Projects & Funds - Funding


Research Fund
Traditionally institutions of higher learning are the engines of economic development (World Bank, 2007) hence as a learning entity we are duty bound to provide necessary support to our community and play a critical role toward the attainment of national agenda goals. It is our view that the current world order requires that we prioritize research for development as a country if we are to prosper in a fast changing and competitive global knowledge economy. We are therefore proposing the setting up of a research fund which will act as a feeder into national agenda socio-economic discourse thus providing much needed guidance in policy development and business management. In addition, efforts should be made to lobby government to provide a significant research budget to institutions of higher learning which will go a long way in stimulating innovation and new application development.

Endowment Fund
The University in 2011 established an Endowment Fund thereby laying the foundation for a long term self sustaining funding mechanism. The Fund is currently held at CBZ. Fund proceeds will be channelled towards priority projects as recommended by the Fund Management Advisory Committee.

Direct Donations:

Direct cash or in kind donations (Scholarships and specific projects)

Percentage of Alumni Revenue:
A percentage of funds realized from Alumni Revenue Generating Activities (ARGA).

Percentage of Royalties (Technology Transfer)
Percentage derived from funds generated from commercialization activities  

Investment Interest
Interest from fund investments, thus high earning vehicles must be identified.

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