http://dx.doi.org/10.14261/postit/5F1BA34B-4057-418E-96A87AD8B9F13A54In 2015 and 2016, Saxion University of Applied Sciences organized the 2nd and 3rd edition of the Regional Innovation and Entrepreneurship Conference (RIEC).Throughout Europe universities are opening up more and more to society, as part of the ideas of a "third mission of universities" suggested by Etzkowitz & Leydesdorff in their triple helix model. Part of this is the increasing attention for university – business relations and the emergence of more and more practical student business projects. Whereas the effects of such projects on the learning results of students are well researched, the effects of such projects on the companies appears to be under researched and fuzzy. This article is a case study about measuring the results of a yearly recurring international university – business student cooperation project. The project consists of students working together in international teams to solve a business problem for a company. This article provides a methodology and an attempt to measure the impact of such projects on companies