Page 19 - UNAM Strategic Plan 2019-2024
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STRATEGIC PLAN 2019 - 2024 19
the core values of UNAM; therefore, UNAM will 5.2.2 Improve research and innovation
strive to provide detailed disclosure to relevant productive capacity
bodies. The institution commits to providing a proper UNAM undertakes to upgrade and improve
account of its financial position, performance, and the University’s facilities, laboratories and
shareholder relations, and an uncompromising equipment in order to incubate and develop
commitment to adhere to all business ethics and
values. promising new research, enterprising
and innovative ideas, and 21st-century
technologies required by the economies of
5.1.5 Improve financial management the 4th industrial revolution. It is expected
The University will improve financial that doing so will contribute positively to
management by maintaining healthy translational research, innovation and
finances, streamlining processes through the enterprise development outcomes.
introduction of cost-saving measures wherever
necessary, and ensuring achievement of on- 5.2.3 Increase funding for research and
time and unqualified financial statements. innovation
To this end, UNAM will follow accepted
financial administrative and management UNAM will make additional budgetary provisions,
best practices that will enable the institution and endeavours to increase successful grant
to function within budgetary constraints and proposals and applications. Furthermore, it
ensure financing of critical operations, projects commits to increasing funds for promoting
and programmes. the research and innovation outputs that
are expected of a leading higher education
5.2 TRANSLATIONAL RESEARCH, INNOVATION institution in the country.
AND ENTERPRISE DEVELOPMENT
5.3 EDUCATION AND GRADUATE
To maximise the benefits of the 4th industrial EMPLOYABILITY
revolution and to address 21st-century
challenges, UNAM commits to translating With its multi-campus system, the University will
research and innovation into enterprise. UNAM continue to provide equitable access to higher
aims to transform into a research-based, education. Accordingly, the University will strive
translational and innovative university that to achieve internal efficiency by analysing
applies best practices in the development of the relationship between input (enrolment,
enterprise. programmes, etc.) and output (graduation,
products, etc.), by instituting measures to
The expected strategic outcome of this theme manage enrolment, reduce student repetition,
is university research and innovation directed to increase graduation, improve academic
address 21st-century challenges that maximise programming and manage enrolment planning,
the benefits of the 4th industrial revolution in the based on the resources, facilities and physical
context of Namibia. This theme has the following space that are available. Efforts will be made
three strategic objectives. to address challenges related to education and
student employability.
5.2.1 Commercialise research and
innovation outputs The University will make every effort to increase
New and enterprising ideas and commercial stakeholder and customer engagement in
opportunities for research and innovation will project and programme development, and to
be identified and developed, and incentives increase student participation in the workplace
will be introduced to foster entrepreneurship. to enhance employability after graduation.
The commercialisation of University research
and innovation outputs and intellectual The expected strategic outcome for this theme
property, such as patents and copyrights, is that UNAM will continue to provide quality
will be developed and marketed as quality education and simultaneously increase graduate
products and sold for profit to increase third- employability. This theme has the following three
stream income. strategic objectives.
