Monash University recognised at Business/Higher Education Round Table Awards
Two of Monash University’s highly successful collaborations with industry were recently recognised at the Business/Higher Education Round Table Awards. The Institute of Railway Technology received the Best Research & Development Collaboration award, while the Monash Industry Team Initiative (MITI) received both the Best Higher Education & Training Collaboration award and the overall Outstanding Excellence in Collaboration award.
“It’s a terrific honour for MITI to receive these awards,” said Madeleine McManus, Director of MITI & Director Industry Engagement at Monash University’s Faculty of Engineering and Faculty of Information Technology. “MITI is a great program, which offers real, measurable benefits to both the students and the organisations they engage with. We’re especially pleased that our industry team initiative, which is the first program of its kind in Australia, is receiving awards within 12 months of being established. It’s a great acknowledgement to both our Australian and international industry partners, who have already grown to 36 teams for this summer (2015/2016), and the talented, multidisciplinary student teams who come from every faculty at Monash University” she added.
Monash University has a strong track record of working with industry, business, government, and the community sector to find innovative solutions to the problems of the present and the future. Ms McManus went on to explain that the university recognises the importance of building strong and mutually beneficial relationships with external partners, because such partnerships enhance research capabilities, build a shared knowledge base, create solutions and deliver a pipeline of talented students.
It was partly this commitment to partnerships that lead to the development of the Monash Industry Team Initiative (MITI). MITI is a unique, cross-disciplinary program which recruits teams of up to four students from across the university to solve real-world problems with leading Australian and international industry partners. The students are supported by scholarship over the summer break, gaining invaluable exposure to learning opportunities and practical experience, while the benefits for employers include access to innovative solutions and the chance to tap into what one employer called ‘a very robust and comprehensive screening process’.
The Institute of Railway Technology (IRT) has a long history of collaborating with industry. In fact, the IRT is the largest institute at Monash University that is fully funded by private industry, having extensive, collaborative relationships with more than 130 railway industry entities. The award conferred by the Business/Higher Education Round Table was for the IRT’s state of the art Instrumented Revenue Vehicle project, a collaboration with Rio Tinto, Fortescue Metals Group and Australian Rail Track Corporation.
The Business/Higher Education Round Table is a national body governed by leaders from the university and business sectors, whose primary goal is to strengthen ties between business and higher education.