Fostering effective university‐industry partnerships: concluding remarks

PurposeThe 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/approachThe 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.FindingsThe paper discusses the range of best practices for building effective university‐industry partnerships.Practical implicationsThere are lessons for industry, universities and policy makers.Originality/valueThe paper provides multiple perspectives on university‐industry partnerships from various geographies.