Israel’s Tel Aviv University and China’s Tsinghua University are teaming up to establish a joint research center, to be named the XIN Center [new in Chinese], which is designed to engage in scientific collaboration.
An academic program for cooperation between Israeli and Chinese students in various projects is to be implemented under the auspices of the center. The Israeli [and Chinese] Infinity Group will put at the disposal of the program 100 million Chinese yuan [about $16 million] for investment in the projects.
Talking from China with Israel’s daily business newspaper Calcalist, Tel Aviv University President Joseph Klafter said: “This is one of the leading universities in China. We will focus on nanotechnology and nanomedicine, and later on, expand into other [research] areas.” The center will aim to address common challenges that both Israel and China are facing, and it will collaborate with the high-tech sectors in the two countries.
In the framework of the XIN project, an investment fund will be established to seed projects initiated by [XIN] researchers. In addition to Infinity Investment Group, the Chinese government and Tsinghua University alumni will also invest in the venture. An agreement to that effect was signed [in Beijing on Sept. 10] in the presence of the Israeli ambassador to China, Matan Vilnai, and Israel's Chief Scientist Avi Hasson, who is currently visiting China. Klafter and Tsinghua University President Chen Jining signed the memorandum of understanding.
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