Israeli tech school’s president says center can be 'half aliyah' for expat faculty.
Assistant Managing Editor
New York’s planned Innovation Institute jointly run by Cornell University and Israel’s Technion-Israel Institute of Technology has met more than half its fundraising goal thanks to a $133 million donation from Irwin Jacobs, a founder of Qualcomm, and his wife, Joan.
The gift was announced Monday and will be divided equally between Cornell University and the New York-based American Technion Society, which supports the Institute in Haifa, Israel.
Cornell partnership cements a reputation for high-tech research and development that’s been building for 100 years.
Jerusalem — When Mayor Michael Bloomberg announced last month that the Technion, Israel’s Institute of Technology, and Cornell University had won a bid to create a state-of-the-art technological campus on Roosevelt Island, it confirmed what Israelis already know: that the Technion, with its reputation for innovation and Nobel Prize-winning scientists, is as respected abroad as it is in Israel.
Involvement of Technion in city’s Roosevelt Island campus to advance Israel’s cause, as well as scientific study, envoy says.
When Israel’s Technion Institute was founded in 1912, it was a New Yorker — philanthropist Jacob Schiff — who provided the money to complete the first building.
A century later, with the Haifa university chosen, in partnership with Cornell University, to build a groundbreaking and ambitious applied sciences campus on Roosevelt Island, “now is the chance for the Technion to give back to New York” says Paul Feigin, the university’s senior executive vice president.