ACE II Launch - Breakout Session 2

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Presentation transcript:

ACE II Launch - Breakout Session 2 Experiences on investment in strategic academic & industrial partnerships – STEM II Tuesday, October 25, 2016

Challenges Top Challenges in pursuing National Partnerships Academia Lack of commitment Work load None adherence to commitment Loose MoU Industry Diverging interests Confidentiality/trust/ Reluctance on practical training

Challenges Top Challenges in pursuing Regional/International Partnerships Academia Institutional policies Communication Identifying and getting appropriate partners Industry Commanding commitment Inadequate participation in industrial training (Internship)

Challenges Top Challenges in pursuing National, Regional/International Partnerships Social Cultural differences Work ethics Dropouts/students’ abandoning studies

Establishing New Partnerships Marketing and branding of ACEs Use of diaspora Involving stakeholders in the development stages and implementation (Provide 3 concise key takeaways from your discussions that will inform your approach in engaging partners that have little or no experience in partnering with Academic institutions such as the ACEs)

Dos and Don’ts of Partnerships Do’s (List 2-3) Don’ts (List 2-3) Good communication Transparency Involvement in the early stage Be realistic Diplomacy Bureaucratic Selfish Over ambitious

Advantages & Disadvantages Synergy/compliment Sharing experiences and resources Sustainability Networking Disadvantages (2) Dominance/ Dependency Delayed decisions

Maximizing Advantages of Partnerships How to Maximize Advantages 1. Synergy/compliment Look at strength Look at opportunities 2. Sharing experiences and resources Continuous engagement Continuous involvement 3. Sustainability Sources of finance through innovation Achieving more goals

Minimizing Disadvantages of Partnerships How to Minimize Disadvantages 1. Dominance/ Dependency Adherence to rules and regulations as in MoU Harmonizing expectations 2. Delayed decisions Having good work plans in place Monitoring and evaluation Being strategic and proactive