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This paper scrutinizes cooperation projects between universities and companies. The well-functioning links between universities and companies and knowledge transfer in supporting the economic growth are becoming increasingly more important. One link between universities and companies by means of which the knowledge transfer can take place is cooperation projects. The formation of the cooperation projects and objectives of the stakeholders as well as possibilities to clarify these objectives in order to promote and facilitate the cooperation projects are discussed in the paper. As an example, the concept and process of formation of cooperation projects of Innovation and Business Centre MEKTORY of Tallinn University of Technology are described.

Cooperation projects between university and companies: process of formation and objectives of the stakeholders