The Chairman of the Governing Council of the Dominion University College (DUC), Professor Felix Nikoi Hammond, has advised management of tertiary institutions to conduct researches that will attract investment.
He said considering the difficult economic environment which had impacted the finances of universities, there was the need for them to come out with brilliant ideas that investors would patronise.
“Across the world there is no university that survives on tuition fees. They go into marketable research that people will pay for, and as well raise funding from external agencies that are ready to back the kind of ideas they (universities) have,” he said.
“Universities are supposed to be producing ideas that attract investment, and I urge our universities to look at these areas to survive,” Professor Hammond said at the 6th graduation ceremony of the University held on Saturday in Accra.
In all a total of 118 graduands received various Bachelor’s Degrees, with 10 being awarded first class.
He suggested that universities going through financial crisis should as well consider merging with other universities to stay in business.
Professor Hammond said the DUC was setting up an artificial intelligence centre with funding from its international partners, as the university could not only depend on tuition fee.
He explained that the centre when completed would champion product and research development that were marketable to enable the universities to get more grants.
Dr Kirill Mostav, founder of Scaanz, an international organisation with expertise in artificial intelligence application, added that one of the surest ways in tackling unemployment was to afford students the opportunities to address problems.
BY BERNARD BENGHAN
