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Universities and industry have been collaborating for over a century, but the rise of a global knowledge economy has intensified the need for strategic partnerships that go beyond the traditional funding of discrete research projects.In this article, we look at the strategic benefits that can be captured from the right partnership and what the key lessons in making the partnership work.
Financial sustainability is oneof the key challenges for universities today, in a volatile economic climatewhere funding is being cut and student enrolment is falling. Universities canensure sustainability by adapting effective business models and maintaining ahealthy degree of diversity in their funding structure. In this article, welook at what universities presidents are doing.