(JTA) — Cornell University and The Technion-Israel Institute of Technology will partner to create a world-class applied science and engineering campus in New York City.
The NYC Tech Campus on Roosevelt Island is set to combine the strengths of both institutions.
Cornell President David Skorton and Technion President Peretz Lavie made the announcement Sunday.
“By joining forces in this groundbreaking venture, our two great universities will employ our demonstrated expertise, experience and track record of transforming new ideas into solutions to create the global avenues of economic opportunity and tech leadership that Mayor [Michael] Bloomberg envisions,” Skorton said.
An integral part of the campus will be the Technion-Cornell Innovation Institute, a 50-50 collaboration between the two universities to form a graduate program to focus on bringing products quickly to the market.
The partners will be joining in a full-scale campus — not a satellite of either school — to open in 2012, initially in either leased space or existing Cornell facilities in New York City. The NYC Tech Campus is planned to grow to more than 2 million square feet on Roosevelt Island, accommodating nearly 2,000 graduate students and 250 faculty, as well as visitors and corporate researchers. Cornell and the Technion will collaborate in teaching, educating and advising students.
The universities’ proposal will be presented to the city by Oct. 28.