Partner with academia. Partner with startups. Partner with clients, suppliers, and unrelated businesses. These are all suggested business strategies for developing incredible innovations. But no matter what entity is chosen, partnerships and collaborations need structure and clearcut agreement on complex areas such as sharing of Intellectual Property (IP). Structure and IP are the two main areas that determine the success or failure of new forms of partnerships and collaborations, while creating a strong relationship must be accompanied with accountability and flexibility. Whether partnering with a university or business, a fine balance must be established and nurtured, as the work of....