Jacobs' $133 Million Gift to Create Technion-Cornell Innovation Institute

Jacobs' $133 Million Gift to Create Technion-Cornell Innovation Institute

Cornell University has announced a $133 million gift from Irwin Mark Jacobs ('54), founding chair and CEO emeritus of Qualcomm, and his wife, Joan Klein Jacobs ('54), to Cornell and the Technion – Israel Institute of Technology to create the Joan and Irwin Jacobs Technion-Cornell Innovation Institute.

The institute, a centerpiece of Cornell NYC Tech, a new graduate school for entrepreneurial technologists whose permanent campus will be on Roosevelt Island in New York City, will offer a two-year interdisciplinary program through which JTCII students will be able to specialize in applied information-based sciences in one of three "hub areas" — connective media, healthier living, and the built environment — while earning dual master's degrees from Cornell and the Technion. The institute will launch a Postdoctoral Innovation Fellows Program this fall, while the specialization in connective media will be offered starting in the fall of 2014.

The Jacobs' long history of supporting Cornell and the Technion includes gifts to establish the Irwin M. and Joan K. Jacobs Scholars and Fellows Programs and the Irwin and Joan Jacobs Professorship in Cornell's College of Engineering, the Joan Klein Jacobs Cornell Tradition Fellowship in the College of Human Ecology, and the Irwin and Joan Jacobs Graduate School and the Irwin and Joan Jacobs Center for Communications and Information Technologies at the Technion.

"We are delighted to partner with Cornell and the Technion on this unique educational initiative," the Jacobses said in a statement. "We believe strongly in the mission of this international collaboration to drive innovation and to foster economic development. We are proud of our long association with both of these distinguished institutions and share their dedication to inspire and train a next generation of entrepreneurs, forming new companies and strengthening existing ones including, of course, Qualcomm."

"Joan and Irwin Jacobs Give $133M to Name Cornell Tech Institute." Cornell University Press Release 04/22/2013.