The School of Management at Zhejiang University and the Lally School of Management & Technology at Rensselaer Polytechnic Institute have signed a five-year agreement to work together. The agreement will be launched in November of this year.
Perhaps the names should be explained.
The Lally management school was named after Rensselaer trustee Kenneth T. Lally who was an engineer and manager of no mean ability who put up $15 million for the school.
Rensselaer Polytechnic Institute, in Troy, New Yorkwas founded in 1824 by Stephen Van Rensselaer for the ‘application of science to the common purposes of life’, and is the oldest technological university in the English-speaking world.
Zhejiang, sometimes referred to as Zheda, is one of China’s oldest and most prestigious institutions of higher education.
In 1897, Lin Qi, the mayor of Hangzhou,studied the western higher education system and applied it to Qiushi Academy. In 1902, Qiushi Academy was renamed as Zhejiang Academy and a year later to Zhejiang College for Higher Education.
For Zhejiang, the agreement augments a partnership with China’s Ministry of Labor to shift Zhejiang’s educational focus from employment to entrepreneurship.
The collaboration will also create internship opportunities for students from each institution at enterprises in China and the U.S.