Cornell Tech will open its new 12-acre Roosevelt Island campus in summer 2017, in part due to a recent $50 million gift from Verizon which will go towards developing the innovative Verizon Executive Education Center.
According to the Cornell Tech press release, “The center will be a place for the entire tech community to gather, a convening place to leverage the impact the campus has on technology beyond its degree programs. The center will be part of the first phase of the campus, which began construction last month and is due to open in the summer of 2017.”
The center in particular and Verizon’s involvement in general will not just contribute to active technological innovation, but will “facilitate direct collaboration with other companies and Cornell Tech students to bring cutting-edge ideas to market.” It will facilitate cross-sector learning – for students, corporations, and customers, and will increase the number of internships, full-time positions, and scholarships for Cornell Tech students.
Lowell McAdam, Verizon Chairman and CEO, says: “Our donation to Cornell Tech is an investment in the future and fits perfectly with our mission to use communications technologies to solve big challenges and make people’s lives better. The Verizon Executive Education Center will be a magnet for developers, entrepreneurs, educators and innovators across all industries, building on the great talent and creativity we already have in the tech sector here in New York City.”