The link between the university and the industry is probably the most effective tool that is of mutual benefit to both parties for achieving a common goal. The university on one side can play a vital role in applying its knowledge & skills ininnovation and in solving problems of value to the industry enabling such activities to relate more realistically to the needs of the industry and also to use the outcomes in the teaching programme. The industry on the other side could benefit from the knowledge & skills of the university in order to maintain their competitive edge in the business world. The university-industry linkage would implicitly reflect most needed financial gains to both parties.