press_release
Published: 29 June 2018

Digital innovation bolstered thanks to £1m gift

The University of Surrey’s already strong capabilities in digital innovation will be bolstered thanks to a £1m gift from Hong Kong-based UCF Group.

University of Surrey team including Max Lu celebrate UCF funding sat round a table
Prof Max Lu joined by Phang Yew Kiat, CEO Chong Sing and Deputy Chair UCF

The gift will contribute towards a digital innovation laboratory to strengthen the University’s leading research in areas such as big data, distributed ledger technologies (blockchain) and agile innovation business models.

The gift will also help fund a number of Vice-Chancellor’s fellowships in digital health, AI and blockchain technology, clean energy and water technologies, and innovation in hospitality and tourism. It will significantly boost the University of Surrey’s drive to become a world leader in digital innovation for future industries.

UCF Group’s businesses include financial technology, healthcare (including new drug research and development), fund management and lifestyle-related services.

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Professor Max Lu

Professor Max Lu, President and Vice-Chancellor, said: “We’re extremely grateful to the UCF Group for its generous gift to the University, which will help us make more impact to economies in both the UK and China, benefiting peoples in both countries.

“The University of Surrey is leading the world in many areas of digital innovation, from satellite to 5G telecommunications and block chain technologies.  We look forward to working with UCF through this exciting partnership in the years to come, together contributing to a better world.”

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