Roosevelt Island is a curious spit of land in the East River, nestled between Manhattan and Queens. It began as farmland, then housed a penitentiary and lunatic asylum and, later, hospitals.http://jewishjournal.com/news/nation/227185/technion-teams-cornell-bring-startup-nation-america/
Once home to the diseased and criminally insane, today it is home to a cutting-edge complex that is a marriage of Cornell University and Israel’s Technion Institute of Technology. Their union is launching new companies in an effort to create New York City’s own Silicon Valley. And, not incidentally, boost Israel’s image.
Based on what is already percolating at Cornell Tech and the related Jacobs Technion-Cornell Institute, they are on their way.
The Cornell-Technion marriage — and a great deal of philanthropic and city funding — has produced architecturally interesting, environmentally sensitive new buildings, which house academic programs and the nascent businesses.
Cornell Tech is the overall owner of the Roosevelt Island enterprise. Within it is the Jacobs Technion-Cornell Institute, a first-of-its-kind partnership between the two universities that includes a double degree-granting master’s program and a post-doctoral fellowship designed to launch inventive tech businesses.
Cornell Tech and the Jacobs Institute moved into their new home in August, in time to open their doors for the current school year. The programs are housed in two buildings at the south end of the almond shaped, 2-mile-long, 800-feet-wide island. Elsewhere on the island, some 14,000 people now live in apartment buildings that first opened in 1975.
The story of the joint venture begins seven years ago, when then-Mayor Michael Bloomberg announced a competition to create an applied sciences campus on Roosevelt Island. Fifty educational institutions were invited to compete. Technion was the only one from Israel.
Technion President Peretz Lavie recalls asking Bloomberg why Technion was invited. The mayor told him that “you took Jaffa oranges and turned them into semiconductors and I’d like you to do the same in New York,” Lavie said in an interview with the Journal. At its home campus, Haifa-based Technion has 14,500 students majoring in engineering, science, medicine and architecture.
The ultimate goal of their union? To create New York’s own Silicon Valley.