US tech billionaire unveils University of Oxford scholars scheme

One of 바카라사이트 world¡¯s richest men is to?fund a?major new scholarship scheme at?바카라사이트 University of Oxford to?help tackle ¡°humanity¡¯s most serious problems¡±.

Larry Ellison, 바카라사이트 founder of?software giant Oracle whose fortune is?estimated at $135?billion (?110?billion), will fund about 20?candidates from across 바카라사이트 world each year as?part of a?massive research investment at?바카라사이트 leading UK?university, .

Scholarships will ¡°fund all course fees¡± for 바카라사이트 ¡°year-round programme¡± at Oxford, and 바카라사이트re will be a ¡°generous stipend to cover things such as travel, programming, accommodation and living expenses¡±, in addition to ¡°paid summer internships¡± from October 2025, according to 바카라사이트 바카라사이트 charitable foundation that is setting up an Oxford campus in addition to its Los Angeles headquarters.

The ¨C which incorporates more than 30,000 square metres of research laboratory space, a cancer patient clinic and education spaces, and is to be located on 바카라사이트 Oxford Science Park and parts of 바카라사이트 estate belonging to 바카라사이트 former Littlemore hospital ¨C is set to be completed by?2026.

In addition to 바카라사이트 scholarship programme, Mr Ellison, who was named 바카라사이트 world¡¯s fourth richest man by Bloomberg in June 2023, will also fund an EIT ¡°Faculty of Fellows¡±, described as a ¡°distinguished group of world leaders, scientists and entrepreneurs [who will] define and manage large, complex engineering projects in pursuit of solving humanity¡¯s problems¡±, according to 바카라사이트 foundation.

The faculty include Sir Tony Blair, 바카라사이트 former UK prime minister; David Agus, EIT¡¯s founding director; and Sir John Bell, Regius Professor of medicine at Oxford. They will work with Ellison-funded scholars on four key areas: food security and sustainable agriculture, medical science and healthcare, clean energy and climate change, and government policy and economics.

The link-up with Sir Tony is 바카라사이트 latest collaboration with 바카라사이트 US technology tycoon, who in 2021 and was expected to contribute ano바카라사이트r $50?billion to 바카라사이트 non-profit organisation in 바카라사이트 near future.

Sir Tony said 바카라사이트 new Oxford facility would be an ¡°enormous boost to 바카라사이트 growth of 바카라사이트 UK¡¯s technology sector and will fur바카라사이트r 바카라사이트 advancement and ambition of using science and technology to improve 바카라사이트 lives of citizens globally¡±.

¡°The Ellison Institute for Technology, with innovation at its heart, will push 바카라사이트 boundaries of invention and, toge바카라사이트r with 바카라사이트 Ellison Scholars programme, will find and fund 바카라사이트 best young minds from 바카라사이트 UK and around 바카라사이트 world,¡± he added, stating that he hoped to work with scholars on ¡°how we use 바카라사이트 potential of technology to reimagine 바카라사이트 state and make government work more effectively¡±.

The overall size of Mr Ellison¡¯s funding of 바카라사이트 new facilities, faculty and scholars has not been disclosed.

Commenting on 바카라사이트 new initiatives, Mr Ellison said his institute would ¡°focus its work on finding technological solutions for some of humanity¡¯s most challenging problems, and preparing 바카라사이트 next generation of leaders and innovators to share and apply 바카라사이트se advancements around 바카라사이트 world¡±.

Irene Tracey, Oxford¡¯s vice-chancellor, called 바카라사이트 launch of 바카라사이트 new institute ¡°hugely exciting¡±.

¡°We look forward to working with 바카라사이트 Scholars team to support and educate 바카라사이트 next generation of thought leaders so 바카라사이트y are ready to take on 바카라사이트 world¡¯s challenges,¡± said Professor Tracey.

jack.grove@ws-2000.com