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Funded projects include 15 semester grants for students undertaking exchange in China, Hong Kong, Japan, and Singapore. Photo credit: SNEHIT / Shutterstock.com

Funded projects include 15 semester grants for students undertaking exchange in China, Hong Kong, Japan, and Singapore. Photo credit: SNEHIT / Shutterstock.com

CBE Awarded $198,000 in New Colombo Plan (NCP)

6 September 2016

The ANU College of Business and Economics (CBE) has been awarded $AU198,000 in the latest round of funding from the New Colombo Plan (NCP) Mobility Program, a signature initiative of the Australian government which aims to improve understanding of the Indo-Pacific region among Australians.

The College received 35 individual grants in total across five projects, which will support Australian undergraduates to study and undertake internships in the region in 2017.

“We are extremely grateful to the NCP for their support,” said CBE Director of Engaged Learning, Dr Vinh Lu. “The grants will allow the College to extend our real-world immersion further in the Indo-Pacific region, enhancing learning experiences for our students and building what are sure to be long-lasting relationships between industry and future business leaders in the region.”

Commencing in 2017, the funded projects include 15 semester grants for students undertaking exchange in China, Hong Kong, Japan, and Singapore. These students will also be offered internship opportunities to develop their professional skills in real business environments with key industry partners including National Australia Bank (NAB), QBE Insurance, and CompareGlobalGroup. The internship placements will be in major business hubs such as Bangkok, Hong Kong, Kuala Lumpur, Mumbai, Shanghai, Singapore, and Tokyo.

Jan Hopkins, Associate Director of Government, Education and Community Business at NAB said, “As a leading Australian bank in the Indo-Pacific region, NAB is committed to supporting the NCP and we are delighted to continue and expand our involvement with ANU into 2017 with NCP semester exchange grants and internships in our Singapore, Mumbai, Hong Kong, Shanghai and Tokyo offices.  ANU, the NCP students and NAB all reap the benefits of this mutually exciting and rewarding experience.”

David Fried, CEO of Emerging Markets at QBE Insurance said, “We took in our first NCP intern in 2015 and have had the opportunity to serve as a real-world classroom for several more NCP students since in various offices in Asia Pacific. From our perspective it has been a very worthwhile programme and partnership. The students are gaining valuable cross-cultural business experience and in addition to contributing to the development of future business leaders, QBE is benefiting from their energy, ideas and enthusiasm.”

“We are very much looking forward to this new partnership with the ANU College of Business and Economics on the NCP initiative," said Pierre-Emmanuel Jan, Director of Operations, Startech Asia at CompareGlobalGroup. "As a still young but quickly growing company, our people are our strongest asset, and being able to regularly attract and train future team members is key to our continued success.”

The College also receives 20 short-term grants for students partaking in the Global Business Immersion course in Semester 1, 2017. In this course, students will complete a two-week trip to Beijing and learn about ‘Doing Business in China’, including site visits to leading enterprises such as Hanergy Holding Group and Dayu Water Group. The trip will be led by Associate Professor Lin Cui and Associate Professor Kathy Walsh.

Associate Dean for Education in the CBE, Dr Bronwen Whiting, said, “This is a fabulous opportunity for students to travel internationally, and to develop their understanding of the challenges unique to businesses in Beijing, as well as the potential for collaboration between Chinese and Australian businesses. For students to have access to these grants means that monetary pressures won’t be a reason for not taking advantage of this opportunity. Through the NCP Mobility Program, it is wonderful to be able to offer these grants and this travel opportunity to our students."

Updated:   2 March 2017 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team