The emerging European higher education area will benefit from synergies created with the European research area, thereby strengthening the basis of Europe of knowledge. Industry, research and research training are viewed as an important and integral part of higher education, relevant to technological, social and cultural evaluation and the needs of society. The two areas should enhance the roles of industry, research and innovation to improve professional competence, develop engineering and managerial education and forefront interdisciplinary and trans-disciplinary knowledge and skills. Professional education, knowledge and qualification are varying throughout the different industrial sectors with types of production and kinds of business – B2C or B2B for small and large enterprises and countries and regions.