The Technion-Israel Institute of Technology and Shantou University have landed a Chinese donor to establish a joint academic facility in China.
The Technion Guangdong Institute of Technology is sponsored by the Li Ka-shing Foundation, which is giving $130 million for the institute, which is to focus on research and innovation in science, engineering and life sciences.
Ka-shing spoke at Sunday’s ceremony in Tel Aviv to formalize the memorandum of understanding for the establishment of the technology institute.
The project represents a new level of cooperation between the People’s Government of Guangdong Province and Shantou Municipal Government, the Technion, and Shantou University, the foundation and the Technion announced in their joint press release published Sunday morning.
The $130 million grant is the largest ever to the Technion specifically and Israeli higher education in general. It will be allocated for strengthening the Technion’s home campus in Haifa, for the benefit of its students and researchers and for enabling the Technion to fulfill its leading role in the new joint institute in China.
Read more at Haaretz.com.