Leases 10,900 Sq. Ft. in The Bridge

Roosevelt Island's Newest Neighbor: Citi Comes to Cornell Tech

Peter McCarthy
The Bridge getting its final polish in July will include Citi as part of its creative environment.
The Bridge getting its final polish in July will include Citi as part of its creative environment.
© David Stone / Roosevelt Island Daily

In July, the startup evolution of The Bridge at Cornell Tech got a major boost when Citigroup, better known as "Citi," announced a "collaboration with Cornell Tech, the revolutionary graduate institution, to engage with Cornell University students, faculty, researchers, startups and other companies, and create closer ties between academia and industry."

As we wrote in May, The Bridge, set to spring into action in September, "...is a first-of-its-kind building that will house an extraordinary mix of cutting-edge companies working alongside groundbreaking Cornell academic teams: from recent Cornell Tech graduates hustling to commercialize a new idea, to start-ups on the verge of explosive growth, and established companies developing leading edge technologies and products."

Getting on board, Citi agreed to lease 10,900 square feet from Forest City, the developer hired by Cornell Tech to catalyze the state of the art nexus for technical creativity.

"Citi will tap into the expertise of Cornell Tech students and faculty to work closely on new capabilities and emerging technologies such as blockchain, machine learning and big data applications, biometric authentication, Internet of Things, and cyber security," according to a spokesperson.

Adds Don Callahan, Citi’s Head of Operations and Technology, “Co-locating in The Bridge with companies, entrepreneurs and students will create an energized environment that fosters innovation and enables interaction with a wide range of emerging talent.”

The concept is broad.

On the academic/commercial menu are "new capabilities and emerging technologies such as blockchain, machine learning and big data applications, biometric authentication, Internet of Things, and cyber security."

The "Internet of Things" is a newer term that relates to computerizing the operation of everyday objects, like refrigerators, air conditioners and cars.

More practically for the bank, the move opens opportunities to explore "real-world solutions for Citi’s clients and customers, through Product Challenges in Cornell Tech’s Product Studio class, where student teams develop innovative new digital solutions working with companies and nonprofits."

“Collaborations like this one will bring The Bridge and the entire campus to life when we open on Roosevelt Island this fall,” promised Cornell Tech Dean Dan Huttenlocher. 

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