New York Taps Into Israeli Institute's Expertise

Hoping to Foster the Next Silicon Valley, New York Taps Into Technion-Israel's Expertise 1

Eduardo Munoz, Reuters

Forming a groundbreaking alliance are, from left, Peretz Lavie, president of the Technion, in Israel; David J. Skorton, president of Cornell U.; and Michael Bloomberg, mayor of New York.

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close Hoping to Foster the Next Silicon Valley, New York Taps Into Technion-Israel's Expertise 1

Eduardo Munoz, Reuters

Forming a groundbreaking alliance are, from left, Peretz Lavie, president of the Technion, in Israel; David J. Skorton, president of Cornell U.; and Michael Bloomberg, mayor of New York.

A century after a New York banker donated $100,000 to help establish what would become the Technion-Israel Institute of Technology, his hometown is reaping the benefits of his generosity.

Last month the Technion, Israel's oldest university, and Cornell University won a closely watched competition to build an applied-sciences campus in New York City, with a goal of spurring technology-driven economic growth in the city. As part of its winning bid, Cornell and the Technion plan to

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