Efficiency Assessment of University-Industry Collaboration

Today, in addition to teaching and research roles, universities are one of major drivers of economic development and technological progress in society. To propagate technological innovation and industrial development, to implement output of academic research in practice universities should be in close cooperation with industry. University-industry collaborations have various benefits both for universities and industry. Universities gain additional funds for academic research, apply academic knowledge to industry; industry benefits from skilled human resources, new applications, and technological advances. Since university-industry collaborations have great mutual benefits for all partners, it is important to administer these operations effectively. Therefore, it is central to develop some efficiency indicators and efficiency measurement methods so that productive projects can be selected and funded more. This study aims to outline a framework on determinants of university-industry collaboration efficiency and construct a benchmark model to evaluate it using data envelopment analysis.

Human Capacity Building Through University-Industry Collaboration

The reality in the digital age is that knowledge is perishable, which suggests the need for continuous updates of skills, knowledge, and competency framework for sustainable development. Human capacity building through university-industry collaborative efforts is fundamental for sustainable development. This chapter examines capacity building through university-industry collaboration strategies for sustainable development in the digital age. A desktop research approach was adopted to investigate the influence of human capacity building through university-industry collaboration on sustainable economic growth and development in recent times. This chapter holds that a synergy between conventional and corporate universities is fundamental for skills updates, as well as advancing research and development in the digital age. Therefore, human capacity building through university and industry collaboration is essential in developing green talent and providing green opportunities for sustainable development.

The Critical Success Factors in Higher Education

This study reviews some of the prominent ranking systems with a view to shed more light on what may constitute a critical success factor in the field of higher education. In the first part, the ranking systems are reviewed and the key principles are explained. A brief description of how institutions use ranking information is also included. In the second part of the study, the subject of internationalization in the context of ranking systems is discussed. The main challenges of competitiveness in higher education and the increasing role of internationalization are expressed. The chapter also describes threats and opportunities for the future of higher education. This section also includes suggestions for higher education administrators. In the third part, the subject of ranking with particular focus on the university-industry collaboration and its effects on the future of higher education are discussed. The role of the industry and the changing mission of the universities in the new era are explained.

A Ranking Framework for Higher Education Institutions

The use of league tables and rankings (LTRs) as a tool to rank or measure the performance of higher education institutions (HEIs) has grown in popularity. Research indicates that these ranking criteria are often discussed from the standpoint of governments, the HEI management, and the ranking institutions producing these LTR publications. The opinions of the students on the suitable ranking criteria used by ranking institutions are generally omitted. This chapter investigates the applicable criteria for ranking HEIs in South Africa, from the perspective of students. A survey was conducted to determine the most relevant university ranking criteria considered by university students. The results indicate that the students perceive resources and infrastructure, accreditation, international orientation, research output, faculty quality, and teaching and learning as the most relevant criteria for ranking HEIs. Managerial recommendations are provided for HEIs to address the ranking criteria rated important by students.

Collaboration Between Industries and Higher Education Institutions

In a year, nearly two million students pass out form higher educational institutes in India, of which the number of directly employable students is much less. There is a colossal vacuum created between industry and institutes with fourth industrial revolution picking up pace in India. HEIs need to cope with the digital skillsets required of their students. In this chapter, the authors have put together different strategies that can help fill these gaps. Many institutes have led from the front by implemented path braking methods that are giving the expected outcome. Practices that are followed and one that should be followed by institutions have been discussed. A view of how government, non-government, industrial, and educational entities in India work together to bring about Education 4.0 is explored.

New Features of Higher Education Competitiveness in Terms of University-Industry Collaboration

Nowadays, the competition in higher education is now changing shape. The collaboration between higher education institutions and the industry is increasingly perceived as the primary vehicle to enhance innovation through knowledge exchange. Accordingly, this study presents that university-industry collaboration positively affects countries' competitiveness through their higher education competitiveness. For this purpose, this study used the values of university-industry collaboration in R&D of the top 20 economies from the Global Competitiveness Index 4.0 report and the world university rankings as proxies for the university-industry collaboration and higher education competitiveness, respectively. This study's findings support the view that university-industry collaboration has a positive impact on higher education competitiveness and countries' competitiveness at the end.

Leadership. Personality. Education

The challenges of today's rapidly changing environment are tremendous. Almost every organization has new tasks; some must even completely modify their strategy or business model. In most cases, these processes are accompanied by the implementation of innovations. To achieve important innovations that are suitable to change our world for the better, the cooperation between academia and industry must be enhanced. A dual education model is suggested, as knowledge and competencies are mainly delivered by institutions of higher education, but the implementation of new ideas occurs most often in organizations. Besides the generation of new ideas, a successful realization may be challenging. Therefore, leadership is necessary. Taken together, a contemporary educational program should focus on innovation development and leadership competencies. Based on a literature review, the current situation is analyzed, and a summary of the educational requirements is given. Finally, a newly developed study program—the Diploma of Performance and Leadership—is presented.

Global University Rankings in European Higher Education Policy and Practice

This chapter explores the impact of global university rankings on the development and implementation of institutional and national policies and practices in the two countries forming the European Higher Education Area. More precisely, it focuses on Slovenia and the Netherlands which are rarely in the focus of comparative higher education research. Initially, it discusses the landscape of eight selected global rankings in terms of key indicators they use and criticisms to which they are subjected. Afterwards, it investigates global (and national) rankings in the framework of institutional and national policies, strategies, and practices of each country case. In the continuation, it places the obtained results into the comparative perspective and concludes by highlighting that university rankings frequently support vertical diversity within and between (Slovenian and Dutch) higher education systems and, as such, disregard the complexity of particular disciplinary, institutional and national contexts.

The System of Innovation With the Case of USA

Science, technology, and innovation (STI) are directly linked with prosperity in today's global, competitive, fast-paced, and knowledge-based economy as they are not critical for the industrial development only, but also have a direct impact on the living standards. Therefore, a properly functioning innovation system is the key to permanent progress, from the perspective of both economic growth and development. This chapter lays out the national system of innovation (NSI) approach and accentuates the role of the government within that regard. As an example for a successful model, the U.S. innovation ecosystem is examined with an historical background both from the public policy perspective and at the institutional level through practical applications, particularly within the concept of university-industry collaboration. Also in the light of today's swiftly growing digital technology and global competition, the system of innovation is revisited to make assessments for future sustainability.

University-Industry Collaboration With a Focus on Venture Capital Investments

Today, many countries are searching for financing alternatives which may contribute to the development of an economy. Funds provided by venture capitals may be considered as a vital funding source especially for start-ups. In particular, venture capital investments may enhance the available financing alternatives used to finance innovative business ideas. Policies supporting the capital market development may also boost innovative business ideas since the developed capital markets may attract higher amounts of venture capital investments. Hence, it seems possible that policies supporting innovative business ideas may contribute to this goal by supporting the development of the capital markets. This chapter aims to explain business models, financing alternatives, and exit strategies; give information about venture capital investments in Europe; propose a conceptual model for an improved university-industry collaboration via capital market development; and finally, empirically investigate the causal association between venture capital investments and capital market development.