Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

New collaborations Between Israeli And Chinese Universities To Include A $300 Million Research Center

Universities from Beijing and Tel Aviv have announced plans to build a new joint research center.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Tel Aviv University and Beijing’s Tsinghua University have announced plans to exchange graduate students and faculty members who will work at a joint research center. The center will be dedicated to the study of nanotechnologies, specifically in the area of medical and optics applications. The program may eventually be expanded to include raw materials, water treatment and environmental issues.

The center will be called the Xin Center and is to cost $300 million. Xin is the Chinese word for new and the center will advance interdisciplinary research, provide optimal conditions for creativity, and promote activity in fields that can truly impact society in both countries and the entire world.

In a press conference to announce the new project, the president of Tel Aviv University, Joseph Klaffer, said that funding will be obtained from both private and government sources and that they have already raised about a third of the needed money. He said, “It’s an unprecedented agreement in size and scope. It was built from the bottom up because it started with our scientists meeting and falling in love with each other.”

Chen Jining, the president of Tsinghua University said, “We have collaborations with many other universities around the world, but this is the first that is so in-depth and innovative.”

Last September the two men signed a memorandum of understanding (MOU) in Beijing in the presence of Israel Ambassador to China Matan Vilnai, Chief Scientist of the Israeli Ministry of Economy Avi Hasson and leaders of the Israeli business community in the city. The MOU called for both Tel Aviv University and Tsinghua University to pursue strategic cooperation in innovative research and teaching. The two universities agreed then to establish the XIN Center, as an international hub for scientific and technical innovation.

Israel would benefit from gaining access to China’s huge market place for its exports. The Chinese, at the same time, hope to learn from Israeli expertise in high tech, agriculture and water desalination.

Trade between Israel and China grew to $8.4 billion in 2013, up from $6.7 billion in 2010. Chinese companies have invested in Israeli firms and are interested in being involved in the building of a new rail cross Israel line to link the Red Sea and the Mediterranean.

China certainly has plenty of money to spend in Israel, having a huge trade surplus with the United States and holding trillions in US Dollars.

This is not the first such joint venture between Israeli and Chinese institutions of higher learning. In 2012, Israel’s Technion in Haifa entered into a similar arrangement with the Shantou University in China’s southern Guangdong province. The two schools agreed to a $150 million Israel-China academic project that will create of the Technion-Guangdong Institute of Technology at Shantou University.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...