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Income Generation Model-One More Innovative Approach for the VET Sector Modernization PDF Print E-mail

ImageUNDP Vocational Education and Training (VET) Project, in line with activities aimed at modernization of the VET system in Armenia, extends also its support to the financial capacity building of the VET institutions by development of comprehensive Income Generation (IG) Model highlighting key “start up” considerations for VET colleges to generate additional resources. The Model was developed in late 2009 and approved in 2010 by RoA Ministry of Education and Science as an additional tool to facilitate income generating activities of the VET institutions based on the examples of 12 pilot VET colleges as “good practice cases”. An international expert Jorn Nielsen, with the support of two local experts on public finance and VET system, developed the Model.

IG Model frameworks and principles guide the process of income generation, set the common challenges and way to overcome them, identify important management and governance considerations associated with income generation activities and provide overview of good practices that can be replicated on the national level.

 

UNDP VET Project has conducted a two-day workshop on 3-4 March 2010 during which the international expert has leaded the workshop for more than 50 participants from 22 VET establishments, including College Principals and Financial Managers, RoA Ministry of Education and Science, as well as from National Center for VET and has prepared the national stakeholders for the practical application of the IG Model’s basic concepts based on a number of group practices and assignments.

“With the support of UNDP VET Project our colleges will have a deeper insight on this topic and will be able to address the issue of income generation much more broadly and professionally which is in fact one of the main prerequisites for the VET schools’ sustainable development,” stressed in his welcoming speech Ms. Robert Abrahamyan, Advisor to the RoA Minister of Education and Science.

“This is a unique opportunity for all of us to meet with such a professional as Mr. Nielsen and get acquainted with practical application of the Model in perfectly structured and comprehensive way. We are sure the Model will become a guidebook for all of us who are wishing to develop VET schools under the conditions of market economy highlighting modern ways of extra income generation,” said Ms. Khachanush Sargsyan, Yeghegnadzor State College Principal.

 

 
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