The Indian Institute of Technology (IIT), Mumbai and Amity University, Noida have submitted bids to the city of New York to set up a science and engineering campus here. The plan, prepared by Mayor Michael Bloomberg has a total number of 15 bidders which are institutes from all over the world including two Indian institutes. The plan has been made by the mayor for the purpose of local economic growth and creating jobs.
Bloomberg, in a press conference in the city, says, “Name of the institute selected to set up the engineering and applied sciences campus would be announced in January after an extensive selection process that will choose a project which generates the greatest benefit to the city and its taxpayers.” The winner of the ‘Applied Sciences NYC’ will get many incentives such as free city land and US $ 100 million capital for the project.
IIT Mumbai is actually part of a consortium that includes New York University, University of Toronto, UK's University of Warwick, City University of New York and Carnegie Mellon. The consortium has proposed to build an urban science and research centre in Brooklyn. The centre will give admissions to 500 graduate students. However, Amity University has given a proposal to build a campus in Governor’s Island near New York.
The other institutes who are involved in Applied Sciences ‘Request for proposals’ are Steiner Studios, Columbia University, Cornell University, Technion-Israel Institute of Technology, New York Genome Center, Mount Sinai School of Medicine, Rockefeller University, SUNY Stony Brook and Stanford University.
According to Bloomberg, "Universities are always a major magnet for talent - and the world's most dynamic companies always gravitate to places where they can find the best and the brightest." He further added, "Along with everything we are doing to diversify and strengthen our economy, a new applied sciences campus has the potential to be a real economic game changer that will create jobs immediately, and for generations."
The proposals that have been submitted have plans for new facilities ranging from 400,000 square feet to over two million square feet. Also, the institutions proposals have given plans of private investments of more than $800 million in the first phases of their projects which could be increased to $2.5 billion over the long-term.