This dissertation study focuses on reasons and means of industry and university

collaboration which lead to innovation. Collaboration in this study is viewed as one:

communication, exchange of knowledge and learning form the innovation process. This

research has followed a qualitative approach for methodology and the data was collected

through two interviews. The results of this study show how university research

collaborates with industry from the university research point of view. The findings also

reveal that university research can not produce innovation without practical knowledge

which is provided by company during collaboration. In the same way the company can

not produce scientifically based innovation without the interactive learning.