Collaboration between industry and academia supports improvement and innovation in industry and helps to ensure industrial relevance in academic research. This paper presents an exploratory study of factors for successful collaboration between industry and academia. A survey was designed for data collection and was firstly conducted in Sweden then replicated in Australia. The context for the two studies is different thus forming a starting point for potential generalizations in the future. From the two studies we conclude that the industrial side of collaboration is the key element for successful collaboration, with key factors being "Buy in and support from company management" and "Champion at company". Context-specific factors were also identified based on differences in the context between the two studies. These findings may help industry and academia to set up successful collaborative ventures.

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