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ACE II Launch - Breakout Session 2

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Presentation on theme: "ACE II Launch - Breakout Session 2"— Presentation transcript:

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

2 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

3 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)

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

5 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)

6 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

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

8 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

9 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

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