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Several Partnerships for Excellence have been set up by the Crown to enable the New Zealand government to make significant new investments – matched by investment from relevant industry group – in the public tertiary education sector. The aim is to benefit business and industry, and improve outcomes for people, organizations, and communities by increasing knowledge and its application.
One of these Partnerships is the Equine PfX. This official partnering of equine industry groups and government utilises the capabilities of Massey University and many other partners inside and outside New Zealand to assist in improving the equine industry’s future progress. The initiative aims to expand learning and research capabilities across the industry, and thereby encourage more skilled people within the industry to help it improve efficiency and solve problems.
The Foundation manages/invests the $5 million (PfX monies supplied by the government). The income from this investment, less an adjustment for inflation, will be available each year to the trustees of The Equine Trust to invest in research and education projects. The Foundation is also responsible for auditing disbursements by The Equine Trust. Money coming from industry partners (such as the New Zealand Racing Board) pass through the Foundation are held in a separate (non-invested) account where they are dispersed to set projects that have been agreed between the Equine Trust Board and the industry partner.
The Equine Trust Board will recommend and report to the Massey University Foundation Board (through the Massey University Foundation Board member that is on the New Zealand Equine Trust Board) the funding projects that will assist the achievement of the research and teaching outcomes of the Partnership for Excellence.
Tertiary Education Commission policy requires that the partnering must produce improvements that are sustained and not brief, are reached through learning that is research-led, and that would not have occurred had it not been for the government initiative and the partners’ investment.
To achieve these requirements, the Partnership therefore is concentrating on:
The requirements will be met if more people can identify problems, understand the science required to mitigate them, work together to reach science solutions, and then be receptive to spreading that knowledge across the industry.
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Last updated on Tuesday 13 December 2016