The establishment of the Industrial research fund (IOF) was an initiative of the Flemish government. The main goals of this fund are aimed at the valorization of the university knowledge in the form of community and/or commercial applications. The Flemish government budgeted a large amount to be used by the Flemish universities to make a substantial contribution to this goal. The budget are distributed among the universities on the basis of several parameters related to valorization for instance industrial projects, EU-projects, spin-offs, patents, doctoral dissertation.