Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, announced a $50 million investment in Cornell Tech. The investment includes a significant gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City. In recognition of the gift, Cornell Tech has inaugurated the Tata Innovation Center on Roosevelt Island. The center, formerly known as The Bridge, brings academia and industry together under one roof to share ideas and research on next-generation digital technologies and how to commercialise new areas of collaboration.

 

"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 Natarajan Chandrasekaran, Chairman of the Tata Group. "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 US business and local communities."

 

"The Tata Innovation Center will become a 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," said Martha E. Pollack, Cornell University President. "Cornell Trustee Ratan Tata '59, Barch '62 and the Tata family of companies have long supported innovation at Cornell and our new partnership with Tata Consultancy Services will drive innovation at Cornell Tech, helping the campus reach its full potential for education, research and societal impact."

 

"New York City has been proudly partnering with TCS for years, including their sponsorship of the TCS New York City Marathon, work with local schools, and so much 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. 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," added Mayor Bill de Blasio.