{"id":83865,"date":"2013-10-02T06:03:39","date_gmt":"2013-10-02T03:03:39","guid":{"rendered":"https:\/\/www.technion.ac.il\/blog\/technion-israel-institute-of-technology-comes-to-china-with-us130-million-from-li-ka-shing-foundation\/"},"modified":"2013-10-02T06:03:39","modified_gmt":"2013-10-02T03:03:39","slug":"technion-israel-institute-of-technology-comes-to-china-with-us130-million-from-li-ka-shing-foundation","status":"publish","type":"post","link":"https:\/\/www.technion.ac.il\/en\/blog\/technion-israel-institute-of-technology-comes-to-china-with-us130-million-from-li-ka-shing-foundation\/","title":{"rendered":"Technion \u2013 Israel Institute of Technology Comes to China With US$130 Million from Li Ka Shing Foundation"},"content":{"rendered":"

The gift is the largest ever to the Technion and one of the most generous in the history of Israeli higher education\"52\"<\/h2>\n
(Tel Aviv, 29 September 2013) A new era of research and innovation in science, engineering, and life sciences is opening in China with a joint venture between Israel\u2019s prestigious Technion \u2013 Israel Institute of Technology \u2013 and Shantou University (STU) to build a new academic facility in Guangdong Province.<\/div>\n

The Technion Guangdong Institute of Technology (TGIT) \u2013 sponsored by the Li Ka Shing Foundation (LKSF) with a US$130 million grant \u2013 will represent unprecedented cooperation between the People\u2019s Government of Guangdong Province and Shantou Municipal Government, Technion, and STU.\u00a0 Guangdong Province and Shantou Municipal Government will set aside RMB900 million (approximately US$147 million) to fund construction and initial operations, as well as 330,000 square metres for the campus to be located next to STU.<\/p>\n

The US$130 million grant from LKSF is the largest ever to the Technion and one of the most generous in the history of Israeli higher education. It will be allocated for strengthening the Technion’s home campus in Haifa, for the benefit of its students and researchers, to enable the Technion to fulfil its leading role in TGIT.<\/p>\n

Mr Li Ka-shing, Chairman of the LKSF, spoke at today\u2019s ceremony in Tel Aviv to formalise the memorandum of understanding for the establishment of TGIT.\u00a0 The agreement was signed by Technion President Professor Peretz Lavie and STU Provost Professor Gu Peihua, and will soon be brought for the approval of the Technion\u2019s and Chinese statutory authorities.<\/p>\n

TGIT will begin offering undergraduate programmes in civil and environmental engineering and computer sciences in the 2014 academic year.\u00a0 The establishment of an innovation centre, connecting industries in Guangdong with Israel\u2019s technological creativity, will bridge Israeli technology into China and promote joint research and innovation.\u00a0 The language of instruction at the TGIT will be in English and its faculty will be recruited from international researchers and scientists in universities around the world.<\/p>\n

Beginning in 2014, TGIT will join STU to conduct life sciences research based on Big Data to tackle the pressing social and livelihood issues like inadequate healthcare system and services, as well as improvements of clinical diagnosis procedures.<\/p>\n

By 2020, the institute will offer courses in other engineering-related fields, from mechanical to aerospace engineering.<\/p>\n

The partnership between Israel and LKSF began in 2011, with a visit from LKSF executives to Technion and a reciprocal visit of the Technion President Prof Lavie to the LKSF headquarters in Hong Kong.\u00a0 That visit to Israel also resulted in an investment from Mr Li\u2019s private venture capital company Horizons in Waze \u2013 a revolutionary GPS navigation technology. The profits from the recent sale of Waze to Google became part of the donation to Technion.<\/p>\n

\u201cIn a world of fluid boundaries, the transformative power of technology waves like a magic wand, bringing new models and opportunities to many frontiers and generating new solutions to entrenched problems,\u201d said Mr Li during today\u2019s signing ceremony. \u00a0\u201cBut we all know the wands are only as powerful as the wizards who use them, and the magic comes from the genius within. \u00a0Our responsibility is to invest in education to unlock that genius and enable the continuing realisation of human potential, building a society rich in knowledge and securing a sustainable quality of life for all.\u201d<\/p>\n

Professor Gu said Technion had shown the world what the future university should do in order to deliver values of regional, national and international significance.<\/p>\n

He said economies in Guangdong and China are undergoing structural changes, to which industrial and technological innovations were critical factors for success.<\/p>\n

\u201cWhat Technion has done to advance the Israeli economy through student and staff research and innovation is an example for Chinese universities to follow,\u201d Professor Gu said.\u00a0 \u201cIf many universities in Guangdong and China do the same as Technion has been doing in Israel, an innovation-based economy will emerge.\u201d<\/p>\n

Professor Gu forecast that in 10 years\u2019 time, TGIT will become the best technological school in Guangdong Province, and in 20 years, one of the best in China, with a number of new technologies and associated start-up companies being developed by TGIT\u2019s staff and students.<\/p>\n

In 30 years, TGIT will be recognised internationally for excellence in education and research, with special characteristics of technological innovation and entrepreneurship, and will have become the high-tech powerhouse in Guangdong Province, he predicted.<\/p>\n

Professor Lavie described the partnership as \u201ca major breakthrough and an opportunity to strengthen ties between Israel and China.\u201d<\/p>\n

\u201cWhen you combine the innovation and entrepreneurial spirit of Israel with the unbelievable scale of China, you have a great partnership,\u201d he said.\u00a0 \u201cWe 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.<\/p>\n

\u201cWe believe in globalisation.\u00a0 We believe that cross-cultural dialogues are essential.\u00a0 Opening up Technion and Shantou to these cultural dialogues is very important,\u201d Professor Lavie said.<\/p>\n

During the campus construction phase, the inaugural group of TGIT students will spend the first two years of studies at Technion in Israel, and will all come back to Shantou in their third year, in order to cultivate the culture of innovation locally.<\/p>\n

Founded in 1912, Technion has earned a global reputation for its pioneering work in nanotechnology, life sciences, stem cells, water management, sustainable energy, information technology, biotechnology, materials engineering, aerospace and industrial engineering.\u00a0 It is one of the top 100 universities worldwide, based on the prestigious Shanghai ranking, and one of the only 10 universities in the world that have built and launched satellites.\u00a0 Three Technion professors have won Nobel Prizes in the past nine years. A year ago, together with Cornell University, the Technion won an international competition to establish a research institute in the heart of New York.<\/p>\n

In the photo: Technion President Peretz Lavie and Shantou University Gu Peihua sign the agreement<\/strong><\/p>\n

\n

About the Li Ka Shing Foundation<\/strong><\/p>\n

The Li Ka Shing Foundation was established in 1980 by global entrepreneur and philanthropist Li Ka-shing. Mr. Li considers the Foundation to be his “third son” and has pledged one-third of his assets to it. To date, the Foundation has granted over HK$14.4 billion (US$1.86 billion) in charitable donations, approximately 90 per cent in support of education reform initiatives and medical services in Greater China region.<\/p>\n

The Foundation supports projects that promote social progress through expanding access to quality education and medical services and research, encouraging cultural diversity and community involvement.\u00a0 For more information, please visit:\u00a0 http:\/\/www.lksf.org<\/a>\u00a0.<\/p>\n

\n

About Shantou University<\/strong><\/p>\n

Established in 1981 in Guangdong Province in Southeast China, Shantou University is a university co-developed by the Ministry of Education, People\u2019s Government of the Guangdong Province, and the Li Ka Shing Foundation. It is a key comprehensive university under the \u201cProject 211\u201d program of Guangdong Province. Shantou University has 10 Schools and Colleges, five affiliated hospitals and 21 academic departments, offering 36 undergraduate programs, 84 Master\u2019s programs and 25 PhD programs. The University hosts a student population of 9,448 undergraduate and graduate students, nurturing over 70,000 talents for different industries and various organisations thus far. Shantou University is the only public university in the world that receives long-term funding from the Li Ka Shing Foundation, which has committed and donated more than HK$6 billion to the University to date.<\/p>\n

For more information, please visit: http:\/\/english.stu.edu.cn<\/a><\/p>\n

\n

About Technion<\/strong><\/p>\n

Israel\u2019s emergence as a world leader in high-tech can be largely credited to the Technion, a global leader in cutting-edge research, innovation and entrepreneurship. Three Technion scientists have won Nobel Prizes in the past decade, and Technion researchers have made countless contributions to science, technology and medicine. Technion\u2019s highly-trained graduates are the engine that drives Israel\u2019s \u201cStart-up Nation\u201d economy. Technion\u2019s powerful synergy with the tech sector in Israel has created an ecosystem of technological innovation, attracting numerous international tech giants such as Google, Apple and Microsoft, and inspiring hundreds of start-up enterprises in Israel and throughout the world. Together with its ranking as one of the world\u2019s best sci-tech universities, it was the Technion\u2019s success in driving Israel\u2019s high-tech sector that convinced New York City Mayor Michael Bloomberg to choose the Technion-Cornell partnership to establish a new, innovative applied science campus in New York, aimed as being a \u201cgame changer\u201d for the city\u2019s tech sector. Technion\u2019s 13,000 students and researchers study in 18 academic departments and 52 research centers and institutes. As an increasingly globalised university the Technion is developing a variety of international programs, and a growing number of foreign students are attracted to the Technion for its outstanding reputation.<\/p>\n

\n

For inquiries, please contact:<\/p>\n

Technion \u2013 Israel Institute of Technology<\/strong>
\nMs Doron Shaham
\nTel: +972-77-887 1992
\nEmail: dorons@dp.technion.ac.il<\/a><\/p>\n

\n

Li Ka Shing Foundation<\/strong>
\nMr Jeremy Lau
\nTel: +852-2128 1207
\nFax: +852-2128 1766
\nEmail: jeremy.lau@lksf.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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