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Cornell Funds New York City Campus for Internet Start-Ups

Mark Zuckerberg

Cornell University, one of the most innovative universities in the nation, is spending $2 billion for a graduate campus in Roosevelt Island dedicated to supporting the future Mark Zuckerbergs. Cornell has plenty of influence and big donors, including Bill and Melinda Gates who gave $25 million to build a new computing and information science hall. The new Cornell project promises to nurture start-ups from the very first stages until final release.

The main focus is eLab which enables students to develop their online businesses through classroom work and mentorship, culminating in an end-of-the-year demo day to display the fruits of their efforts. PopShop is also an essential initiative, launched and managed by students, which creates essential workspace for those developing their online dreams. Ali Hamed, 22, a recent graduate and one of the founders of PopShop said, “I think college can be a catalyst for entrepreneurship. Being in Ithaca was great, because you were forced to be in this tightknit community.”

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Even as this new campus, located in Manhattan, might not be as tightknit, it promises to provide future start-up visionaries space and support to innovate.



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