Partnering with industry is also a key way in which UBC serves the people of British Columbia, Canada, and the world, and generates financial, economic, academic and societal benefits for local and global communities.

Benefits for UBC's research partners include:

• Accessing faculty expertise
• Accessing specialty equipment and facilities
• Obtaining a window on the future
• Accessing high quality personnel: undergraduates, graduates, and post-docs as potential employees
• Contracting out routine work on a fee-for-service basis
• Leveraging internal research capacity
• Aiding in the renewal and expansion of a company's technology

 Benefits for UBC researchers from engaging in industry-sponsored research include:

• Accessing challenging and vexing problems
• Financial support of research program - both direct and matching funds
• Valuable educational opportunities for students
• Increased employment opportunities for students
• Access to industry facilities, personnel and data sets
• Additional income through honoraria and the potential for royalties