Zhejiang Hopes to Attract World-Class Institutions through Financial Aid
Zhejiang is calling for world-class institutions to set up campuses or joint institutes with its local universities, who are recognized as China’s Top Class Institutions. The international institutions must be within the top 100 comprehensive global rankings, or within the global top 50 by discipline. The Chinese partners must be with one of the following three: Zhejiang University, Ningbo University and Zhejiang Academy of Arts. The financial aid offered ranges from USD17m to USD70m, and will be allocated to the project in three instalments at the milestones of project approval, end of the 1st and 2nd year of operation (20:40:40). The funds will be jointly contributed by the provincial and municipal government. It applies to joint institutes / china campuses set up by Dec 2022, starting recruitment no later than Dec 2023.