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Wednesday, August 22, 2012
Converting Roosevelt Island into Silicon Island
New York City is building a new applied science campus to be known as “NYCTech” which is expected to create $23 billion of economic activity over the next 30 years, and spin off about 600 high-tech companies. The campus will be a consortium of Cornell University and Technion – Israel Institute of Technology. The 11-acre, 2 million square-foot “net-zero” campus will be built on Roosevelt Island. The 400,000 square-foot first phase will be finished by 2017, while the entire campus is expected to be completed by 2043.
“In addition to providing cutting edge research and teaching, NYCTech will offer support for the kinds of businesses that excel in NYC - urban planning, medicine, advertising, and finance. Services to get these businesses off the ground will include pre-seed financing, legal support, partnership building, and business competitions designed to spur innovation.”
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