From sponsorship to partnership in academy-industry relations

One practical result of the advent of the knowledge society has been an inc reased reliance on academic-industry partnerships as important sources for the creation of economic value. This paper argues that this renewed emphasi s on knowledge has led to a shift in the nature of the relations between th e academy and industry from sponsorship to partnership and the formation of new research institutions that allow researchers and practitioners to enga ge in continuous rather than problem based dialogue. These developments are illustrated by providing a case study based on the experience of one resea rch team with its industrial partners. The paper presents results pertainin g to some of the issues and challenges raised by continuous dialogue in par tnerships, and emphasises the creative yet demanding implications of close collaboration between the two communities.