Today's management and production systems are no longer sustainable; let us think of climate change, garbage mountains or even the scarcity of energy resources. Therefore, in the last 10-15 years new (digital) business models have been developed that rely on innovation to increase the efficiency and competence of management. This is collectively called the Fourth Industrial Revolution, which is a combination of technologies and a trend that transforms the different disciplines, the economy, and the industrial functioning. The collaboration and combination of never-seen technologies appeared, web control completely took control of physical limitations and digitalization became an integral part of our daily lives. Industry 4.0 is a great opportunity, but it is also a big task. This focuses on the significant new potentials and opportunities linked to these technological advances. The birthplace of these developments and innovations is often a university, a research institute, or their cooperation. In this study, we will review the importance and role of innovation and Industry 4.0 and briefly present the University of Sopron. Furthermore, the innovation and Industry 4.0 research, which have already been completed and are still under way, their results, and the possibilities for implementation, will be presented.
Keywords: Higher education, Research and development, Innovation, Industry 4.0