Type of industrial technology linkage involving at least one public or nonprofit organization such as a university, research institute, or government laboratory; such a partnership may engage in technology codevelopment or cooperative R&D, technology transfer, technology assistance, joint or grant funding, or public procurement and may take the form of a cooperative agreement, grant or procurement programs, professional or student internship or exchange, technology-based business incubator, or research and science parks.
a venture entered into jointly by a government and non-government entity, generally as a means for organizing the financing and/or management structure for available for public use or the public good. definition of public-private joint venture defined definition of public-private partnership defined