Tata Consultancy Services Dec. 4 announced a $50 million investment in Cornell Tech, which launches a partnership for collaborating on technology research and expanding K-12 digital literacy programs in New York City.
Additionally, with the gift, Cornell Tech has inaugurated the Tata Innovation Center on Roosevelt Island, bringing academia and industry together under one roof to share ideas and research on next-generation digital technologies and how to commercialize new areas of collaboration, TCS and Cornell Tech said in a joint news release.
“Tata Group and TCS have a long and celebrated history of investments in education and institution building in the communities in which we operate,” said Tata Group chair Natarajan Chandrasekaran in a statement.
“The Tata Innovation Center will drive applied research and collaboration between Cornell, industry and the startup ecosystem in emerging areas including human machine interaction and cyber security, benefiting both U.S. business and local communities," he said.
Cornell University president Martha E. Pollack added that the center will serve as the hub for New York's tech sector and a global icon for how academia and industry can collaborate to leverage technology for the greater good.
New York Mayor Bill de Blasio commended TCS for its years of partnering with the city, which includes the New York City Marathon, with local schools and many more.
“TCS' new partnership with Cornell Tech will help drive New York's economic competitiveness and advance digital literacy programs to reach even more schools across the city,” the mayor said in a statement. “Through this critical engagement, Computer Science for All, the Tech Talent Pipeline, and more, we are working to keep New York City a leader in the 21st century economy and ensure that everyone has the opportunity to share in the growth and success of the tech industry.”
The center will feature a first-of-its-kind building where an extraordinary mix of cutting-edge companies from diverse industries have the opportunity to work alongside groundbreaking Cornell academic teams, according to the news release.
It features meeting areas on each level, including a light-filled, multi-level tech gallery and a rooftop terrace sheltered by a solar trellis.
“Our joint research with Cornell Tech is designed to fully leverage their campus ecosystem and TCS' industry leading technical expertise to develop solutions that empower notable transformation and talent development across industries in an era of Business 4.0,” said Rajesh Gopinathan, CEO and managing director of TCS.
TCS will leverage Cornell Tech's academic expertise to design education programs that introduce students to new digital technologies such as artificial intelligence, blockchain and cybersecurity, it said.
Cornell Tech will leverage TCS' industry expertise and host their Ignite My Future in School program for educators across all five boroughs, starting with two school districts from Manhattan and Queens in January 2018, the release added.
Additionally, TCS will also offer its award winning flagship education program, goIT, to students and schools served by Cornell Tech's K-12 initiative, the news release said.