There is a perceived disconnect between how ad hoc industry solutions and academic research solutions in cyber security are developed and applied. Why is that? Is there a difference in philosophy in how solutions to cyber security problems are developed by industry and by academia? What could academia and industry do to bridge this gap and speed up the development and use of effective cybersecurity solutions? This position paper provides an overview of the most critical gaps and solutions identified by an interdisciplinary expert exchange on the topic. The discussion was held in the form of the webinar "Bridging the Bubbles: Connecting Academia and Industry in Cybersecurity Research" in November 2022 as part of the Rogers Cybersecure Catalyst webinar series. Panelists included researchers from academia and industry as well as experts from industry and business development. The key findings and recommendations of this exchange are supported by the relevant scientific literature on the topic within this paper. Different approaches and time frames in development and lifecycle management, challenges in knowledge transfer and communication as well as heterogeneous metrics for success in projects are examples of the evaluated subject areas.