HKUST School of Science received $2,000,000 donation from Foga Tech Limited for spurring the development of financial technology (FinTech) 12 November 2018
The Hong Kong University of Science and Technology (HKUST) School of Science signed a donation agreement with Foga Tech Limited (Foga Tech). Foga Tech pledged to donate HK$2,000,000 to HKUST to support research and training of postgraduate / postdoctoral students related to FinTech and blockchain.
Foga Tech Limited is a subsidiary of Forgame Holdings Limited, a listed company in Hong Kong and a leading company of mobile games and webgames in China which is speeding up the development of FinTech business.
With the financial support from Foga Tech Limited, HKUST School of Science is planning to set up a new laboratory on FinTech and crypto-technology. The two parties are eager to collaborate to pioneer new developments in FinTech, while facilitating HKUST students to grasp the chance to tap into the opportunity.
The agreement was signed by Prof. Wang Yang, HKUST Dean of Science, and Mr. Wang Dongfeng, Chairman of Forgame, at a ceremony held on November 8, 2018, witnessed by representatives of Forgame Tech and HKUST.