Within the EU and its neighbouring Tempus partner countries, a clear need has risen for an overall societal and educational reform which will challenge existing thinking in higher education modules for the triangle of design, engineering and business. In order to effectively bridge the gaps within the knowledge triangle and support current efforts of industry to cope with global economic challenges there is a need to create tools and methods to establish a common framework and language between educators and students from different disciplines and to equip them with the skills and attributes needed to work in interdisciplinary environments and strengthen academy-industry collaboration in the domain of innovation. This willimprove student employability and strengthen the capacity of HEIs in meeting labour market demands for innovation.The IDEA proposal will emphasise the knowledge transfer as well as successful EU industry-academy collaborations into Israeli HEIs by theoretical and practical means aiming to create a sustainable industry-academy relationship within Israeli HEIs.