Europe is arguably in need of a more offensive approach towards theencouragement of entrepreneurship and research based product development.Several European initiatives have been initiated towards this aim, one ofwhich is the Knowledge and Innovation Communities (KICs); an initiativeultimately taken by the European Commission. The main purpose of the KICsis to foster innovation and commercialization in Europe by combining forcesof industry and university, much in line with the theory of the TripleHelix. This master’s thesis is a follow up report of a previously conductedRemotely Operated Vehicle (ROV) market analysis, which was a deliverable inthe OTS project; a KIC InnoEnergy initiated project, aiming towards productdevelopment within the ocean energy sector. The purpose of this thesis hasbeen to, on the one hand evaluate how such a multidisciplinary projectworks in practice, the consequences of its design and the coping of theseconsequences, and on the other hand to identify and map prerequisites for asituation regarding if, and how, the project should invite anotherparticipant from industry into a collaboration. Based on a qualitativeanalysis of seven interviews with representatives from both academia andindustry, the conclusions indicated that the structure and future of theOTS/ROV project is perceived as unclear, best remedied by strongermanagement, additional funding, and invitation of a new collaborator. Thedemands for such collaboration mainly include an explicit project plan fromthe external ROV supplier’s point of view, and the sharing of knowledge andequipment of the supplier from the internal members’ point of view.