Twenty five Hinrich Global Trade Leader Scholars start life-changing education and skills development journey
HONG KONG, Oct. 3, 2015 – The non-profit Hinrich Foundation has awarded 14 scholarships for academic year 2015 and continues its support for 11 scholars who return to study this fall. Every scholarship includes full tuition and living support, extended internships and a trade related job upon graduation.
VF Corp (NYSE: VFC) and Global Sources continue their participation in the Hinrich Global Trade Leader Development Program. New partners this year are several adidas (ADS.DE) supplier companies: Pou Chen Myanmar, Shyang Jhuo Yue, Meng
Da Footwear Industrial and Can Sports Shoes. Also joining the talent development program is Hong Kong-based Dehres, a maker and exporter of bespoke diamond jewelry.
Scholars come from India, Nepal, Bangladesh, Myanmar, Laos, Cambodia, Vietnam, The Philippines, China and the US. They are studying at:
- Hong Kong SAR: Hong Kong Baptist University, Chinese University of Hong Kong and Hong Kong Polytechnic University;
- China Mainland: Tsinghua University;
- Philippines: University of the Philippines at Los Baños;
- UK: Manchester Metropolitan University;
- Vietnam: Vietnamese-German University, and;
- Israel: Tel Aviv University
- All scholarships follow a work-integrated learning education and skills development model.
Better outcomes anticipated from work-integrated learning
After a scholar’s initial semesters, they will undertake an internship of between six and 12 months, then return to complete their degree before starting work.
“Our scholarship program is focused on talent develop for the trade sector,” said Hinrich Foundation Program Director, Alex Boome. “Our intention with the study-work-study structure is to best prepare graduates to add value to companies right when they start work. This will, of course, also help scholars with career advancement and leadership development.”
Research conducted by the Hinrich Foundation shows that, overall, most analysis and expert opinion see work integrated learning as an effective method for producing more work-ready graduates and narrowing the skills gap. In particular, there is a substantial and growing body of research that examines this approach in terms of graduate employability and learning outcomes. Most studies note measurable benefits.
Employers too, acknowledge the value of this approach. adidas’ Van Nguyen, Director, LO Strategy, Operations in Vietnam, said that during extended internship between studies: “students will have chance to experience the real working environment in our suppliers” production facilities, implement what they have learnt and appreciate many other aspects in real working conditions to ensure knowledge and skills are linked.
“This is also special way to motivate scholars as they have sense of achievement by learning and practicing, and a great chance to be closer to their sponsoring companies, building strong relationship at an early stage.”
Inviting new partners for academic year 2016
“We invite like-minded trade companies to partner with us to develop talent for their firms through our Hinrich Global Trade Leader Development Program,” Boome said.
“While our partners will want to be deeply engaged in the student selection and the career process, the Hinrich Foundation team manages recruitment, scholarship logistics, university relations and reporting. We are essentially offering a turnkey scholarship solution to companies – and co-funding the scholarship.”
Hinrich Global Trade Leader Scholarships – useful links
About the Hinrich Foundation
The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:
- Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
- Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
- International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.
– Ends –