On February 29th, 65438, the foundation stone laying ceremony was held at Ningbo Oriental University of Technology (tentative name), with Chen Shiyi, an expert in fluid mechanics, an academician of China Academy of Sciences, an academician of the Academy of Sciences of developing countries and former president of south university of science and technology of china, China, as the president. The school plans to start enrolling undergraduates in 2025; By 2035, it will achieve "complete system and distinctive features" and become a new research university with strong influence in the world; By 2050, we will strive to become a world-class university with great influence at home and abroad. There are three reasons why the construction of Ningbo Oriental University of Technology has been widely concerned by netizens: First, Yu, the founder of Weil Company, will donate more than 20 billion yuan to build "Oriental University of Technology" in Ningbo, which is mainly caused by investors and investments; Second, high starting point, high level and high goal, the school is determined to build a world-class university with great influence at home and abroad; Thirdly, from the current information, the mode of running a school is private assistance, which is rare in China.