The Visegrad University Association (VUA) was established to link partner universities in order to provide quality education and scientific environment and to promote development of closer cooperation among the Visegrad group as well as cooperating regions. The VUA provides opportunities for a great interaction between the 45 member institutions in academic and research activities. Universities have got a major role to accelerate the economic development of regions. The knowledge exchange among VUA members can also be an asset for regional development.