The aim of this research is to explore how knowledge is shared from a participant’s perspective within a collaborative project in university-industry collaborations in Australian IT-related faculties. A case study using the three parts of Nonaka’s theory of knowledge creation was carried out. Semi-structured interviews, participant observation, and document analysis were conducted for data collection to study the ways in which researchers and industry representatives within these partnerships share information and knowledge. The findings showed that based on the continuum of tacit and explicit knowledge, there are five knowledge-sharing mechanisms including reactive, articulate, sequential, accumulate, and transfer in this socio-technical collaborative project. Researchers and industry representatives experienced a variety of challenges during these mechanisms such as language failure, different work routines, different organisational cultures, and difficulty in tele-communication, mutual understanding, working hours and research aims. Also, further drivers for these mechanisms are identified, such as interest in research, mutual benefit, and partner’s needs.