Left: Samuel Yin, Founder of Tang Prize foundation; right: Chi-Huey Wong, President of Academia SinicaCOURTESY OF THE TANG PRIZE FOUNDATION
Samuel Yin, a Taiwanese real estate and investment giant, has funded a science award that gives larger cash rewards to individual scientists around the world and also supports research institutions. At a total of $1.7 million for either a winning institution or individual in each of four fields, the new Tang Prize outbids the Nobel Prize, which awarded about $1.2 million per prize in 2012.
Yin has given about $102 million to endow the Tang Prize Foundation, named after China’s 7th century Tang Dynasty, which was considered a golden age for innovation and development for China. “I hope the prize will encourage more research that is beneficial to the world and humankind, promote[s] Chinese culture, and make[s] the world a better place," Yin said in ...
