Update: I presented a keynote on this topic at the CSER meeting last October in Toronto. In that talk I summarized the panel discussion for those that could not be at ICSE. The slides from this talk are posted on slideshare: http://www.slideshare.net/mastorey/research-industry-panel-review.
The panel we organized at ICSE 2011 was a great success. There was apparently standing room only at the back of the room, so the topic clearly struck a chord with ICSE attendees.
The presenters each had a unique perspective to offer with very useful advice for graduate students and professors engaging in industrially relevant research.
Some of the presenters’ slides with some comments on the panel by Dr. Jorge Aranda are available here:
The introductory slides for the panel are available here: http://www.slideshare.net/mastorey/icse-2011-research-industry-panel-8784035