My experience is that this works best when the participants are smaller units of the University-Business-State partners. For example, the College of Veterinary Medicine within the university, the Department of Health within the state and a boat-builders company might partner to evaluate how boat design and boat propeller design affect water quality and fish health in the state's lakes. This is a highly-focused project that is of interest to he parties. If projects become to broad, then too many potential participants want a piece of the action, and therefore such projects are often destined to fail. Matching money or effort from each participating party is critical for success.