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Alliance Funding Principles

Please note that these broad principles guide decision-making by panels considering applications for Alliance support, along with specific selection criteria outlined for each Alliance scheme

1. Strategic value

Particularly identifying synergy between the two universities. The combined activities of the institutions produce possibilities well beyond what the institutions could do individually.

2. Alignment

For education and research programs there should be alignment with (and potentially influence upon) the strategic intentions of the relevant areas (as agreed by the Deans at Monash and the relevant PVC at Warwick) and the institutions overall.

3. Transformational potential

The activity supported will be agreed to be able to meet a threshold such as securing major grants or impact potential in research; reaching significant new markets or brand impact in education; or providing an innovative contribution to improving student experience at both institutions. Ideally, it will have potential to do much more.

4. Innovative approaches

International collaboration in higher education is common, alliances that leverage the diverse assets of broad-based universities is less so. Innovative approaches are characterised by their new ways of accessing or combining knowledge and resources to achieve a goal more effectively.

5. Shared commitment and benefits

A threshold requirement of any Alliance funded initiative is the anticipation of benefits to both institution. These need not be symmetrical in every case, however, there must be an evident shared commitment to the aims of the project and a nominated ‘owner’ at each end for any proposition to be considered.

6. Potential for external investment

The prospects for the activity to secure external investment from government, industry or other partners. This principle will be applied in proportion to the level of internal support requested.