Higher education institutions (HEIs) play a critical role in our societies. They provide the high-level skills needed for the modern economy, assist talented young people to transition into employment, generate and disseminate knowledge and innovation, and work together with business, government and civil society to promote economic and social development. However, to reach their full potential, HEIs must constantly improve their organisational approaches, research activities, teaching methods and external engagement practices. Priorities include integrating new teaching methods into the curriculum, developing educational approaches to stimulate entrepreneurial mind sets, providing support to start-up entrepreneurs, strengthening knowledge exchange and innovation collaboration with business, and taking a more international approach to HEI activities. This report examines how to strengthen HEI strategies and practices and government supporting frameworks in this light.