University of Tasmania and TCCI sign historic agreement to support…

The University of Tasmania has signed a Memorandum of Understanding with the voice of business in Tasmania, the Tasmanian Chamber of Commerce and Industry, which will help support businesses around the State.

Executive Dean of the College of Business and Economics, Professor Stuart Crispin, said the partnership will bring significant benefits to students, businesses, and the community.

"This MoU brings the voice of industry closer to the university and connects us more deeply with what's happening within businesses and industry across the state," Professor Crispin said.

"Working closely with the TCCI creates greater awareness of what the university does within the business community, and in our community of staff and students, it creates a stronger understanding of the great things that are happening in the Tasmanian industry."

TCCI CEO, Michael Bailey, said the MoU means the University and the business community will work closely together.

"The University and the TCCI have always had very strong connections and this MoU ensures there will be more collaboration in the future," Mr Bailey said.

"The MoU ensure the business community has a strong voice when it comes to research, teaching and courses. We will also work with the University to ensure the business community is there to help when it's needed in areas like work placements for students."

"As part of the MoU, the TCCI and the University will also look to share facilities where possible so that the business community is embedded within each of the University campuses around the State."

University of Tasmania Vice-Chancellor Professor Rufus Black said Tasmanian businesses and industries operated in a competitive, rapidly evolving world.

"New and rapid advances in technology are transforming every business at a time they need to meet the challenges of skills shortages, inflationary pressures, and the climate transition," Professor Black said.

"The arrival of AI is just the latest trend that highlights how businesses are ever more about accessing the latest knowledge and the best skills to turn these challenges into opportunities.

"That is why the TCCI and the University are working in partnership to make sure we provide Tasmanian businesses with the knowledge and skills they need to be successful in an ever more competitive world."

Mr Bailey said that some of the key elements of the MoU include:

• More scholarly research and PhD projects directed towards issues affecting Tasmanian businesses;
• More jointly badged and funded industry and academic research;
• Better communication about the latest research to Tasmanian business leaders in a way that can help their business be more profitable and sustainable;
• More students getting to hear directly from Tasmanian business leaders and being able to work on real problems faced by Tasmanian businesses;
• More students accessing placements in Tasmanian workplaces during their course;
• More academics getting exposure to Tasmanian businesses and business leaders;
• Postgraduate, undergraduate and short courses being better informed by the needs of local businesses;
• More business leaders undertaking University programs and qualifications, such as the Executive MBA; and
• More employees in Tasmanian businesses undertaking qualifications tailored to their current and future employment.

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