Alicia Green, Deputy Mayor for Housing and Economic Development in NYC, recently announced the establishment of the VR/AR hub for business creation, education, investment, research and training. The NYU Tandon School of Engineering has been chosen to develop and operate this – the first ever government funded hub at a 15,000 square foot space in the Brooklyn Navy Yard.
Students will be able to prepare at these hubs for careers in both these sectors (Virtual and Augmented Reality). Meanwhile the NYCEDC (New York City Economic Development Corporation) together with (MOME) the Mayor’s Office of Media and Entertainment has invested $6 million into the incubator.
It is hoped that this will result in: the support of new ventures (equipment, infrastructure and workspace) to startups; create a citywide VR/AR talent pipeline; ensure that the area has the highest quality VR/AR research center through expertise of those from NYU, Columbia, CUNY, to expand technological advance in these fields; develop the VR/AR Community and activate innovation in the field.
The time has come for New York’s economy to undergo a complete overhaul. According to Mayor Bloomberg, this needs to happen to get the wheels in motion as it were and be a catalyst to growth. In light of this aim, he has set up an extremely extensive program encompassing land and money for a new applied-science campus.
This idea has gained much support from institutions around the world such as: Canada, Finland, India, Israel, South Korea, Switzerland, the UK and the US. Three years ago Bloomberg was in touch with both Cornell University and Technion Institute, constructing a 2 million-square-foot campus on Roosevelt Island. It is due to open in 2017.
This is just one of four initiatives happening in New York right now. Others are: NYU guiding universities around the world to develop a Center for Urban Science and Progress in Brooklyn, Carnegie Mellon is setting up in the Brooklyn Navy Yard and an expansion is taking place in Columbia’s engineering school.
It is expected that these four initiatives will double the amount of students in New York in the field of applied sciences. As well, there are predictions that it will result in “tens of billions of dollars in economic impact and hundreds of thousands of new jobs at companies that emerge from the research of these professors and students.”
This is the way to go Mayor Bloomberg toward putting New York back on the global economic map.