To take advantage of knowledge and obtain better interaction between students, universities and companies, the University of Halmstad in Sweden has developed a method over the last thirty years that has produced significant results. This method contains a philosophy and a structure that promotes the university's academic development, while fostering learning among students and directly adding long-term value to the companies of the region. The method is described in this chapter, along with reflections and the results. The conclusions are presented in relation to the program, the interaction and the significance of this process for students and companies.