Economy

Tech-oriented grad school opens in New York City

Tech-oriented grad school opens in New York City”

"Technology that will improve our lives and make our lives more pleasurable".

The new graduate school that backers hope will cement New York's status as a center of high-tech innovation officially opens Wednesday, Sept. 13.

Democratic Gov. Andrew Cuomo said Wednesday's official opening of the school called Cornell Tech shows NY "will be forever the global center of technology and innovation".

Cuomo said NY has been losing ground in the tech race "not because others were winning but because we were not competing".

The dedication brings a bright new day and a step forward for students who used to report to school inside Manhattan's Google office building, where Cornell Tech was a rent-free tenant for the past four years.

It's expected to eventually grow to 2,000 students.

The 2 million square foot campus cost $2 billion to build, with $100 million in capital funding from the city, $100 million from Bloomberg's private foundation, and additional philanthropic funding. Their collaboration is opening on Roosevelt Island on Wednesday.

The idea for the school won a 2011 citywide contest to build a tech-focused school on Roosevelt Island.

"The best inheritance that I can leave my daughters and my grandchildren is a better city and a better world", Bloomberg said at the ceremony.

A new graduate school that backers hope will boost New York's status as a center of high-tech innovation is opening. The city provided $100 million in seed money plus development rights on city land.

This fall, 30 faculty members and almost 300 graduate students are moving from Google's New York City building - where it was based since 2012 - to the first phase of Cornell Tech's campus.

Cornell Tech's main academic building, called the Bloomberg Center, looks far more like a tech company than a university. "You're going to be in an open floor plan"'.

The victor was a joint application by Cornell University and the Technion in Israel.

The school said the program has already has created 30 new startup companies.

"It's a match made in heaven for many reasons", he said in a telephone interview.



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