Cornell University and Technion won a New York City contest to build an engineering campus with a grant of land on Roosevelt Island and $100 million for infrastructure improvements. The NYCTech Campus is intended to bolster job creation in the city and may generate 600 spinoff companies and $23 billion in economic activity over the next three decades. Cornell and Technion beat out six competing bids, including one from Stanford University.
The Technion-Cornell Innovation Institute (TCII) is a joint venture of Technion and Cornell University, and will be a key component of the new CornellNYC Tech campus, a unique high-tech graduate school to be established on Roosevelt Island in New York City. This TCII will serve as a fertile breeding ground for high-tech engineers, who will receive a top-notch education and also work closely with affiliated companies during their studies. TCII will offer a unique master’s degree, which will allow students to specialize in one of three tracks, known as “hubs”: digital media in the networked age; medical informatics and devices; and smart buildings, urban environments and infrastructures.
The Technion and the Johnson School at Cornell are in discussion to expand the aforementioned collaboration, so that in the future Start-uP MBA students may be able to take courses at Cornell as well as participate in courses taught by Cornell faculty.