New Columbia institute to advance NYC tech industry

Columbia University will start an Institute for Data Sciences and Engineering in New York City. The institute, which will be housed at Columbia’s existing campuses in Morningside Heights and Washington Heights, is expected to employ 75 new faculty members over the next 15 years, writes Henry Goldman for Bloomberg.

This is according to a news release from the city announcing the plan. The agreement includes the creation of 4,000 square metres of applied science and engineering space by 2016. New York City will provide $15 million in financial assistance, including discounted-energy transmission costs and partial debt forgiveness, according to the release.

Mayor Michael Bloomberg has made developing the city’s technology industry a major initiative. Cornell University in Ithaca, New York, and its partner Technion-Israel Institute of Technology, last year won a city contest to build an engineering campus with a grant of land on Roosevelt Island and $100 million for infrastructure improvements. Columbia’s plan is another advance, the mayor said.
Full report on the Bloomberg site