The project idea is to accelerate research, innovation, knowledge and technology transfer in B&H and Armenia through enhancing strategic academia-industry alliances. The objectives of the project are to reinforce existing and to establish new university structures – Cooperative R&D Units together with industry partners in the areas of knowledge creation and transfer, research and innovation, commercialisation of R&D results and develop a methodology for collaboration & open innovation. This project will enhance career development and employability of students and alumni by offering new and innovative opportunities in research and education.