National Cheng Kung University 12th in global ranking for securing business funding.

The China Post news staff

The National Cheng Kung University ranks No. 12 globally in terms of its ability to secure business funding, according to a study published by The Times Higher Education (THE). The new ranking lists the top 20 universities worldwide by the private sector investment received to fund research and innovation. Cheng Kung University received US$182,100 per academic staff member from private companies, according to the THE. Taiwan also performs well as a country, with its universities securing an average of US$93,000 of investment per academic staff member, placing it seventh in the league table. Taiwan’s success is reflected in its position in THE’s Top 800 World University Rankings, where 24 universities were in the top 800. Phil Baty, the editor of the THE World University Rankings, said Taiwan is a strong performer in the Funding for Innovation Ranking. Private sector investment is a crucial indicator of a university’s ability to fund research and innovation in a highly competitive global marketplace. It is no longer good enough to describe a university’s interactions with business as its “third mission” behind teaching and research, Baty said. In today’s highly competitive global marketplace, strong links to industry are essential to a university’s success: they help bolster vital revenues; they ensure institutions are not too dependent on state funding and the instability and political micro-management that often comes with that, the editor said. Also, they place the university at the heart of a nation’s economic development, innovating and developing new technologies and services; and perhaps most importantly, they help ensure that students are properly equipped for successful careers. The top five institutions in the world for attracting investment are LMU Munich with US$392,800 per academic staff member in first place, followed by Duke University with US$287,100, the Korea Advanced Institute of Science and Technology (KAIST) in third with US$254,700 per academic staff member. Johns Hopkins University in the USA in fourth securing US$249,900 and Anadolu University in Turkey in joint fifth with the Netherlands’ Wageningen University and Research Center at US$242,500 per academic staff member each. Asia performs well in the Funding for Innovation ranking with seven universities in the top 20 – China (4), Korea (2), and Taiwan (1).

Europe is the dominant region with nine universities in the top 20 — Germany (2), Turkey (2), the Netherlands (2), Sweden (2), Belgium (1), and Switzerland (1). The USA is perhaps the surprise underperformer with only two institutions in the top 20, albeit with both in the top five — Duke University (2nd) and John Hopkins University (4th). Times Higher Education is the world’s most authoritative source of information about higher education. Designed specifically for professional people working in higher education and research, THE was founded in 1971 and has been online since 1995. It is published by TES Global.