NEW YORK (December 19, 2021) – Today, 10 years have passed since the New York City competition for the construction of a university campus in applied sciences awarded to Cornell University and the Technion – Israel Institute of Technology offers to create Cornell Tech. Since its inception in 2011, Cornell Tech has played a role in helping New York City become a national hub for technological innovation, diversifying and strengthening the city’s economic base to remain competitive on the global stage.
“Over the past decade, Cornell Tech has become a leading model for bridging the university-industry divide, a highly sustainable and open campus and a strong community partner on Roosevelt Island,” said Dean of Cornell Tech, Greg Morrisett. “Cornell Tech’s impact over the past 10 years has gone beyond our original mandate, producing valuable startups and groundbreaking research, and providing technical training to a wide range of students, from PhD and Masters to Kindergarten. in grade 12. “
As a campus built specifically for the digital age, Cornell Tech has demonstrated the viability of its founding vision by bringing together academia and industry to elevate pioneering leaders and new transformational research, products, businesses and social enterprises. Since its inception, the institution has graduated 1,200 highly skilled technology graduates, launched more than 80 startups and raised nearly $ 1 billion in funding. About 90% of its start-ups have stayed in New York City to continue to grow and expand, hiring nearly 400 employees and raising more than $ 150 million for their businesses.
Cornell Tech’s reach also extends well beyond the boundaries of its physical campus. Her Break Through Tech initiative has helped the City University of New York (CUNY) almost double the number of women pursuing computer science, and has spread to Chicago, Miami and Washington DC. The K-12 program has trained dozens of teachers on how to teach technology and infuse it into a school’s curriculum, reaching thousands of children from underserved areas across the city.
Cornell Tech’s academic model is unique to both New York and academia as a whole in tackling some of today’s most prevalent urban and tech issues. For example, the Jacobs Technion-Cornell Institute’s Runway Startup Postdoc program introduces recent doctoral graduates in digital technology fields to a paradigm shift – from an academic mindset to an entrepreneurial perspective. At the Jacobs Institute – which is part a business school, part a research institute and part a startup incubator – post-docs receive financial support and are mentored by professors, industry leaders and scholars. entrepreneurs. Today, Cornell Tech has become one of the most active startup incubators in the world.
All of this innovative work is taking place on a 12-acre campus on Roosevelt Island that recently completed its first phase of construction and includes some of the most environmentally friendly and energy efficient buildings in the world. Cornell has assembled a team of award-winning architects to design a highly sustainable and open campus that facilitates the interaction between universities and industry that is at the heart of Cornell Tech’s mission.
The first phase included:
- The Emma and Georgina Bloomberg Center, the first university building
- The Tata Innovation Center, home to a mix of cutting-edge companies working alongside researchers and entrepreneurs from Cornell Tech
- The House, a residence for faculty, staff and students – and the world’s first passive residential tower;
- the Verizon Executive Education Center, which hosts academic meetings and industry conferences;
- and the Graduate Roosevelt Island Hotel, which includes a rooftop restaurant and bar
The Cornell Tech campus officially opened for students in September 2017 and, when fully completed, will accommodate over 2,000 graduate students and hundreds of faculty and staff.
About Cornell Tech
Cornell Tech is Cornell University’s revolutionary campus for technological research and education on Roosevelt Island in New York City. Our professors, students and industry partners work together in an ultra-collaborative environment, pushing research further and developing meaningful technologies for a digital society. Founded in partnership with the Technion-Israel Institute of Technology and the City of New York, Cornell Tech achieves global reach and local impact, extending Cornell University’s long history of cutting-edge innovation in computer science and engineering. .