Please submit your e-mail address to get the latest news

Turkey to donate huge fund to MIT
  29-06-2012


Turkey is preparing to donate $10 to $20 million to the Massachusetts Institute of Technology (MIT) Foundation, Minister of Industry and Commerce Nihat Ergün said.



 


“In order for the ministry to be able to make this donation, the Parliament will have to pass a new law.

In return, MIT will also be offering Turkish as an elective course and will be establishing a Turkish research foundation,” Ergün said to daily Hürriyet. Turkish professors will also be able to conduct research at MIT and will be eligible to receive training at the prestigious American university.

Ergün visited the MIT campus as part of his trip to the United States and met with Assistant Dean Philip Khoury to discuss both the donation and joint programs between the university and Turkey.

while the exact amount of the donation was not clear as of yet, a starting figure of $10 million was being discussed, Ergün said.

“Our donation will be in two parts, $5 million will go towards master’s programs and Ph.D students. The remaining $5 million will go toward finance research projects. Depending on the amount of students and researchers we want to send to MIT from Turkey, we will put in $10 million or even $20 million if necessary,” Ergün said.

China has donated $17 milllion to MIT

Ergün explained that countries like Brazil, China, Singapore and Egypt had invested in MIT and that China had invested as much as $17 million. Ergün believed the new law will be passed this year to facilitate the donation and said MIT had already accepted Turkey’s proposal.

In terms of donations received, Harvard University takes the lead having recieved $32 billion. The MIT Foundation uses the donations to provide resources for academicians, education, research, investment projects and financial aid to students. Of the 10,984 students enrolled in MIT’s 2011-2012 academic year, some 92 percent received some form of financial aid.
  
  

Source : hurriyetdailynews.com
Hit : 646


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
Medasist International - Copyright 2005