Monday, September 30, 2013

News the HP Doesn't Cover: Joint Chinese-Technion Program

Today's BDSfail:
The richest man in Asia is giving $130 million to the Technion to build a research center in China. Li Ka Shing, estimated to be worth some $31 billion – and, according to Forbes, the world’s eighth-richest man – is funding the joint project between the Technion and Shantou University, located in Guangdong Province.
The new center, to be called the Technion Guangdong Institute of Technology (TGIT), will be located on its own 330,000 square meter campus to be built by the local government, while the Li Ka Shing Foundation (LKSF) will fund projects and programs at the new center. LKSF is the main funding arm for Shantou, providing nearly all of the school’s HK$6 billion endowment. The $130 million gift for the joint Technion-Shantou project, meanwhile, constitutes the largest gift ever to the Technion, and one of the largest to any Israeli school.
TGIT will begin offering undergraduate programs in civil and environmental engineering and computer sciences in the academic year beginning in November. Next year, the new joint project will conduct life sciences research using “Big Data” analysis to tackle medical and social issues, including improvements in clinical diagnosis procedures. By 2020, the institute will offer courses in other engineering-related fields, from mechanical to aerospace engineering.The roots of the partnership go back to 2011, when LKSF officials visited the Technion, followed by a reciprocal visit to China by Technion President Dr. Peretz Lavie. Speaking Sunday at a ceremony in Tel Aviv in which a memorandum of understanding for the joint project was signed, Lavie described the partnership as “a major breakthrough and an opportunity to strengthen ties between Israel and China.“When you combine the innovation and entrepreneurial spirit of Israel with the unbelievable scale of China, you have a great partnership,” he said.  “We hope that by combining our research methodologies with the scale and resources of China, we will create a major research institute that will help not only China and Israel, but also mankind in general.”

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