Software engineering researchers and their industrial counterparts have emphasized that research is essential for innovation. In practice, rather than ending up in a win-win situation, most of the times both the parties lose because of differences in expectations between the two sides. In this report, we briefly summarize the key insights from 1st International Workshop on Software Engineering Research and Industrial Practices (SER&IPs 2014) co-located with 36th International Conference on Software Engineering (ICSE 2014). The core lesson that stems out of this workshop is a definite need to have multiple approaches to deal with software engineering research-industrial practices partnership. Specifically, the workshop presented two keynotes: one from an industrial researcher explaining the need for academic expertise and an academic researcher on how their research added value to industry. An invited seminar unveiled short-term and long-term funding opportunities followed by a list of presentations from peerreviewed submissions from both software engineering research and industry partners. Finally, the workshop ended with group discussions, brainstorming of potential topics that can lead to fruitful collaboration between software engineering researchers and industrial practitioners. A major lesson from the workshop is the choice of a topic that fosters a win-win situation for both parties in short-term and long-term collaborations.
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