Partnerships and collaborations between higher education and industry have a long history in the United States. Numerous partnerships have contributed to advancements in the economy, education and training, humanity, and innovation. The subject areas of science, engineering, and technology are fields in which many of the collaborations occur, and many of the partnerships are often initiated and led by a faculty and a member of industry. Yet, it remains unclear how academia and industry achieve successful partnerships when the goals, language, culture, and organizational structures significantly differ from one organization to another. This study examined whether partnerships among engineering faculty perceive the core factors of successful collaborations similarly to how business and industry perceive the core successful collaborations with academia. This research sought to identify the core set of factors necessary to establish and maintain successful partnerships between higher education and industry. Data was solicited through surveys from engineering faculty in the Minnesota State University and College system and business and industry leaders throughout the state of Minnesota. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]