The cooperation between universities and industry has proved its benefit in practice, as it stimulates radical innovation, the generation of new companies around universities, the consolidation of knowledge-based economy and the economic competitiveness.
The ranking of the study programs and the classification of the universities represent a very good instrument for the dimensioning of the higher education institutions. The universities can be classified into 3 categories:
A – Universities focused on education;
B – Universities focused on education and research;
C – Universities focused on advanced research and education.
Universities from class A could only receive public funding for study programs at the bachelor level, those from class B could receive funding for programs at both bachelor and master level, while those from class C were the only ones to receive public funding for all types of programs (including PhD).
Universities focused on advanced research seem to be ‘better’ than those focused on both education and research which, in turn, are ‘better’ than those focused solely on education.
Stimulating all forms of collaborations between universities and business is a key factor for increasing competitiveness in the global knowledge economy. The goal to improve the knowledge transfer between companies and the universities in the innovative process has to be approached considering the best practices and models at European, national and regional level.
By means of performing the classification of the universities and the ranking of the study programs, the company know how high-performance is the study program.