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Purpose

The purpose of this paper is to review the answers to the question posed in the introduction to the themed issue: how can effective university‐industry partnerships be developed?

Design/methodology/approach

The paper consolidates the findings of various studies featuring in this theme issue on effective university‐industry partnerships. It addresses the aspects which contribute to effective partnerships and also challenges the issues around such partnerships.

Findings

The paper discusses the range of best practices for building effective university‐industry partnerships.

Practical implications

There are lessons for industry, universities and policy makers.

Originality/value

The paper provides multiple perspectives on university‐industry partnerships from various geographies.

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