Public funding for higher education globally has almost certainly peaked as budget repair becomes widespread. The escape valve of endlessly increasing international student fee revenue might be closed permanently in Australia.. Overoptimistic policies to replace lost revenue with the proceeds of research commercialisation will do little to resolve it.
Professor Aleks Subic, now vice-chancellor of Aston University in the UK, talked about the importance of collaboration with industry for universities to remain current. They also need to stave off the threat of companies developing their own education offerings. The importance of “bringing the outside in” was central to how he saw the unique role universities held as a catalyst and major driver for innovation.
Globally commercialisation of IP amounts to a maximum of 5 per cent of total income for universities. He sees new revenue coming from educating the workforce of tomorrow. By directing attention to the 90 per cent of businesses in Australia which are SMEs and what they need in terms of skills and research can position universities for success, Zelinksy says.
Universities should not have a business model. They should have an education model. To see Universities and schools as businesses shows how rotten the Australian education system is
the future is online. unis are simply brands.
unis are too dependent on foreign students First from China then they start recruiting students from dirt poor countries like Nepal Srilanka n India