By Beth Main
A Taiwanese tycoon has launched what he hopes will become the Asian version of the Nobel Prize (where have we heard that before?), the Tang Prize, launched on Monday in the hopes of raising Taiwan’s international profile in academic circles.
The awards have been created by Ruentex Financial Group Chairman Samuel Yin in association with Academia Sinica, Taiwan’s top research institution. The first set of prizes will be awarded in June 2014, and every two years afterwards.
Cash prizes of about US$1.69 million will be awarded to individuals for outstanding achievement in four categories unrepresented in the Nobels (sustainable engineering, medical and biotech research, sinology, and law), regardless of nationality.
Yin assured his guests at the launch party that the Tang Prize is not meant to compete with the Nobel Prize but to extend the good work that it encourages and rewards. The prize has been named after the Tang Dynasty, a great era of invention and development in Chinese history.
The Tang Prize goes hand in hand with new measures to increase Taiwan’s profile and competitiveness in academia and technology, such as a change in visa laws to allow ‘medical tourists‘ from China to receive high end medical treatment in Taiwan.
Mr Yin also just donated US$4 million to Taiwan’s Ministry of Culture to promote Taiwanese culture overseas… generous fella!
[Via: Focus Taiwan]