Li Ka Shing
The gift is the largest ever to the Technion and one of the most generous in the history of Israeli higher education
The Israeli Technion Institute of Technology and Shantou University in China will establish a joint academic technological institute in China under the name: Technion Institute-Guangdong Technology (TGIT), with a donation of $130 million from the US based Li Ka Shing Foundation .
The Technion Guangdong Institute of Technology (TGIT) – sponsored by the Li Ka Shing Foundation (LKSF) with a US$130 million grant – will represent unprecedented cooperation between the People’s Government of Guangdong Province and Shantou Municipal Government, Technion, and STU. 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.
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.
Mr Li Ka-shing, Chairman of the LKSF, Will speak at today’s ceremony in Tel Aviv to formalise the memorandum of understanding for the establishment of TGIT. The agreement will be signed by Technion President Professor Peretz Lavie and STU Provost Professor Gu Peihua, and will soon be brought for the approval of the Technion’s and Chinese statutory authorities.
