The Applied Technology in Business program at Oakland University (Michigan) is a business minor that focuses on training business students in the proactive use of information technologies to solve business problems. The program is sponsored by corporations that provide real business problems for students to solve. Students learn problem solving, application development, project management, and information technology (IT) skills in the classroom and work in teams to solve the business problems. The four-semester program includes the following courses: Business/IT Foundations; IT Project Management; General IT Management; and the IT Internship. The objective of the program is to coordinate education, training, knowledge transfer, and research in the application of information technology to business using the coordinated efforts of faculty, students, and professionals from industry. This triadic relationship includes faculty/student, student/industry, and faculty/industry interaction. The partnership is operationalized using business application, skill training, knowledge management, and applied research frameworks. Figures contained in this paper include a diagram of the triadic partnership, a chart of IT use in support of business applications, a list of business and IT skills, business and IT skills ladders, and a description of student projects. (MES)