Real estate magnate and publisher Mortimer Zuckerman has announced a scholarship program to pay for American graduate students in the sciences to study in Israel.

Zuckerman says the Zuckerman STEM Leadership Program will provide more than $100 million in scholarships over the next 20 years, and the first set of Zuckerman scholars are due to begin in the academic year 2016-2017.

It will provide funding for American graduate students and postdoctoral researchers to study at Israeli universities. They include Hebrew University of Jerusalem, the Technion-Israel Institute of Technology, Tel Aviv University and the Weizmann Institute of Science.

Zuckerman announced the initiative at an event at the Harvard Club of New York City on Monday attended by Gov. Andrew Cuomo and several Nobel laureates.

“At a time when collaboration is essential to advanced scientific research, this program gives the next generations of leading American and Israeli academics the ability to work together on cutting edge research in ways that stand to benefit their fields for years to come,” said Zuckerman.

“The result will help transform not just the work of the scholars involved,  but the way the United States and Israel approach collaboration and cooperation across the sciences,” added the philanthropist.

Zuckerman is the publisher of the Daily News of New York and U.S. News & World Report and the chairman of Boston Properties.

Associated Press

Image via Shutterstock.

Liked this? Then you’ll love these…

DAAD Reveals 5000 Refugees are Competing for 200 German Scholarships

Three Rhodes Scholarships in One Year Makes History for University of Alberta