May 02, 2008 // Franchising.com // Bartercard Australia has entered into a unique scholarship agreement with Bond University on the Gold Coast to support the educational ambitions of Bartercard's members, franchisees and staff.
With a potential value of almost $500,000, the arrangement will allow for up to twelve half scholarships to be offered over a two-year period to Year 12 students whose parents are associated with Bartercard Australia as business members and their staff, Bartercard franchisees and their staff or Bartercard Australia's own staff.
Six of the scholarships will be made available in 2009 and another six in 2010 for any undergraduate degree programs at Bond University, with the exception of Medicine. Under the arrangement, Bartercard Australia will pay for half of the tuition fees to help with the cost of undertaking an undergraduate degree.
Students who apply for the scholarships will be assessed based on their academic achievement, proven leadership ability and personal character, and must meet the academic standards required for their program of choice.
"This new scholarship arrangement with Bond University is a reflection of our commitment to assisting the extended Bartercard 'family'," said Bartercard Australia's Managing Director, Trevor Dietz.
"Most of our network members are small and medium-sized businesses where initiative, innovation and loyalty play a vital role.
"Through this unique arrangement, we are fostering those attributes in the next generation of business managers by giving them the opportunity to study at Australia's leading private university whose graduates are clearly distinguished in the global workplace for their leadership skills and entrepreneurial flair."
Vice-Chancellor and President of Bond University, Professor Robert Stable acknowledged Bartercard Australia's innovation and motivation in presenting this unique concept.
"These scholarships represent a wonderful opportunity for Bartercard Australia's associates to access our world renowned undergraduate degree programs," said Professor Stable.
"It is also particularly satisfying to establish this partnership with a fellow Gold Coast business that, like Bond University, has built an international reputation.
"Together, Bond University and Bartercard Australia have developed a unique arrangement to foster our future business leaders and we look forward to working with Bartercard on the implementation of this landmark program."
Applications for the undergraduate scholarships will close on July 31. For further information on the application procedure, go to www.bartercard.com.au and click on the Bond University link.
In addition to the twelve undergraduate scholarships, Bartercard will also assist in marketing four placements in Bond University's prestigious Executive Master of Business Administration (EMBA) program. Bond University will accept half of the EMBA course fees paid in Trade Dollars.
Bond's EMBA program is designed for experienced executives seeking higher level management skills and qualifications. Two of the Bartercard Australia EMBA placements will be offered in 2008 and a further two in 2009.
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Bartercard was founded in 1991 on the Gold Coast, Queensland, and has grown to become the world's largest barter exchange, with operations in 12 countries in Europe, Asia and the Middle East.
Bartercard assists more than 30,000 small-to-medium businesses in Australia and New Zealand (55,000 around the world) to trade their goods and services – without spending cash or the challenge of a direct swap.
Although the concept of barter is thousands of years old, bartering through Bartercard is an innovative way of combining modern Internet technology, a network of businesses and direct and indirect marketing channels to increase a business' customer base, sales and profit, and improve cashflow.
Bartercard Australia was bought back from Bartercard International and put back into the hands of Australian owners with a management buy out in August 2007. It is now 99.5 per cent Australian owned with almost three quarters of its share base in the hands of Chief Executive Trevor Dietz, Chairman Murray d'Almeida, and Executive Director of Sales and Marketing and co-founder Brian Hall. The remainder is held by an Australian private equity consortium.
Bond University is Australia's leading private, not-for-profit university, created in the scholarly traditions of the world's pre-eminent private educational institutions.
Located on a 66-hectare campus on Queensland's Gold Coast, it offers a wide range of innovative undergraduate and postgraduate courses through the Faculties of:
From the outset, the University's founders determined that Bond would present a very different approach to education; enhancing the learning experience by attracting a teaching faculty of internationally-recognised academics and offering small classes where students would benefit from the one-on-one mentorship of their professors and tutors.
Bond students also gain a clear advantage by having access to the very latest state-of-the-art facilities which are constantly updated to reflect current workplace technologies.
Above all, Bond University is driven by its underlying ethos to offer its students much more than a degree qualification. Through its unique core curriculum and innovative programs, Bond challenges its students to be leaders and thinkers; taking them beyond the accepted definition of a university education to develop initiative, enterprise, ambition and a lifelong commitment to making a meaningful contribution in their field.
In the 2008 Good Universities Guide released in August 2007, Bond University achieved the highest rating of any university in Australia, scoring the maximum five star rating in a record ten key performance categories.