The purpose of this paper is to describe the phenomenon of recuperated factories in Argentine, i.e. Empresas Recuperadas por sus Trabajadores (ERT), especially for what concerns their relationship with the university and with local communities. ERT were born after the crisis that hit Argentine in 2001, and have become important players in their local communities, representing an example of resilience. We will answer the following research question: given the relationships between ERT, local communities and universities, what are their consequences in terms of innovative ways of creating and sharing knowledge? We propose an approach based on the following steps. First, we will review the literature on ERT and understand why they are an example of resilience. Secondly, we will describe the economic and political context that led to the emergence of ERT. Then, we will adopt a methodology based on descriptive case studies, each concerning a single ERT. The case design will investigate the relationship between ERT and (i) the local community (ii) universities, in terms of knowledge creation and knowledge sharing. This methodology puts in evidence the new emerging relationships between different actors in the Argentinian society, and it highlights how they influence the process of knowledge creation and dissemination, and how they contribute to innovate it. The outcome of the analysis identifies the importance of collaborative relationships and solidarity between the worker-managed factories, the local communities and the university. The neighbourhoods are key allies of ERT, which in turn provide the neighbourhood with affordable products, and open their spaces to the community. This open and collaborative relationship encourages the creation of knowledge, both in favour of the factory and of the community. The same happens with the university, whose interest in the phenomenon of ERT has led to a close relationship with them.