The IDEAS project will primarily focus on collaboration in science and high technology domains with a special focus on the thematic fields Innovation, Computer Enginering, Financial Engineering, and Environmental Science. It will be implemented through the following main activities: • Focus on innovation and entrepreneurship in cooperation with Asian universities for facilitating easier and better technology transfer as well as creation of start-up companies. • Exchange and dissemination of the experiences and good practices for curriculum development, teaching methods, international relations and university management that EU Universities have developed according to the Bologna recommendations. • Improve the transparency and recognition of studies and qualifications; by giving explicit attention to the further use of ECTS credit system and Diploma Supplement mechanism of Europe, and its derivate UCTS and ACTS, both currently being implemented in some countries/regions in Asia. • Enable parts of the Bachelor, Master and PhD study programs in thematic study areas at partner universities, through the exchange of academic staff and students. • Enhance and implement quality assurance of the new study programs at partner universities, by using existing tools such as ENQA framework for quality assurance. • Update of local curricula and exchanging of teaching modules. • Joint development of curriculum and delivery of few courses in pilot projects. • Initiate joint research activities in the chosen thematic areas, with a purpose of joint development of high-quality and innovative research proposals relevant to the regions. • Organize annual consortium meetings at EU partner universities to monitor and reassess the progress of the project, witch special emphasis how find structures to prevent brain drain. • Implement partnership agreements with equal rights and obligations for all partners. • Share good practices between project members concerning development of partnerships with the wider community and surrounding society, including sponsorship and fundraising. • Provide equal opportunities for all students, with respect to gender, sex, race, religion and disabilities. • Provide possibility for students to acquaint themselves with the language of the host country. • Disseminate the findings and successes of this partnership within the European and the Asian universities.