Changes

The next idea is a practical way to distribute money in the university for student working groups. How money is handled at universities working groups, which are fully organized by students is less transparent and most of the spent time in these working groups is are used to organize money.

The idea behind a fair transparent system is to create a money pot which can only be used by the student working groups. This application process are is 3 steps, which are handled once a year to dispense the money between the working groups.

Every working group can access this money if there are students that support their idea and participate at in the application process.

The money pool for this year is defined. This means that each working group knows how much money is available this year. With this approach , the head of money can still control how much money is used for working groups in general. It shows transparency for the complete university.

=== Step 3: Presentation of each applicant what the money is used for[[Fileforhttp:Prototyp AG money//universityinnovation.org/images/4/46/Prototyp_AG_money.JPG]]<br/> ===

Now after everyone knows how much money is available, each working group prepares a pitch deck like a start up startup pitch, where each team presents what they want to do with their money. The jury consists of each participating team itself, that means students, and not the administration itself. Each team must rate each other team how much of the money, they applied, should be granted. In the end , the mean value is used. One important aspect behind it is, if your team values good teams badbadly, there is a negative feedback such that your working group gets less money.

With a system like that , we have the opportunity to value the projects that are important for the students and not for the head of the university. Or different faculties where the money currently comes from.   === Strategic Priorities:<br/> === '''[1] Transparency''' – Showing of what resources are used for what  '''[2] ''''''<span class="tag_trans">[[Entrepreneurship]]</span>''' – Students learn effective pitching their ideas  '''[3] ''''''Acknowledgment '''– Acknowledgment for different student projects  '''[4] Increased Popularity'''– The announcement increases popularity for every student working group