The taxonomic research undertaken by Museum’s plays a pivotal role in underpinning the study of biodiversity, yet the sector is struggling to remain appropriately resourced in the midst of a global biodiversity crisis. Despite its central importance, the discipline of taxonomy faces systemic challenges, including reduced funding, declining specialist positions, ageing expertise, and limited training pathways for early‑career scientists. These pressures are occurring precisely when the demand for taxonomic knowledge is increasing, driven by biodiversity loss, an increase in invasive species, and the need for historical baseline data to support conservation and sustainable development goals. Thinking outside the box, the Science team at the WA Museum has moved beyond traditional funding models by engaging with industry partners as a means of attracting alternative revenue streams. We describe a 30-year partnership with Woodside Energy that has delivered significant scientific outputs, demonstrating that industry does support fundamental taxonomic research that focuses on discovery, describing and classifying unknown organisms and mapping of biodiversity patterns both historical and contemporary. This support not only translates into the production of leading science but provides multiple outlets for public outreach. This little recognised aspect of industry collaborations can be seen as a social compact which benefits all.