Institutional theory posits that organizations are in a reciprocal relationship within their environment, and in this sense, organizations are both shaped by their environment and reconstruct the existing environment with their actions. In an environment where actors mutually and reciprocally influence each other, there are substantial literature studies showing that the institutional effects may be an important factor for determining interfirm collaborations. However, the literature on institutional explanations for the establishment or non-formation of collaborations between university and industry in such environmental settings is relatively limited. In that regard, we employ institutional approach as a conceptual basis for the understanding of the processes of university- industry interactions. In our conceptual study, we aim to extend the institutional perspective by focusing on interorganizational collaborations in terms of university industry collective interactions where the actors mutually concerned with the normative, coercive, and mimetic pressures. We introduce the concept of institutional resilience to Triple Helix Model to propose some new research avenues.