Industry-Sponsored Research Week
University-Industry Engagement Advisor

Yuexiu expands partnership with HKUST and donates another $13M

By David Schwartz
Published: November 22nd, 2021

On top of donations totaling HK$180 million (USD$23M) in the two previous years, The Hong Kong University of Science and Technology (HKUST) has received another HK$100 million (USD$13M) donation from Yuexiu Group to support the university’s efforts in teaching, research and talent development. Concurrently, HKUST and Yuexiu have signed a framework agreement to increase their cooperation in technology innovation, talent nurturing, and research commercialization.

Hong Kong-based Yuexiu is a major conglomerate focused in the finance, property, and transportion infrastructure industries.

According the expanded agreement, HKUST and Yuexiu plan to build joint research platforms in areas such as transportation and infrastructure, FinTech, and population aging.

The partners till will also enhance their efforts in talent development, including internships for HKUST students with Yuexiu and its subsidiaries. The donated funds will also be used to establish innovative graduate programs and promote interdisciplinary academic research.

Yeuxiu Chairman Zhang Zhaoxing cited HKUST as a major source of industry talent, and he expects the new agreement and additional funding to foster “further integration between the industries and academia and achieve a win-win situation in which both sectors could complement each other in terms of resources and expertise.”

Added HKUST’s Council Chairman Andrew Liao Cheung-Sing, “Industry-academia collaboration is an integral part of the Greater Bay Area’s (GBA’s) development into an international innovation and technology hub. HKUST and Yuexiu shared the common goal of driving innovation, and we have been in active partnership with different sectors on breaking new grounds. The tremendous support from Yuexiu will continue to steer the frontier development of HKUST in education, science and technology, business and management, as well as knowledge transfer.”

HKUST President Wei Shyy said the collaboration “exemplifies what a joint effort of research capability from the academia sector and experience from the industry sector can do. I hope HKUST and Yuexiu together can inject impetus into Hong Kong and GBA and make an impact on the region’s talent nurturing and development.”

Source: Mirage

Posted under: University-Industry Engagement Week

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