Mayor Michael Bloomberg has selected Cornell and its partner, the Technion – Israel Institute of Technology, to realize his vision for a cutting-edge NYC Tech Campus that will serve as a global magnet for tech talent and entrepreneurship.
That looks shiny and beautiful for the Tech Campus, but I hope it would become more "iconic" in design. However, I'm not so sure if the design can be both "iconic" and "environmental" at the same time.
Btw, Cornell Johnson Business School recently has announced that it has appointed a new dean, Soumitra Dutta, a professor of business and technology and founder and faculty director of a new media and technology innovation lab at INSEAD. He gave us a little hint that Cornell might move or expand its MBA program to NYC Tech Campus. His profile fits Tech Campus's goal of creating interdisciplinary hubs of technology and business. His profile can be found at Cornell Dean SMPR
I think Cornell also might move or expand its Law school to NYC Tech Campus. All these professional schools will greatly benefit from close proximity to NYC. But who knows...
Anyway, I'm sure NYC Tech Campus will definitely elevate the Cornell's image as the world leading research institution.
It's almost confirmed that Cornell will move its business school to NYC:
"The Johnson School will offer graduate degrees on the new NYC campus, including joint degrees with applied science programs. Johnson School students based in Ithaca will also have an opportunity to participate in programs in New York City, and some Johnson faculty may work full-time at the new campus, according to The Wall Street Journal."
"Almost confirmed"? I don't think so. What it does is allow students to spend time in New York. Remember: this campus is to be used as a technology campus, not a business campus. And with the expense that Cornell put into renovating Sage Hall as the home of the Johnson School, it's not something that's going to be moved so quickly either.
Yes, maybe it won't move completely, but definitely it's going to at least expand to NYC.
If you check the link above, it says the following; (from Johnson School website)
Johnson and our alumni will soon have a serious presence in a major metropolitan area. Cornell University and its partner, the Technion – Israel Institute of Technology, were selected to realize New York City Mayor Michael Bloomberg’s vision for a cutting-edge NYC Tech Campus that will serve as a global magnet for tech talent and entrepreneurship. This creates exciting opportunities for both Cornell and Johnson.
While precise plans are still taking shape for this long-term project, Johnson intends to offer courses in NYC beginning with our Accelerated MBA programs for those with technical degrees like our MBA/MEng dual degree and PhD/MBA. The summer core coursework for the Accelerated MBA program will most likely be in Ithaca initially. In New York City, courses in entrepreneurship, innovation, commercialization, and others are planned.
Johnson was involved in the proposal for the new tech campus and will be involved in the realization of the campus and its offerings. Our school will work on the management of entrepreneurial and commercialization efforts - helping to guide new business start-ups based on graduate and PhD research. Johnson entrepreneurs and venture capitalists will serve as advisors, along with other experts from the NYC area.
Senior administrators from Cornell and Johnson will work over the next several months to develop a multi-year plan to be rolled out over the next three decades. Although details are still tentative, what is known is that the NYC tech campus has the power to transform Cornell, Johnson, and New York City.
Just trying to clarify your original post, in which you said the school was almost confirmed as moving. The Tech Campus gives Cornell a lot of opportunities to expand all its graduate programs, to include time/semester spent in New York. I wouldn't be surprised if the Urban Semester for undergrads is expanded as well.
It seems like they are about to expand its program to NYC. I don't know how much $$$ they spent on renovating Sage, but I would bet it's a lot less than NYC Tech Campus (over $2 billion). As Gorges' link says, "courses in entrepreneurship, innovation, commercialization, and others are planned," which are HUGE. I agree with you that it's a long term project but it specifically mentions about the accelerated MBA program as its initial phase.
Yes, it is a "tech campus" but a tech campus needs a business school/program. The main purpose of this initiative is to create start-ups in NYC and start-ups need business skills and knowledge. Even Stanford's proposal included its plan of building Stanford GSB on Roosevelt Island. They are trying to build interdisciplinary "hubs".
That's why having Weill Cornell Medical College right across RI was a huge advantage for Cornell in winning its bid; each school can work together and create synergy.
We will have to wait and see for more detailed plans...
I'll reserve judgment on the project until it's actually implemented and some time passes. I saw the presentation Skorton made and I'm impressed. Cornell clearly did its homework, but this project is still a huge gamble. NYC is not a tech hub and the model they are proposing of supporting entrepreneurship with tech innovation/education is not an easy one to execute. It sounds forward thinking to me, but no way to know if it really is the next model for development. Regardless, it's a worthy experiment, but if it fails, it will be costly for Cornell. I'm definitely optimistic and the plan had my support, but there's a huge gap between an impressive plan and impressive success.
I think it will be successful. Those who couch it as a "new Silicon Valley" are mistaken. SV and the broad tech firms (info management, personal computer manufacturers) emerged in a very unique time, place, and culture that simply cannot be replicated - especially not by politicians and academics.
That said, the next evolution of technology is by the creatives and focused specifically on industries and niche markets. That's where New York - the hub of many industries - is well positioned. It will never house the next Google or Apple, but it could house the next great tech firm creating platforms specifically for the fashion industry, finance, medicine, and entertainment.
My bias aside, Cornell was the right choice because there's a broad passion amongst the alumni who work in these fields to make the school successful and utilize its resources for themselves.
Cornell clearly did its homework, but this project is still a huge gamble. NYC is not a tech hub and the model they are proposing of supporting entrepreneurship with tech innovation/education is not an easy one to execute. It sounds forward thinking to me, but no way to know if it really is the next model for development. Regardless, it's a worthy experiment, but if it fails, it will be costly for Cornell.
I agree that supporting entrepreneurship with tech innovation/education is not an easy one to execute. However, I disagree with your "huge gamble" statement. As you said, it's definitely worthy to try because the benefits outweigh the costs. Regardless of the outcomes of successful startups, this campus will provide the following (obvious, yet significant) benefits:
a. Enhanced commercialization of Cornell research.
b. Different kinds of faculty, staff and students than are attracted to Ithaca.
c. More physical research space and funding opportunities.
d. More opportunities in urban settings where both graduate and undergraduate students may engage in internships and what’s going on there.
e. Stronger alumni base in THE financial, commercial, and cultural city of the world, I would say.
For this valuable “opportunity” alone to gain these huge benefits, the project is not a “huge gamble" but rather a wise “investment" with great leverage. Also, many other universities can't even imagine building a campus in NYC from ground up; this is a huge opportunity. I agree with applejack that NYC should be NYC, not SV. Cornell is an excellent university with great experience in capital projects; Cornell can definitely make it successful (and that’s why EDC chose Cornell over 17 institutions).