Abstract
TCS (the Teaching Company Scheme) provides a mechanism whereby a programme of work can be undertaken jointly between industrial and academic partners by a TCS Associate. The main objective is that benefits will accrue to all three primary stakeholders; the company, the Associate and the higher education institution. The advantages to the company and the Associate from participating in such a collaborative venture are readily identifiable and this paper sets out to discuss what benefits can be obtained from the university's point of view, and how these may be maximized. The paper looks at the impact of TCS programmes on both undergraduate and postgraduate courses, research activities and research assessment, staff development and new course generation and validation. In addition, grant budgets are discussed and financial benefits to the university identified. Finally, it is emphasized that a major outcome of a TCS programme is that it creates a communication path between industry, government agencies and academic institutions. Without such ongoing dialogue, collaboration cannot take place.
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