Regional Open Innovation Campus (ROIC) ROIC_e-book | Page 11

BENEFITS Internationalization of partner universities The Universities will gain an opportunity to recruit international students for a high-quality academic program, competitive on the international market. The involvement of international faculty hired by ROIC will also contribute to internationalization and will attract more regional and international prospective students. Access to contemporary lab equipment Partner institutions of Academia will gain an access to state-of-the-art research facilities that ROIC has. Improvement of the quality of education by creating top notch scientific departments and disciplines Having ROIC as a home for University departments, recruiting international professors, and creating new curriculums for each, ROIC will contribute to improving the quality of higher education. This will become a benefit for partner universities, as they will utilize the best knowledge base of ROIC having world-class professors, labs, and curriculum. Financial benefits Partnering Universities will receive tuition fees from local students applying to the selected departments while cutting their expenses on faculty salaries, laboratory staff, and other specialists, as well as free access to world-class lab equipment provided by ROIC, which the Universities would otherwise be unable to afford. They will also receive a significant part of tuition fees paid by International students. STATS 50 mln endownment 10 faculties 50 professors