The specific project objectives are: To reinforce existing and to establish new university structures – Cooperative R&D Units together with industry; partners in the areas of knowledge creation and transfer, research and innovation, commercialisation of R&D results; To develop a methodology for collaboration and open innovation and establish web based platform focusing on knowledge transfer, innovation and networking potential; To test and review the model of collaboration between universities and companies through pilot projects; and To enhance career development and employability of students and alumni by offering new and innovative opportunities in research and education.