The Technion, an Israeli-based public research university, is returning to its New York City roots by partnering with Cornell to create the Cornell NYC Tech Campus. Mayor Bloomberg is hopeful that this new campus will be the catalyst for New York City to replace Silicon Valley as the place to start new digital technology companies. “The new campus,” he said, “will spin off some 600 such companies in the next 30 years.”
The partnership was announced in late 2011 and the facilities are slated to open later this year. Click here for history on the initial stages of this project.