Extrabudgetary Funding and Institutional Relationships between Higher Education,Industry, and Social Partners |
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| Authors: | PETER SCHULTE |
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| Abstract: | Close co-operation between higher education institutions and industry is the best instrument for the application of research and the use of R&D outcomes in economic processes. It is the basis for the development of new products, techniques, and services. Such co-operation helps to develop the economy and society, and, therefore, to enhance structural change in regions in which higher education institutions are located. At the same time, any income earned through this process (third-party funds) for a higher education institution means that the institutional budget provided by the state can be used to meet additional challenges. A second result deriving from this form of co-operation is higher quality teaching and learning at the given higher education institution, as well as the development of innovative course programmes for undergraduate, postgraduate, and continuing education. |
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