Last Monday, the city announced it was partnering with another university — this time the Ivy League Columbia — to help it develop a new science institute. It is the fourth science and technology institute the city is working with, following CornellNYC Tech in December, New York University’s Center for Urban Science and Progress in April and the New York Genome Center in July.
All four were competitors in the city’s Applied Sciences NYC challenge, a massive initiative Mayor Michael Bloomberg announced one and half years ago to build a world-class technology campus in New York City.
The applied science initiative is expected to generate over $33 billion in overall economic growth and create hundreds of thousands of permanent and construction jobs for New Yorkers. For a better understanding of how these upcoming projects will drive the city’s technology and economic future, take a look at the graphic below.
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Altogether, there were 18 proposals submitted by 27 institutions from six states and eight countries. Seven moved to the final round. The winner was to receive a billion dollars worth of city-owned land and $100 million in city capital to cover site infrastructure and construction.
Initially, only one winner was announced: Cornell in partnership with Israel’s Technion University. But the city eventually decided to continue talking with other applicants.
Columbia, the Genome Center and NYU, to be completed in the next few years, are also receiving the city’s financial support. Stanford University withdrew its application after losing the bid to Cornell, and the future of the other two proposals – Carnegie Mellon’s Brooklyn Navy Yard campus focusing on digital media and entertainment technology, and India’s Amity University’s tech school on Governors Island – is unknown.