A healthy industry is of crucial importance to the well being of a nation. Recently, new technology has caused tangible changes in the modern market by creating continuous needs and demands for skills and technologies in various fields. The educational system is a major component in the provision of the skilful workforce in a society. However, the recent unprecedented rate of industrial expansion has resulted in new industries experiencing recruitment difficulties. It is felt that these issues can be addressed by establishing reliable collaboration between industry and third level educational systems to fulfill the needs using less resources.