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International Experience in Developing the Financial Resources of Universities.

Bibliographic Details
Main Author: AI-Youbi, Abdulrahman Obaid.
Other Authors: Zahed, Adnan Hamza Mohammad., Atalar, Abdullah.
Format: eBook
Language:English
Published: Cham : Springer International Publishing AG, 2021.
Edition:1st ed.
Subjects:
Electronic books.
Online Access:Click to View
Table of Contents:
  • Intro
  • Introduction
  • References
  • Contents
  • Editors and Contributors
  • 1 King Abdulaziz University Approach to Develop Financial Resources
  • 1 Introduction
  • 2 The Current Status of KAU, Its Financial Resources, and Its Need for Other Resources
  • 3 Investment Management in KAU
  • 4 General Administration for Self Resources
  • 5 The Deanship of Community Services and Continuing Education
  • 6 Research and Consulting Institute (RACI)
  • 6.1 Scientific Chairs
  • 6.2 Central Laboratories
  • 6.3 Contractual Researches
  • 6.4 Consultations
  • 6.5 Educational, Academic and Training Supervision
  • 6.6 Expertise Houses
  • 7 KAU Research Endowment Fund
  • 8 Wadi Jeddah Company
  • 8.1 Wadi Jeddah Ventures Fund
  • 8.2 Manarat Al-Maarifa
  • 8.3 Kindasa Water Services Project
  • 8.4 The Molecular Imaging Company, I-ONE
  • 8.5 Montalqat Advanced Company for Communication and Information Technology
  • 8.6 Clinical Research Organization (CRO)
  • 8.7 Knowledge Medical Village Company
  • 8.8 Saudi Alliance for Development of Education and Training-Safea
  • 8.9 Jeddah International Academy
  • 8.10 Jeddah Advanced Driving School
  • 8.11 SAFEA Knowledge Institute for Training
  • 9 Research Excellence Centers
  • 10 Center of Creativity and Entrepreneurship
  • 10.1 Business Incubators
  • 10.2 Business Accelerators
  • 11 Knowledge Economy and Technology Transfer Center
  • 12 Technology Transfer by Marketing the University Research Outputs and Patents
  • 13 Future Projects
  • 14 Post-Coronavirus Pandemic University Funding
  • 15 Conclusion
  • References
  • 2 Monetizing and Growing the Assets of Higher Education Institutions
  • 1 Introduction
  • 2 Higher Education Institutions as Economic Entities
  • 2.1 Assets-What They Consist of
  • 2.2 Monetizing Assets-What Organizations Do with Their Assets.
  • 2.3 Tracking Asset Monetization-Financial Reports and Their Limits
  • 3 The Six Asset Monetization Tactics of Higher Education Institutions
  • 3.1 "Wringing Out" Resources to Invest: Liquidation, Cost Reduction, and Efficiency Promotion
  • 3.1.1 Cost Reductions to Balance the Budget
  • 3.1.2 Costs Incurred as Well as Costs Saved by Economizing
  • 3.1.3 Future Look: Closer Ties to Investments and More "Routine" Cost Controls
  • 3.2 "Borrowing" Resources to Invest: Acquiring and Restructuring Debt
  • 3.2.1 Borrowing to Survive Versus Borrowing to Thrive
  • 3.2.2 Future Look: Making Debt a Part of More Complex Transactions
  • 3.3 "Trading" Resources to Invest: Joint Ventures and Public Private Partnerships
  • 3.3.1 Trading to Enhance HEI Value
  • 3.3.2 The Role of Incentives in Long Term Trades
  • 3.3.3 Future Look: Moving Toward Core Academic Assets
  • 3.4 "Soliciting" Resources to Invest: Gifts, Grants, Endowments
  • 3.4.1 The Cost of "Free Money"
  • 3.4.2 Potential Donors as HEI Assets
  • 3.4.3 Gifts to Endowments Versus Current Operations
  • 3.4.4 Future Look: New Competitors, New Business Models, Old Uses
  • 3.5 "Selling" Monetized Assets: Course, Degrees, Research
  • 3.5.1 Limits to Selling Mainstream Services
  • 3.5.2 After Selling, Collecting
  • 3.5.3 Capturing the Market Value of Faculty Research
  • 3.5.4 Future Look: Micro-analytics for Pricing Macro-services
  • 3.6 "Creating" Monetized Assets: New Businesses, Programs, Services
  • 3.6.1 Innovations Big and Small, Core and Non-core, Easy and Difficult
  • 3.6.2 The Special Case of Monetizing Faculty Research
  • 3.6.3 Future Look: Monetizing Innovation to Include Faculty
  • 3.7 Conclusion and Discussion: Process Versus Purpose in a New Environment
  • References
  • 3 Making Choices: Matching Sustainable Funding with Strategic Priorities in Higher Education
  • 1 Introduction.
  • 2 Existing Funding Models for Most Common Types of Universities
  • 2.1 Incremental Funding
  • 2.2 Zero-Based Funding
  • 2.3 De-Centralized Funding
  • 2.4 Activity-Based Funding
  • 2.5 Performance-Based Funding
  • 2.6 Centralized Funding
  • 3 Budget Model for a Growing Modern University
  • 3.1 Principles of the Model
  • 3.1 Principles of the Model
  • 4 Strategic Objectives and Plan for Research Intensive Universities
  • 4.1 Building with Your Community
  • 4.2 Implementation of Plan
  • 4.3 Empowering Academic and Non-academic Units
  • 5 Aligning University's Key Differentiators with External Funding Sources
  • 5.1 Aligning Priorities Between Partners
  • 5.2 Entrepreneurship, Commercialization, and Intellectual Property
  • 5.3 Importance of External Funding Sources
  • 6 Making Choices in the Time of COVID-19
  • 6.1 Internal Models During COVID-19
  • 6.2 External Funding for Research During COVID-19
  • 7 Conclusion
  • References
  • 4 The Constant Search for New Sustainable Funding Sources for Public Universities
  • Abstract
  • 1 Introduction
  • 2 The Role of a University Leader
  • 3 International Variations in the Funding of "Public" Universities
  • 4 Lessons for Universities Elsewhere in the World
  • 5 Alternative Sources of Income
  • 5.1 Philanthropy
  • 5.2 Industry/Business
  • 5.3 Commercialisation of Research
  • 5.4 Digital Technologies and Future Horizons
  • 6 Conclusions
  • References
  • 5 Public Universities, in Search of Enhanced Funding
  • 1 Introduction: Public or Private
  • 1.1 Developments World-Wide in Public Versus Private
  • 1.2 Some Figures on Private Versus Public
  • 2 Funding Matters
  • 2.1 Research Funding Matters for Innovation
  • 2.2 Education Funding Matters for Economic Growth
  • 2.3 Budgets Matter
  • 2.4 Why is University Education Not Becoming Cheaper?
  • 3 Resource Acquisition
  • 3.1 Potential Sources: Government.
  • 3.1.1 Government Funding for Education
  • 3.1.2 Government Funding for Research
  • 3.2 Limits to Acquisition: Mission and Money
  • 4 Endowments and Gifts
  • 5 Tuition Fees and Access
  • 5.1 International Students as a Source of Income
  • 5.2 Selling Education
  • 6 Income from Research Alliances, Patents and from Start-ups
  • 7 Post COVID 19 and University Resources
  • 8 Conclusions
  • References
  • 6 The Importance of Fundraising and Endowments: The Role of Private Philanthropy
  • 1 Introduction
  • 2 How Philanthropy is Done: Why Would Individuals Donate?
  • 2.1 Pay It Forward
  • 2.2 Make an Impact
  • 2.3 Generate a Legacy
  • 2.4 Create a Tax Benefit
  • 3 The Mechanics of Philanthropy
  • 3.1 Annual Giving
  • 3.2 Capital Campaigns
  • 3.3 The Fundraisers
  • 3.4 The Forms of Revenue
  • 4 How Resources Are Used
  • 5 The Strengths, Weaknesses, and Dangers of Fundraising
  • 5.1 Strengths of Fundraising
  • 5.2 Weaknesses and Dangers of Fundraising
  • 5.2.1 Donor Influence
  • 5.2.2 Strategic Direction
  • 5.2.3 Unforeseen Fiscal Costs
  • 5.2.4 Institutional Beliefs
  • 6 Conclusions
  • References
  • 7 Share the Mission: Philanthropy and Engagement for Universities
  • 1 Introduction
  • 2 Philosophy of Giving
  • 3 Covid Disruption and Donation
  • 4 Taxing Effects
  • 5 The Magic of Matching
  • 6 The Donation Pyramid
  • 7 University as Family
  • 8 Alumni Value
  • 9 Uneasy Engagement
  • 10 Conclusion
  • References
  • 8 Technology Transfer and Commercialization as a Source for New Revenue Generation for Higher Education Institutions and for Local Economies
  • 1 Introduction
  • 2 The Business of Technology Transfer
  • 2.1 What Exactly is Technology Transfer
  • 2.2 The Regulatory Framework for Technology Transfer
  • 2.2.1 The Bayh-Dole Act (U.S.)
  • 2.2.2 Other Countries with Legislation Similar to the Bayh-Dole Act.
  • 2.3 Protecting and Managing Technology Innovation and Investment
  • 2.3.1 What is a Patent?
  • 2.3.2 What is a Trademark or Service Mark?
  • 2.3.3 What is a Copyright?
  • 2.4 Summary
  • 3 The Potential of Tech Transfer for Universities
  • 3.1 The Impact of University-Based Tech Transfer
  • 3.2 Technology Transfer Across Industries
  • 3.2.1 Types of Technology Transfer
  • 3.2.2 Identifying Market Opportunity
  • 3.3 Mechanisms for Translating New IP Into Products for The Market: 1980 to Now
  • 3.3.1 New Systems and Technologies
  • 3.3.2 Financial Need
  • 3.3.3 Investment
  • 3.3.4 Laws and Policies
  • 3.3.5 Government Programs
  • 3.4 Summary
  • 4 Tech Transfer on Campus-From Licensing to Entrepreneurship
  • 4.1 The Entrepreneurial Ecosystem
  • 4.1.1 Discovery
  • 4.1.2 Enablement
  • 4.1.3 Economic Development
  • 4.2 Developing a System of Tech Transfer in a University: Fueling the 'Discovery Engine'
  • 4.2.1 Cultural Balance
  • 4.2.2 Support for Collaborations and Partnerships
  • 4.2.3 Financial Incentives
  • Develop Incentive Plans Carefully and Fairly
  • Be Transparent
  • Incentivize Individuals and Teams
  • One Size Does Not Fit All
  • You Get What You Incentivize
  • 4.2.4 Supportive Physical Environment
  • 4.2.5 Business Infrastructure
  • Material Transfer Agreements (MTAs)
  • Confidentiality Agreements (CDAs)
  • Data Use Agreements (DUAs)
  • Invention Disclosures (IDs)
  • 4.2.6 Establishing Technology Transfer Offices (TTOs)
  • 4.3 Summary
  • 5 Bridging the Gap Between Innovation and Commercialization
  • 5.1 Fueling the 'Enablement Engine'
  • 5.1.1 Novelty Search
  • 5.1.2 Filing the Application
  • 5.1.3 Examination
  • 5.1.4 Office Actions
  • 5.1.5 Issuance, Appeal, Abandonment
  • 5.2 Mechanisms for Disseminating and Commercializing Technology and IP-Fueling the 'Economic Development' Engine
  • 5.2.1 Market Assessment.
  • 5.2.2 Intellectual Property (IP) Summary.

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