This book is a ready reference for understanding the concept of Collaborative Research (CR) and its practical applications. It takes a comprehensive view of the theoretical background of CR, the role of the three key players in CR-the Government, the Industry, and the Academia-and their interactions, and simultaneously, also provides practical advice to practitioners. The practical advice also looks into the way companies view CR, the reasons behind why companies are wary of entering into CR, why they decide not to get involved with CR despite its central role in the development of an organization, and the alternative actions. A distinguishing feature of this book is that it analyzes collaboration in terms of various research methods-Solitary Research, Research & Development (R&D) Consortia, and Research Joint Venture (RJV)-and explains the economic justification for the implementation of each of these.