanced productivity, economic growth, and the dissemination of scientific technology. It plays a pivotal role in modernizing the education sector, improving graduate employment, and optimizing knowledge utilization. This research explores the potential for developing university-industry partnership and offers a comprehensive framework for their successful implementation. The study adopts a comparative approach, analyzing innovative capacity and research and development activities in the European Union (EU) and Transition Economies. It analyzes specific indicators to evaluate these regions, conducts case studies in Armenia and Italy, and focuses on two universities, Ca’ Foscari University of Venice and Yerevan State University. Methodologically, the research examines university-industry partnership from three perspectives: university, industry, and students. It employs interviews, site visits, and surveys to offer a comprehensive analysis. This research contributes to knowledge by uncovering factors influencing successful university-industry collaboration, providing insights for strategy development, and addressing challenges. It sheds light on similarities between the EU and Transitioning Economies and offers recommendations for structural, functional, and legal changes at the national level. Moreover, it aims to guide policymakers in establishing effective university-industry partnership for sustainable economic and educational growth.