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Chinese Fund Donates $130 million to Technion

A Chinese fund, bankrolled by the country’s richest man, is donating $130 million Technion University in a joint venture between the Haifa-based university and Shantou University (STU) to build a new academic facility in Guangdong Province.

The contribution from the Li Ka Shing Foundation is the largest in Technion’s history and one of the largest ever to an Israeli university.

The Guangdong Province and the city of Shantou are earmarking an additional $147 million to fund construction of the new Technion Guangdong Institute of Technology (TGIT) next to Shantou University.

The donation to Technion, made possible in part by profits from the fund’s recent  sale of Waze to Google, will be allocated for the Technion’s home campus.

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5 Responses to “Chinese Fund Donates $130 million to Technion”

  1. A "donation" to build a technological institute in china, is not a donation to Israeli academia. maybe to chinese academia..

  2. There can be all sorts of benefits for the Technion in this agreement. For instance, they might employ several Israeli academics while they do their research in China.

  3. Anonymous says:

    Excellent.

  4. Technion gets $ 130 Million for its Israeli institution, the $147 million is to build/fund the joint venture School in China…both will help Technion, its students and faculty. Cornell also announced a huge Joint Venture with Technion in NYC called Technion Cornell Institute

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