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Tycoon Li Ka-shing donates HK$500 million to Hong Kong University of Science and Technology for new synthetic biology research lab

  • Research facility – to be called the Li Ka Shing Institute of Synthetic Biology – to be built at university
  • Billionaire says ‘synthetic biology and DNA are the technological engines of this century’

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Billionaire Li Ka-shing (left) with Professor Wei Shyy, president of Hong Kong University of Science and Technology, on Thursday. Photo: Handout
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Hong Kong tycoon Li Ka-shing has made a HK$500 million (US$64.1 million) donation to a local university to build the city’s first synthetic biology institute.

The research facility – to be called the Li Ka Shing Institute of Synthetic Biology – will be established at the Hong Kong University of Science and Technology (HKUST) in Sai Kung.

A spokesman for the university said the institute would provide advanced facilities for the world’s top scholars, bidding to make Hong Kong a global pioneer in biotechnology.

The remarks came on Thursday at a signing ceremony of a memorandum of understanding between HKUST and the Li Ka Shing Foundation, the local billionaire’s philanthropic organisation.

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Li Ka-shing (left) and Professor Wei Shyy say investing in synthetic biology will benefit Hong Kong. Photo: Handout
Li Ka-shing (left) and Professor Wei Shyy say investing in synthetic biology will benefit Hong Kong. Photo: Handout
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