This collaboration between local government, schools and community organisations is aimed at ensuring no young people fall through the cracks. But the contribution of universities is not confined to its educational role. The research and ideas that emanate from universities, by both staff and students, continue to be a major source of the new knowledge upon which the innovative economy will be built. The recent reports of the Chief Scientist and the Innovation Summit do address these issues and urgent attention to these issues is needed from all governments. A holistic strategy for the knowledge economy in Victoria is needed.
Public universities are primarily a public resource.
Our funding base may be increasingly diversified but our 'ownership' in terms of our establishing legislation remains public. I believe therefore that a key duty is to continue to contribute to the Australian economy and society. The 'entrepreneurial institutions' that emerged from the reforms of the 1990s and which were important to improving the flexibility, responsiveness and efficiency of both TAFE institutions and universities have to move on. A new model is emerging in those countries successfully engaging with the innovation agenda. That model is the 'innovative university', characterised by engagement with issues of concern, innovation and partnerships with a myriad of individuals and organisations throughout the community.