IDG Founder to Establish Brain Research Institute at Tsinghua University
McGovern Institute news release
Newswise — (Cambridge MA, 5 May 2011) The McGovern Institute for Brain Research will soon have a sibling in China. On April 22nd an agreement was signed between Patrick McGovern, chairman of International Data Group Inc. (IDG) and co-founder of the McGovern Institute at MIT, and top officials of Tsinghua University, to establish a new institute for brain research in Beijing.
Under the agreement, Patrick and Lore Harp McGovern will donate US$10 million to establish the new institute and support its first ten years of operations, with matching contributions from Tsinghua. To ensure its longer-term future, the agreement also provides for the establishment of two foundations, the IDG China Foundation and the Harmony Foundation, that will raise additional funds, with help from IDG, for the institute’s eventual endowment. Read more