Bemidji State University uses a particularly novel revenue-sharing agreement for all new professional master’s programs. The college keeps 80% of gross revenue, both to incentivize academic sponsors and cover program costs. Bemidji State allocates 14% to a central strategic fund, carves out an additional 4% for their extension unit to market the new program, and reinvests the remaining 2% in a seed fund for new programs.
This arrangement ensures the institution’s seed fund is self-replenishing. For every successful program, a percentage of revenue is permanently directed back into a seed fund to help launch more new programs.
Read the full expert perspective to learn more best practices for structuring seed funding
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