Abstract
The classical role of the university may relate to the pursuit of knowledge by the individual but in recent times the scientific and technological prowess of the university is increasingly called on by industry in the pursuit of economic objectives. Science, technology and industry have been interdependent since the enlightenment, but this inter-dependence has never been so immediate and so obvious as it is today. From basic research through application research, from development to prototype, through to commercial application and marketing, the link between the generation of new knowledge and the translation of that knowledge into products and services depends on close interaction between those who undertake the research and those for whom the outcome of the research is the raw material for product development and commercialization.
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