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In the 21st century, the universities are evolving to have new functions including entrepreneurship, innovation, value creation, to contribute to the Industrial Revolution 4.0 with the new patents. R&amp;D is a sine qua non for the universities. R&amp;D and design supports the production processes through information technology and the knowledge production based on technology contributes to a faster sustainable development. This explains the mutual benefit for both sides to establish regional cooperation among the universities. The Bologna Process supports such cooperation. R&amp;D and innovation cooperation among the universities can further the development of Eurasian economies. This type of cooperation will universalize entrepreneurship and creativity based on an increased number of scientific research and innovation in agriculture, industry and service sectors. Developing R&amp;D and innovation cooperation, utilizing the application opportunities, initiating common projects would also contribute to the internationalization and recognition of the universities. The Eurasian economies can increase their GDP and the level of welfare using their existing natural resources and the increasingly qualified human resources. The R&amp;D and innovation activities of the universities will give them the leading role for producing qualified human resource and visionary leaders. This study discusses the opportunities for R&amp;D and innovation cooperation among the potential universities in Turkey, Kazakhstan, Kyrgyzstan, Azerbaijan and Turkmenistan and the possible effects of such cooperation on the sustainable development. This research is a review of the possible sectors and the disciplines for R&amp;D and innovation cooperation in the universities of these countries. The study develops common objectives, policies and strategy suggestions for possible cooperation and the projects.

Supporting the Sustainable Development, R&D and Innovation Cooperation Among the Universities of Eurasian Countries