This document discusses governing and managing collaborative applied research and development (R&D). It outlines three levels of collaboration - communication, coordination, and co-investment. It also describes three governance options for collaborative R&D - full co-investment, coordination, and communication. The full co-investment model involves pooled resources and integrated management, while the communication model keeps resources separate. Key aspects of governance include clarifying expectations, articulating the value of collaboration, setting decision-making processes, and using program management agreements and research contracts. Scoping research questions, understanding end-user contexts, and clarifying knowledge needs are also important strategies.