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.”
Reference: Silicon Island Rising in NYC, Net-Zero Energy Campus, February 21, 2012
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