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October 2011

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The Technion Takes a Bite Out of the Big Apple

Cornell cropped 3.jpgCornell University President David Skorton (left) and Technion President Peretz Lavie

More good news for the Technion! Less than two weeks after being awarded its third Nobel Prize in Chemistry, the Technion announced that it is teaming up with Cornell University in a bid to build an applied science and engineering campus on New York City’s Roosevelt Island.

Mayor Bloomberg and the New York City Economic Development Corporation have stated that the city would give land and up to $100 million in infrastructure upgrades to the university (or universities) best able to create a high-tech campus with a focus on commercialization and technology transfer. Its alumni, Bloomberg envisions, would launch start-ups that would transform the city into a hub of innovation, spurring the economy and creating new jobs. 

Sound familiar? The challenge is one that is tailor-made for the Technion, which has helped Israel become a leading global center for high-tech start-ups.

Cornell seems to think so, too.

“The Technion is the driving force behind the miracle of Israel’s technology economy,” said Cornell President David Skorton. “Its academic rigor in computer science and engineering, and its leadership in technology transfer have helped create one of the largest concentrations of start-ups anywhere.”

Central to the proposed NYC Tech Campus would be the Technion-Cornell Innovation Institute (TCII), a graduate program aimed at bringing research to the marketplace in industries integral to New York City.

“In the last 20 years we moved from Jaffa oranges to semiconductors,” President Lavie told The Wall Street Journal. “What we can do for New York is similar to what we did for the State of Israel.”

The City is expected to make a decision in late December of this year, or early next year.

For more on the exciting Cornell-Technion collaboration, please read the joint press release, and articles in The New York Times, The Wall Street Journal and Crain’s below.

Joint Technion – Cornell news release on support.ats.org 

NY Times article

Wall Street Journal article

Crain's New York article

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American Technion Society
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