Partnerships and collaborations are very important for any college or institution from the perspective of gaining the reputation, rankings, and accreditations necessary to run an educational institution.

Partnerships and tie-ups also help you to achieve the trust and maintain credibility of the institution, along with it opens a window of opportunities for the students by allowing them the means to gain global exposure during the course of education.

In this blog we tell you why and how these collaborations, Mous, and other tie-ups help any institution.

International collaborations and their importance :

International collaborations are not just important for the universities but also for the students. These collaborations help them understand the cross culture differences; the difference in the education system enriches the quality of education and also helps you understand its importance.

These opportunities open a window of growth opportunities for the students, by allowing them to explore beyond boundaries, the areas of research also increase. International collaborations are also accompanied by a cultural awareness that comes with each project the student participates in. These projects will help you develop important life skills like team building, leadership and tolerance.

Besides this collaboration also helps the institution in curriculum building, the courses are designed keeping various parameters in mind. Making the course more comprehensive and rich, adhering to the international standards of learning.

Industry Partnerships and their benefits :

Partnering with companies and businesses gives universities access to more resources to fund their research and diversify their research areas. They can also receive industry feedback and guidance on their inventions, helping them to improve further. 

Industry partnerships also allow universities to expose their students to real-life industry jobs and problems they might face in the outside world.

Students turning into full-time employees in tie-up companies may serve as an effective PR tool for the institution. High placement numbers can be used to entice prospective future students and possible corporate partners.

Lastly, partnering with companies allows universities to conduct networking events which are extremely important for student’s career prospects.

How does MoUs benefit the Universities?

The Memorandum of Understanding (MoUs) serves as a written agreement of mutually agreed principles, done to guide academic and research activities between the two institutions. The benefits you get through MoUs are :

1. enables both undergraduate and graduate student exchange programmes, both short- and long-term.
2. enables communication between academic and administrative employees for seminars, conferences, teaching, and research objectives.
3. enables collaboration on research projects, activities, and contact details.
4. enables the sharing of academic knowledge and materials.

In addition to the advantages already outlined, MoUs offer a number of additional academic advantages to both teachers and students.

Conclusion :

Collaborations between academia and industry go hand in hand. Collaborations with industries give students exposure to the business world and help them build the essential skills they’ll need outside of the classroom to ace interviews and compete in the real world.

Industries mostly seek out these partnerships with schools and universities because they recognise how crucial it is to spend money on finding and employing the best individuals for the job.

University research is used by the industry and transformed into products and services. On the other hand, business looks to academia for solutions to its issues. They want the educational institutions to alter their curricula so that graduates have skill sets that are suitable for the demands of the labour market. New research issues that are significant for both academia and industry are frequently generated as a result of the interaction between the two.