NEW YORK–(BUSINESS WIRE)–Google Inc. CEO Larry Page announced today that Google will allocate 22,000 square feet of its New York headquarters to CornellNYC Tech, while the university completes its campus on Roosevelt Island. He was joined by New York City Mayor Michael R. Bloomberg, Cornell President David Skorton and Technion\u2019s Director Craig Gotsman at a press conference this morning at Google New York. The space will allow Cornell to build its presence in New York in close proximity to the tech companies and entrepreneurs with whom it will collaborate. This arrangement represents Google, Cornell, Technion and the City of New York\u2019s commitment to educating and developing tech talent in New York City.<\/p>\n
\u201cWe are proud to be launching CornellNYC Tech in what is becoming the center of the tech world\u201d<\/strong><\/p>\n Google will initially provide Cornell with 22,000 square feet of office space on July 1, 2012, free of charge for 5 years and 6 months or until the completion of Cornell\u2019s campus on Roosevelt Island\u2014whichever occurs first. Additionally, Cornell will be able to expand to 58,000 square feet over five years as it builds its presence in New York City.<\/p>\n \u201cI\u2019m passionate about breaking ground in science and engineering because technology has driven many of the advances humankind has made,\u201d said Google CEO Larry Page. \u201cBut we still don\u2019t have enough people working in these areas. It\u2019s why I am tremendously pleased that Google is giving Cornell the office space to get their new engineering university up and running in New York City.\u201d<\/p>\n \u201cWe\u2019re about to find out what happens when you marry one of the world\u2019s most innovative companies with one of the most innovative economic development strategies any city has undertaken,\u201d said Mayor Bloomberg. \u201cWhen we first envisioned the Applied Sciences initiative, we hoped the winning school would establish strong relationships with the tech sector. But this kind of synergy is beyond anything we could have imagined. CornellNYC Tech is well on its way to being fully integrated into New York City\u2019s vibrant tech industry, and Google\u2019s support is another huge vote of confidence for that industry. Just a few years ago, our tech sector was barely on anyone\u2019s radar screen \u2013 now, it\u2019s creating jobs and becoming a major player in our diversified economy.\u201d<\/p>\n \u201cWe are proud to be launching CornellNYC Tech in what is becoming the center of the tech world,\u201d said Cornell President David J. Skorton. \u201cThe one missing ingredient has been a pipeline of top-level tech talent, and that is what the tech campus will provide. Building on Mayor Bloomberg\u2019s vision, we are creating a new academic model for this time, this place and this industry. The key is engagement between world class academics, companies and early-stage investors to catalyze innovation. That\u2019s what we\u2019ll be creating on Roosevelt Island, and thanks to Google it\u2019s what will be happening here starting this fall.\u201d<\/p>\n \u201cWe are delighted to launch our exciting programs with Cornell University in the Google building. This space provides the optimal environment for the education and nurturing of technical talent. This is a major step towards the fulfillment of Mayor Bloomberg\u2019s vision to seed the city with entrepreneurs and start-ups. We at Technion are confident that our academic partnership with Cornell University will help build the city\u2019s tech ecosystem and boost this sector of the economy,\u201d said Technion President Peretz Lavie.<\/p>\n","protected":false},"excerpt":{"rendered":"