Applied Sciences & Higher Education: A Panel Discussion | CUNY TV Presents ABNY


>>>THANK YOU. THANK YOU ALL FOR COMING. WHAT A PANEL WE HAVE UP HERE TO DISCUSS REALLY A — AN IMPORTANT ISSUE TO OUR CITY. AND TO OUR STATE AND TO OUR COUNTRY, EDUCATION. I THINK OUR MAYOR DAVID DINKINS AND HOWARD WOULD REMEMBER ONE OF THE GREAT INITIATIVES THAT ABNY DID IS NEW YORK WAS A COLLEGE TOWN. WELL HERE IT IS RIGHT IN FRONT OF YOU. THESE ARE SOME OF THE LEADERS OF OUR GREAT EDUCATIONAL INSTITUTIONS AND WE’RE HAPPY TO HAVE YOU ALL HERE THIS MORNING TO TALK ABOUT INNOVATION AND ECONOMIC GROWTH, HOW DO WE ATTRACT TALENT AS WELL AS EMPLOYEES AND TO MAINTAIN AND EXPAND OUR DOMESTIC AND GLOBAL COMPETITIVENESS. RACHAEL IS MANAGING DIRECTOR OF 1776, A GLOBAL INCUBAOR AND SEED FUND COMPANY WITH A MISSION TO BE INCLUSIVE AND TO ATTRACT AND RETAIN BUSINESSES TO NEW YORK CITY. RACHAEL’S BACKGROUND IS MULTIFACETED WITH HER WORK IN THE CITY AND STATE AS BEING THE LEAD TECH PERSON WORKING WITH THE GOVERNOR AND THE MAYOR. SO WITHOUT FURTHER ADO, PLEASE GIVE A ROUND OF APPLAUSE FOR OUR PANEL. AND I’LL HAND OFF THE MIC TO RACHAEL. THANK YOU.>>VERY HONORED TO BE MODERATING A DISCUSSION OF — SO TIMELY, SO IMPORTANT AND SO CRITICAL TO NEW YORK CITY AND NEW YORK STATE. SO HONORED TO BE HERE. WE HAVE LIMITED TIME. AND A FANTASTIC GROUP OF INDIVIDUALS AND LEADERS OF OUR HIGHER LEARNING INSTITUTIONS HERE IN NEW YORK CITY. SO WE’RE ACTUALLY GOING TO FOREGO INTERDUCTIONS. WE’RE GOING TO DIVE RIGHT IN. WE’RE GOING TO KICK OFF WITH SOME TIMELY NEWS. SO JUST YESTERDAY THERE WAS A LARGE ANNOUNCEMENT FROM NEW YORK UNIVERSITY AND SINCE WE ARE HERE AT ABNY ORGANIZATION FOCUSED ON CONTINUING TO INVEST IN THE FUTURE OF NEW YORK, THIS IS A GREAT INDICATOR AND SHOW OF COMMITMENT TO THE FUTURE OF INNOVATION IN NEW YORK CITY. PRESIDENT HAMILTON, YOU KNOW, EVERYWHERE WE LOOK WE SEE THAT INSTITUTIONS OF HIGHER LEARNING ARE GROWING AND EXPANDING AND A SIGNIFICANT EXPANSION ACROSS YOUR WASHINGTON SQUARE CAMPUS AND FACILITIES ACROSS THE CITY. WHAT IS DRIVING THIS INVESTMENT? CAN YOU TALK A LITTLE BIT ABOUT THE MOST RECENT NEWS? AND WHY — AND SINCE WE ARE HERE IN NEW YORK CITY, WHAT IS SO SPECIAL AND UNIQUE TO NEW YORK CITY IN ALL OF THIS?>>RACHAEL, THANK YOU. AND LET ME BEGIN BY THANKING BILL RUDEN, ALL OF YOU FOR BEING HERE. BILL IS WONDERFUL MEMBER OF NYU’S BOARD OF TRUSTEES. AND, OF COURSE, YOU’LL ALL SEE AND RECOGNIZE THAT RACHAEL HERSELF IS AN ALUM NYU. SO WE’RE CONNECTED VERY MUCH THROUGHOUT THIS ROOM. A RIFD AT NYU A YEAR AGO FROM OXFORD UNIVERSITY AND ONE OF THE THINGS THAT BROUGHT ME HERE WAS THE INCREDIBLE DINISM OF NYU AND OBVIOUSLY OF THE CITY THAT HOSTS THE UNIVERSITY. AND FOR ME, THIS RECENT ANNOUNCEMENT THAT RACHAEL MAKES REFERENCE TO IS A VERY IMPORTANT SIGNAL. IT’S A FURTHER FOCUS OF NYU ON TWO THINGS, TWO FUNDAMENTAL THINGS AND ONE IS APPLIED SCIENCE AND ENGINEERING AND CONNECTION TO THE ARTS AND THE SECOND IS TO BROOKLYN. SO IT WILL BE A MAJOR INVESTMENT IN OUR FACILITIES IN BROOKLYN. HALF OF THOSE, MANY OF WHO YOU KNOW BROOKLYN WILL REMEMBER THE OLD NTA BUILDING THAT THE METROPOLITAN TRANSPORT AUTHORITY BUILDING ON 370 J. IT’S A 500,000 SQUARE FOOT BUILDING. IT WAS GIVEN TO NYU AS PART OF THE MAYOR BLOOMBERG APPLIED SCIENCE INITIATIVE. AND FOR US IT’S NOW BECOMING OUR MTA BUILDING. BUT MTA FOR NYU STANDS FOR IMMEDIATE YASHGS TECHNOLOGY AND THE ARTS — MTA FOR NYU STANDS FOR MEDIA, TECHNOLOGY AND THE ARTS. WE WILL BRING FACULTY AND RESEARCHERS FROM THE ENGINEERING SCHOOLS, THE FORMER BROOKLYN AND NOW THE TANDEM SCHOOL OF ENGINEERING. WE’LL BRING THEM TOGETHER WITH DATA SCIENTISTS, WITH STORYTELLERS FROM THE TISH SCHOOL OF THE ARTS. AND THAT WILL ALLOW US TO CREATE IN THE MTA BUILDING A REAL HUB, A REAL FOCAL POINT FOR THE GENERATION OF NEW IDEAS AND FROM THAT, OF COURSE, WILL COME NEW START-UP COMPANIES, NEW DISCOVERIES THAT WILL BENEFIT ENORMOUSLY NOT ONLY BROOKLYN BUT ALSO WIDER NEW YORK. AND YOU ASK ME, RACHAEL, WHY NEW YORK? WHY IS THIS SUCH A SPECIAL ENVIRONMENT? OF COURSE IT’S A SPECTACULAR ENVIRONMENT FOR THIS. I THINK YOU SEE IN THE ROOM TO DATE PANELISTS WITH ME ALL OF YOU. PARTNERSHIP THAT IS POSSIBLE HERE THAT HAS BEEN POSSIBLE OVER MANY DECADES AND CENTURIES WE SEE NOW NEVER MORE IMPORTANT FOR THE DEVELOP MENT OF THE CITY. AS THE ECONOMIC DRIVERS OF NEW YORK CITY BEGIN TO CHANGE, THE IMPORTANCE OF HIGH-TECH, BIOTECH, THE ARRIVAL OF GOOGLE AND FACEBOOK. AS THE ALEXANDRIA CENTER UP ON THE EAST SIDE PLAYS A KEY ROLE IN THE CREATION OF NEW TECHNOLOGY AROUND BIOTECH. THIS CITY AND ITS RELATIONSHIP TO ITS GREAT UNIVERSITIES, MOST OF WHICH REPRESENTED HERE TODAY, THAT WILL BE A VITAL DRIVING FORCE FOR ECONOMIC GROWTH AND PROSPERITY. AND FOR ME, IT’S THE OPPORTUNITY AND FOR US AT NYU, THE OPPORTUNITY IN BROOKLYN TO SEE, BRING IN, FOR EXAMPLE, LET ME GIVE YOU AN EXAMPLE. THE CENTER FOR OPEN PROGRESS ALLOWS US TO DEVELOP THIS IMPORTANT EXCITING NEW FIELD OF URBAN INVESTIGATION. DEEP AND MATHEMATICAL LEVEL OF NATURE OF URBAN LIFE AND THE WAY IN WHICH PEOPLE INTERACT WITH THEIR CITIES. THIS WILL BE PART OF THE INVESTMENT IN BROOKLYN. AND AS I SAID, REINFORCE FURTHER BY THE OPPORTUNITY AT NYU TO BRING THE WIDE RANGE OF ACTIVITIES FROM THE ARTS TO MUSIC, TO EDUCATION TO BEAR ON THIS PLACE OF — WHAT WILL BECOME A VERY IMPORTANT ECONOMIC ENGINE.>>THANK YOU. OF COURSE, EVERYONE OF THE INSTITUTIONS REPRESENTED UP HERE IS CONTINUALLY MAKING VERY SIGNIFICANT CONTRIBUTIONS TO NEW YORK CITY. BUT THAT’S A GREAT RESOUNDING EXPRESSION OF WHY IT IS SO IMPORTANT. OF COURSE, WE HAVE CORNELL TECH OPEN TO THE FIRST STUDENTS VERY SOON. AND SORT OF ALL OF US TOGETHER ARE PLAYING INTO THIS ECOSYSTEM OF INNOVATOR THAT’S SPAN THE CITY. SO IT’S PRETTY CLEAR THAT THE MAJORITY OF, YOU KNOW, NEW JOBS ARE GOING TO BE DRIVEN BY THE INNOVATION ECONOMY, THE MAJORITY OF NEW JOBS ARE CREATED BY ENTREPRENEURS, MOST OF THEM ARE USING JUST SORT OF GO BACK TO OUR THEME TODAY, MOST OF THEM ARE APPLIED SCIENCES TO CREATE THE NEW COMPANIES, TO BUILD THESE NEW BUSINESSES THAT ARE NOT ARE NOT CREATING NEW COMPANIES BUT DISRUPTING THE BUSINESS MODELS ACROSS IS THEY. WE KNOW IT’S IMPORTANT. AS COLLECTIVELY INSTITUTIONS OF HIGHER LEARNING THINK ABOUT HOW THEY’RE PREPARING THE FUTURE WORKFORCE AND THINK ABOUT HOW YOU CAN, FOR EXAMPLE, PREPARE STUDENTS FOR A JOB THAT DOESN’T EXIST YET, ONE THING THAT WE’RE — THAT AT 1776 AND INNOVATION ECONOMY WE’RE THINKING ABOUT A LOT IS HOW DO YOU MEASURE SUCCESS IN THOSE AREAS? IN SCHOOLS YOU HAVE GRADE. WHAT DOES THAT LOOK LIKE WHEN YOU’RE MEASURING THE ABILITY OF A SCHOOL TO PREPARE SOMEONE FOR OUTSIDE WORLD, FOR THE PRIVATE SECTOR? SO PRESIDENT BOLDENGER, WE KNOW THERE ARE NO GRADES IN BUSINESS, HOW DO YOU MEASURE THE OUTCOMES OF INITIATIVE THAT ARE GEARED TOWARDS SUPPORTING EDUCATION AND APPLIED SCIENCES AND POTENTIALLY CAREERS IN THE INNOVATION ECONOMY, CAREERS OF ENTREPRENEURS AND CREATION OF NEW BUSINESSES AND WHAT — WHAT’S YOUR THINKING ON THOSE METRICS?>>WELL, I — FIRST OF ALL, THANK YOU VERY MUCH FOR HAVING ME. I’M NOT QUITE SURE I CAN ANSWER YOUR QUESTION BUT I’LL TRY. LISTENING TO ANDY MAKES ME INCREDIBLY ENTHUSIASTIC FOR THE CITY. AND ENTHUSIASTIC FOR ACADEMIC LIFE IN AMERICA AND BEYOND. AND THE REASON I SAY THAT IS BECAUSE WHEN I STARTED AT COLOMBIA IN 2002, IT WAS VERY CLEAR TO ME AND CLEAR TO A LOT OF PEOPLE INCLUDING MAYOR BLOOMBERG AND OTHERS THAT — AND THIS GROUP, BY THE WAY. VERY CLEAR THAT NEW YORK CITY HAD TO DEVELOP AN ATTITUDE AND THE CONDITIONS FOR TRULY, TRULY GREAT ACADEMIC INSTITUTIONS IN THE CITY. SO EVERY SINGLE MAJOR CITY IN AMERICA HAS TWO OR THREE OR FOUR VERY SIGNIFICANT ACADEMIC INSTITUTIONS. HARVARD IS BETTER FOR MIT. AND MIT IS BETTER FOR HARVARD. UCF, STANFORD, BERKELEY, ALL OF THESE INSTITUTIONS DEFINE A METROPOLITAN SPACE. YOU CAN’T HAVE AS GREAT A UNIVERSITY, A SINGLE UNIVERSITY AS YOU CAN IF YOU HAVE A COLLECTION OF ACADEMIC INSTITUTIONS. AND IN ORDER FOR THOSE INSTITUTIONS TO BE THERE AND TO THRIVE, THEY HAVE TO GROW. I MEAN THIS IS ONE OF THE THINGS THAT WAS SO TRAGIC, I THINK, ABOUT NEW YORK CITY ACADEMIC INSTITUTIONS. CERTAINLY TRUE OF COLOMBIA BECAUSE IF YOU GO BACK TO THE GYM CONTROVERSY OF COLOMBIA IN 1968, MANY KNOW THE CONTROVERSY BY THAT REFERENCE, IT REALLY STOPPED COLOMBIA FROM BEING ABLE TO EXPAND DURING THE ’70s, ’80s AND EVEN INTO THE ’90s. SO THE ISSUE WE HAD TO UNDERTAKE IS HOW TO ACTUALLY CREATE A NEW CAMPUS AT COLOMBIA AND NEW FACILITIES AROUND THE EXISTING CAMPUSES. WE’RE JUST NOW OPENING THE FIRST NEW CAMPUS AT COLOMBIA IN OVER 100 YEARS. WE JUST HAD THE OPENING IN OCTOBER. THE BEHAVIOR INSTITUTE, THE ZUCKERMAN BEHAVIOR INSTITUTE IS THE BEST PLACE FOR NEUROSCIENCE AND WORK ON THE MIND ANYPLACE ON THE PLANET. THE 60 LABS, THE GREATEST SCIENTISTS, INNER DISCIPLINARY, IT CONNECTS WITH EVERYTHING ELSE. IT DEFINES WHAT IT MEANS TO HAVE A NEW CAMPUS, SCHOOL OF THE ARTS RIGHT NEXT DOOR, ET CETERA, ET CETERA. 18 ACRES, EIGHT MILLION SQUARE FEET, 50 YEARS OF BUILDING. SO WHY NYU CAN EXPAND IS FANTASTIC, SO CAN COLOMBIA AND SO CAN CORNELL AND SO CAN CITY UNIVERSITY. AND THIS IS REALLY A VIBRANT, VIBRANTPLACE NOW. I THINK THE ANSWER TO THE QUESTION TO MY MIND STARTS WITH JUST PURE ACADEMIC EXCELLENCE. I MEAN IT IS JUST A FACT OF LIFE THAT THERE ARE ONLY SO MANY TRULY SMART GIFTED, CREATIVE ACADEMIC TYPE OF PEOPLE IN THE WORLD. AND THE INSTITUTIONS THAT BRING THOSE TOGETHER AND CREATE THE CONDITIONS FOR DISCOVERY OF NEW KNOWLEDGE ARE GOING TO BE THE PLACES THAT END UP HAVING THE GREATEST, EXCITING BUSINESSES AROUND THEM. AND BUSINESS PEOPLE, PEOPLE WHO ARE IN START-UPS AND ESTABLISHED BUSINESSES WANT TO BE AROUND THE REALLY CREATIVE PEOPLE. THEY WILL COME AND YOU CAN CREATE THE SPACES FOR THEM. YOU CAN DO SORT OF A TECHNICAL THINGS AND THE FACT OF THE MATTER IS GENIUS THAT IS THE DRAW. AND WE ARE NOW IN THE PROCESS OF DRAWING BRILLIANT PEOPLE INTO NEW YORK CITY AND RETAINING THEM. I MEAN, EVERY ONE OF US, I’M SURE, AT THIS TABLE HAS EXAMPLE AFTER EXAMPLE OF JUST WHAT I’M TALKING B YESTERDAY I MET WITH TWO PEOPLE. WE ARE RECRUITING FROM YALE. YALE IS DEEPLY, DEEPLY UPSET ABOUT LOSING THESE PEOPLE. WE ARE DEEPLY, DEEPLY HAPPY ABOUT HAVING THEM COME. IT JUST GOES ON AND ON LIKE THAT. IF THE MEASUREMENT OF SUCCESS IS SOMETHING THAT JUST GRATS ON THE ACADEMIC MIND BECAUSE IT’S VERY, VERY DIFFICULT TO MEASURE THE SUCCESS OF GREAT ACADEMIC WORK, THAT SAID, THERE IS SOMETHING ABOUT THE MODERN CULTURE THAT IS — WANTS TO DO WHAT YOU’RE DOING AND I THINK WHAT EVERYBODY AT THIS TABLE IS TRYING TO HELP STIMULATE AND SUPPORT. AND THAT IS ENTREPRENEURSHIP, APPLIED WORK, REAL PROJECTS, AN EFFORT TO TRY TO GET THEIR INSTITUTION TO ENGAGE WITH THE WORLD MORE THAN IT MAY BE INCLINED. AND COMING ALONG WITH THAT IS A SENSE OF WE WOULD LIKE TO KNOW WHETHER WE’RE SUCCESSFUL OR NOT. BUT ALL OF THAT IS BUILT ATOP APPROPRIATELY THIS PROFOUND ORGANIZATION OF VERY, VERY BRILLIANT PEOPLE, ORGANIZED IN A WAY THAT IS UTTERLY BIZARRE. NO SANE PERSON WOULD DESIGN A YOU UNIVERSITY THE WAY WE HAVE UNIVERSITIES. INVITE BRILLIANT YOUNG PEOPLE TO COME IN, GIVE THEM A LIFETIME JOB, HAVE NO REAL SUPERVISION. I MEAN THAT’S — OVERSTATED. THEY COME TO WORK EVERY DAY. THEY WRITE THE BOOKS, THEY’RE IN THE LAB. THEY PRODUCE UNBELIEVABLE THINGS. GREAT SUCCESS.>>WONDERFUL. I WANT TO GET BACK TO THE CREATIVE FRICTION THAT CAN RESULT IN SOME OF THE COMPETITION YOU WERE MENTIONING. IT’S THAT FOUNDATION OF LEARNING WHICH IS SO CRITICAL WHICH I’LL TOUCH ON LATER ON. JUSTINING WITH THIS THREAD OF THE INTERACTION BETWEEN ACADEMIA AND THE PRIVATE SECTOR AND ENTREPRENEURS, WE WERE TALKING ABOUT APPLIED SCIENCES. SO HOW DO YOU BRIDGE THAT GAP BETWEEN THE THEORETICAL AND THE PRACTICAL? HOW DO YOU, FOR EXAMPLE, ENSURE THAT WHAT IS BEING TAUGHT IN THE CLASSROOM IS CURRENT AND WHAT IS NEEDED IN THE INNOVATION ECONOMY? DOES THE PRIVATE SECTOR PLAY A ROLE? SHOULD IT OR SHOULD IT NOT?>>CORNELL TECH WE HAVE BOTH THE BENEFIT AND THE CHALLENGE OF BUILDING A NEW UNIVERSITY CAMPUS, A NEW GRADUATE SCHOOL CAMPUS COMPLETELY FROM SCRATCH. UNIVERSITIES ARE BIZANTINE STRUCTURES BUT CERTAINLY MEASURED IN CENTURIES, NOT IN MONTHS OR YEARS. AND WHAT WE CAN DO AS WE’VE BEEN BUILDING CORNELL TECH AND BUILDING THE JACOBS INSTITUTE WHICH IS THE PARTNERSHIP BETWEEN CORNELL AND THE TECH NEON IS REALLY QUESTIONING MANY OF THE FUNDAMENTAL ASPECTS OF HOW UNIVERSITIES ARE DESIGNED AND BUILT. AND I THINK THAT — AND WE DON’T CLAIM THAT QUESTIONING IS APPLICABLE IN EVERY ASPECT OF EVERY DOMAIN OF ACADEMIC INQUIRY. WE’RE ALSO A CAMPUS THAT IS VERY FOCUSED ON ONE THING. WE’RE A GRADUATE CAMPUS FOCUSED ON THE DIGITAL AGE. SO DIGITAL HIGH-TECH. BUT DIGITAL HIGH-TECH NAPS IN VERY STRANGE WAYS ON CONVENTIONAL ACADEMIA. SO YOU FIRST THINK OF THINGS LIKE ENGINEERING AND COMPUTER SCIENCE. BUT, YOU KNOW, THE ARTS ARE THERE AS YOU WERE JUST TALKING ABOUT. AND INVESTMENT IN BROOKLYN. THE ARTS ARE THERE. LAW, BUSINESS. IT’S NOT THAT, YOU KNOW, EVERYBODY IN A BUSINESS PROGRAM OR EVERYBODY IN AN ART PROGRAM OR EVERYONE IN A LAW PROGRAM IS FOCUSED ON DIGITAL TECHNOLOGY. BUT INCREASINGLY AS THEY PERMEATE EVERYTHING WE DO, THERE ARE BIG ASPECTS OF THE DISCIPLINES THAT ARE FUNNELED. ALLY — FUNDAMENTALLY ABOUT THE TECH. SO THEY’RE FOCUSED ON THAT DIGITAL AGE AND CUTTING ACROSS THE STRUCTURE. SO THAT IS A FAIRLY BOLD EXPERIMENT COMPARED TO THE WAY ACADEMIC INSTITUTIONS ARE CURRENTLY STRUCTURED. BUT IT’S ONE THAT’S ALLOWING US TO ATTRACT REALLY OUTSTANDING SET OF FACULTY HERE TO NEW YORK CITY. YOU KNOW, I THINK ALL OF US ARE WORKING, YOU KNOW, AS SEVERAL PEOPLE MENTIONED, TO BRING THE VERY BEST AND BRIGHTEST HERE TO NEW YORK. BUT THERE’S A REAL DISTINCTION I THINK AT LEAST IN MY EXPERIENCE AND ACADEMIA. WE’RE BRINGING FACULTY WHO COMBINE THE KIND OF ACADEMIC DEPTHS THAT, YOU KNOW, COLOMBIA OR TECH NEON OR CORNELL OR NYU OR OTHER INSTITUTIONS WOULD BE LOOKING FOR. WE COMBINE THAT DEEP ACADEMIC EXPERTISE WITH REALLY ACTIVE ENGAGE MENT OUTSIDE OF ACADEMIA. AND TO ME, THE FACULTY AND THE STUDENTS ARE THE CORE OF ANY INSTITUTION. BUT THE FACULTY ARE THE ATTRACTORS FOR THE STUDENTS. THE STUDENTS DON’T SHOW UP FOR EACH OTHER. THEY MAY SPEND MOST OF THE TIME UNSUPERVISED WITH EACH OTHER. THEY SHOW UP FOR THE FACULTY. SO WE’VE BEEN TRACTING FACULTY WHO HAVE BEEN BUILDING START-UP COMPANIES, WHO HAVE BEEN WORKING WITH THE LARGEST TECHNOLOGY COMPANIES IN THE WORLD WHO HAVE STARTED SOCIAL ENTREPRENEURIAL VENTURES, WHO ARE WORKING IN K-12 EDUCATION. SO ALL OF OUR FACULTY REALLY ARE LITTLE BIT SCHIZOPHRENIC. THEY HAVE THEIR DEEP ACADEMIC EXPERTISE AND THEY HAVE THEIR SOCIAL AND SOCIETAL AND BUSINESS AND ECONOMIC SIDE. AND IT’S THAT INTEGRATION THAT IS THE CORE EXPERIMENT AT CORNELL TECH AND AT JACOBS. IT’S THE INTEGRATION THAT IS BRINGING PEOPLE THERE WHO WANT TO BE WORKING IN THE REAL WORLD AND BE WORKING IN THE ACADEMIC WORLD. THEY WANT TO BE HELD TO THE HIGHEST STANDARDS OF ANY ACADEMIC INSTITUTION IN THE WORLD. IT’S NOT AN APPLIED SCHOOL IN A SENSE OF NOT DOING FIRST-RATE SCIENCE. I COULDN’T BE MORE WITH THE PRESIDENT THAT, YOU KNOW, THAT’S WHAT YOU NEED IN ACADEMIC INSTITUTION. BUT THEY HAVE THIS APPLIED SIDE. AND THEY TIE THOSE TWO THINGS TOGETHER. I THINK THAT IS A QUESTION OF MEASUREMENT. YOU KNOW, IF WE’RE REALLY GOING TO DO SOMETHING DIFFERENT AS WE’RE TRYING TO DO IT AT CORNELL TECH AND JACOBS, HOW DO WE MEASURE IT? WHILE I AGREE THAT ACADEMICS ARE MORE ALLERGIC TO MEASUREMENT THAN MOST. WHO WANTS TO BE HELD UP THERE UNLESS CAN YOU FUDGE THE NUMBERS, BUT ONE THING WE’VE BEEN THINKING ABOUT A LOT IS BOTH THE TRADITIONAL ACADEMIC MEASURES AND HOW DO WE MEASURE THESE NEW ASPECTS OF CORNELL TECH? AND SOME OF THAT DOES HAVE TO DO WITH START-UP COMPANIES PRODUCED AND OTHER THINGS. BUT YOU NEED TO BE SURE THAT YOU REALLY HAVE A SORT OF A BROAD BOUQUET OF MEASURES THAT YOU’RE NOT FOCUSING IN NARROWLY ON HOW MANY STARTUPS DID WE CREATE OR, YOU KNOW, HOW MANY BUILDON AIRS DID WE GRADUATE FROM OUR CAMPUS? THERE HAS TO BE A SET OF MEASURES THAT RESPECT THE NUANCE OF WHAT ACADEMIA IS ABOUT AND IN OUR CASE, WITH THE KIND OF CAMPUS THAT WE’RE BUILDING, THAT ALLOW US TO MEASURE HOW WELL WE’RE DOING AT THIS MISSION OF COMBINING FUNDAMENTAL SCIENCE AIMED AT THE DIGITAL AGE WITH SOCIETAL IMPACTS. >>I KNOW — THANK YOU. I WOULD OPEN THAT UP. I KNOW EVERY INSTITUTION UP HERE AS INCUBATORS AND ACCELERATOR THAT’S ARE PRODUCING DOCTORING SUPPORTING ENTREPRENEURS IN WONDERFUL WAYS AND DOING INCREDIBLE THINGS. IF ANYONE ELSE WOULD LIKE TO GIVE EXAMPLES OF HOW YOUR INSTITUTION IS ENGAGING WITH THE ENTREPRENEUR COMMUNITY, WITH THE NEW YORK TECH ECOSYSTEM AND SORT OF WHAT THAT EXPERIENCE HAS BEEN LIKE, FEEL FREE TO SHARE AN EXAMPLE. IF NOT, I CAN CALL OUT SOME INDIVIDUAL FOLKS.>>WE HAVE A NUMBER OF INCUBATORS AT NYU. MANY OF THEM FOCUSSED IN BROOKLYN NOW. BEING THERE NOT ONLY FOR THE EARLY STAGE DEVELOP MENT OF COMPANIES THAT COME INTO NEW YORK CITY FROM OTHER PARTS OF THE COUNTRY, BUT ALSO OBVIOUSLY BEING SITES WHERE IDEAS CAN BE TAKEN AND TURNED INTO VIABLE COMPANIES WITHIN A NURTURING SUPPORTIVE AND EXPERT RICH ENVIRONMENT. AND IT GOES EVEN FURTHER. A WONDERFUL NEW DEVELOPMENT AT THE SCHOOL OF ENGINEERING IS THE BUNKER LABS WHICH IS FOR VETERANS. AND BRINGING VETERANS IN TO THE ENTREPRENEURIAL PROCESS, GIVING THEM THE KIND OF BUSINESS EDUCATION, BUSINESS PLAN DEVELOPMENT SKILLS THEY NEED. AND THEN ASSISTING THEM IN THOSE NEXT STAGES OF BEING A KEY PART OF THE COMPANY. YOU SEE THEN NOT ONLY THE BENEFIT OF THE CITY OF THE ECONOMIC IMPACT BUT ALSO THE SOCIETAL IMPACT OF BRINGING PEOPLE WHO WOULD NOT OTHERWISE BE INVOLVED IN THESE KIND OF ENTREPRENEURIAL ACTIVITIES.>>AND — SORRY, GO AHEAD.>>I THINK ONE THING — I MEAN, YOU’RE DOING INCUBATORS AND ACCELERATORS IN THE COMMERCIAL SECTOR. I THINK ONE THING THAT IS REALLY CRUCIAL AS WE LOOK AT DEALING IN ACADEMIA, WE ASK THE QUESTION WHAT DO WE DO BEST IN THE ACADEMIC WORLD AND WHAT IS BEST DONE IN THE COMMERCIAL WORLD? THERE CLEARLY IS A GAP THAT WE’RE ALL TRYING TO CLOSE. WE FROM THE ACADEMIC SIDE PEOPLE LIKE YOU AND ON THE COMMERCIAL SIDE, BUT IT’S NOT ALWAYS OBVIOUS TO ME THAT UNIVERSITIES SHOULD RUN OUT AND BE DOING INCUBATORS AND ACCELERATORS. WE SHOULD BE ASKING WHAT DO WE BRING AS ACADEMIC INSTITUTIONS JUST AS THE COMMERCIAL SECTOR ASKS. AND IT’S REALLY TO CLOSE THAT GAP FROM BOTH SIDES. >>WHAT ARE THE BEST PRACTICES ON BOTH SIDES AND HOW CAN WE WORK TOGETHER? AND ON THE THREAD OF, FOR EXAMPLE, VETERANS FOUNDING COMPANIES, I THINK THAT’S A GREAT INTRODUCTION OF THE THEME THAT’S MORE AND MORE FOCUSED CURRENTLY ON INCLUSIVE ENTREPRENEURSHIP AND INNOVATIONS, SOMETHING WE’RE VERY FOCUSED ON AT 1776. WHEN I WAS — I WENT OUT ON TWITTER FOR QUESTIONS FOR THIS GROUP AND THE NUMBER ONE REQUEST WAS PLEASE, YOU KNOW, ASK ABOUT HOW THESE INSTITUTIONS ARE SUPPORTING DIVERSITY IN THE SECTORS AND MAKING SURE THAT EVERYONE IS ENGAGED IN INNOVATION ECONOMY, PREPARED FOR IT. CHANCELLOR, YOU KNOW, AGAIN, NOT — AND NOT JUST LIMITED TO ETHNICITY AND GENDER, SOCIOECONOMIC DIVERSITY, WE WOULD LOVE TO HEAR ABOUT HOW CUNY IS THINKING ABOUT THIS AND HOW SUPPORTING THAT INCLUSION AND DIVERSITY.>>SURE. THANK YOU. THANKS TO BILL RUDEN AND ABNY FOR HAVING US. THIS IS A GREAT OPPORTUNITY. SO I AGREE WITH EVERYTHING SAID SO FAR. WE NEED NEW INVESTMENT AND FACILITIES AND FACULTY AND ATTRACT THE BRIGHTEST FACULTY WHO ARE MAGNETS FOR ECONOMIC GROWTH. THE THING I WOULD SAY ABOUT CUNY AND WE WERE TALKING BRIEFLY ABOUT THE SESSION IN THE DIFFERENCE IN SCALE BETWEEN THE WORLD’S LARGEST PRIVATE UNIVERSITY AND CUNY. WE HAVE 270,000 DEGREE SEEKING STUDENTS IN ABOUT 250,000 ADULTS IN CONTINUING EDUCATION. AND SO FOR 170 YEARS THE MISSION OF CUNY HAS BEEN TO BE THE PATHWAY TO SUCCESS, ECONOMICS, SOCIAL SUCCESS AND IN FACT WE GOT AN ADVERTISING CAMPAIGN NOW BASED ON ANDY GROVE’S STATEMENT ABOUT HOW CUNY IS THE AMERICAN DREAM MACHINE. HE DID A GREAT JOB ECONOMICALLY. WHEN I WAS THINKING ABOUT WHAT I WOULD SAY TODAY ABOUT WHAT CUNY BRINGS TO THE TABLE IN NEW YORK, WE HAVE GREAT FACULTY THAT HAVE TREMENDOUSLY TALENTED STUDENTS. WE PRODUCED THE LARGEST NUMBER F McARTHUR GENIUSES THAN ANY OTHER UNIVERSITY IN AMERICA INCLUDING BERKELEY. IF YOU WANT TO LOOK AT — THANK YOU. IF YOU WANT TO LOOK AT TALENT, WE HAVE IT IN ABUNDANCE. SO WHAT ELSE DO WE BRING THAT COMPLIMENTS THESE WORLD CLASS UNIVERSITIES AT THE TABLE? I REALIZE THAT I OWE A DEBT OF GRATITUDE TO RAJ CHETY AND HIS RESEARCH TEAM FROM STANFORD AND ALSO TO DAVID LEEHART AND THE ARTICLES HE’S PUBLISHED IN THE LAST FEW DAYS ABOUT THE ENGINES OF ECONOMIC AND SOCIAL MOBILITY. BECAUSE THIS IS WHERE I WOULD START. CUNY AND EVERYBODY HERE IS DOING GREAT THINGS. BUT I WANT TO USE THIS ONE QUOTE FROM THE ARTICLE ABOUT THE RESEARCH THAT’S BEEN DONE ABOUT THE MOBILITY OF AMERICANS FROM THE LOWEST SOCIOECONOMIC TO THE HIGHEST. THE NEW DATA SHOWS, FOR EXAMPLE THAT, THE CITY UNIVERSITY OF NEW YORK PROPELLED SIX TIMES AS MANY LOW INCOME STUDENTS INTO THE MIDDLE CLASS AND BEYOND AS ALL EIGHT IVY LEAGUE CAMPUSES PLUS DUKE, MIT, STANFORD, AND CHICAGO COMBINED. SO THIS IS WHAT — THIS IS WHAT HAPPENS WHEN YOU BRING A CUNY TABLE. SO THIS IS SOMETHING THAT CUNY CAN DO THAT ALMOST NO PLACE ELSE CAN DO AND IT DOES IT BETTER THAN MOST. SO WHAT IS THIS SCALE MEAN? I MEAN, YES, WE’RE HUGE. AND WE’RE VERY DIVERSE. 40% OF OUR UNDERGRADUATES WERE BORN IN ANOTHER COUNTRY. 60% RECEIVED PEL GRANTS. IT IS AN INCREDIBLY DIVERSE INSTITUTION. IF YOU LOOK AT THE SUBJECT OF APPLIED SCIENCE AND TECHNOLOGY, THE SCALE, WE HAVE 44,000 STEM MAJORS. BUT THEN YOU LOOK AT THE DIVERSITY OF INSTITUTIONS. HALF OF THOSE MAJORS ARE COMMUNITY COLLEGES. WE BRING AN ENTIRELY DIFFERENT MIX TO THE TABLE. FROM ASSOCIATE DEGREES TO PHDs. IF YOU LOOK AT DRILL DOWN A LITTLE FURTHER ON THE SIZE AND THE DIVERSITY OF CUNY, OF THOSE 44,000 STEM STUDENTS, 36% ARE WOMEN. OF THE 5500 ENGINEERING STUDENTS AT CUNY, WILL 80% ARE MINORITIES. OF THE THOUSAND PLUS COMPUTER SCIENCE STUDENTS AT QUEENS COLLEGE, I SEE MY COLLEAGUE AT QUEENS COLLEGE IN THE BACK, 85% ARE UNDERREPRESENTED MINORITIES. SO THIS CONTINUES TO BE THE PATHWAY FOR IMMIGRANTS, FOR UNDERREPRESENTED POPULATIONS AND FOR LOW INCOME STUDENTS. IN THE APPLIED SCIENCES, IN THE TECH SECTOR CERTAINLY AND THE NUMBERS ARE VERY IMPRESSIVE. BUT ALSO OVERALL. AND ANOTHER EXAMPLE, WE GOT OVER 100 PROGRAMS IN APPLIED SCIENCES AND TECHNOLOGY. IN FACT, YESTERDAY, I JUST APPROVED THREE NEW ONES, WON AT JOHN J., ONE AT CITY COLLEGE, ONE AT CITY TECH AND APPLIED SCIENCE WHICH WILL COME TO OUR BORED ON MONDAY. I COULDN’T BE PROUDER ABOUT THE WORK THAT CUNY IS DOING IN PARTNERSHIP, WITH COLOMBIA, NYU, CORNELL TECH. AND IN SERVING AND CONTINUING TO SERVE THE CITY OF NEW YORK. NOW JUST ONE MORE WORD ON THE CONNECTING WITH — I KNOW THIS IS IMPORTANT TO THIS PANEL ON CONNECTING WITH THE PRIVATE SECTOR. SO WE HAVE A NEW STRATEGIC PLAN THAT WE’RE LAUNCHING. WE’RE SORT OF DOUBLING DOWN ON ALL THE ELEMENTS THAT MATTER FOR SENDING MORE STUDENTS, FOR HAVING A BETTER STORY FROM US NEXT YEAR WHEN THEY WRITE ABOUT SOCIAL AND ECONOMIC MOBILITY. ABOUT GETTING STUDENTS IN, GETTING THEM THROUGH QUICKLY AND THEN CONNECTING THEM WITH JOBS. AND WE’VE GOT SOME GREAT PROGRAMS FOCUSED, RUN WITH CORNELL TECH AND THE WHITNEY PROGRAM WITH WOMEN AND TECHNOLOGY AND ENTREPRENEURSHIP TO TRY TO ADDRESS THE INCREDIBLY LOW EMBARRASSING NUMBERS OF WOMEN IN TECHNOLOGY FIELDS THAT HAS BEEN DECLINING IN THE LAST FEW YEARS. AND THIS IS A PARTNERSHIP WITH VERIZON AND OTHER LEADING EMPLOYERS AND CORNELL TECH TO BRING WOMEN IN HIGH SCHOOL, GIVE THEM SCHOLARSHIPS, GIVE THEM INTERNSHIPS AND GIVE THEM JOBS IN THE TECH SECTOR. AND WE HOPE TO DO THAT MANY, MANY TIMES OVER TO TRY TO BRIDGE THIS GAP AND TO PRODUCE MORE TALENTED STUDENTS IN THE TECH SECTOR IN NEW YORK.>>THANK YOU. YOU MENTIONED THE PROGRAMS. IF ANYBODY WANTS TO SPEAK TO THE INITIATIVES THIS IS CLEARLY WHEN I WOULD — WORKING FOR MAYOR BLOOMBERG, ONE OF THE TOP PRIORITIES IN TERMS OF DIVERSITY F ANY OTHER INSTITUTIONS WANT TO TALK ABOUT THE PHILOSOPHY ON SEARCHING.>>THANK YOU.>>I’M THE NEW KID ON THE BLOCK. WE’RE HERE. THIS IS THE THIRD NUMBER OF COMPANIES AND 75% OF THESE COMPANIES WERE EITHER FOUNDED AROUND BY — SO OUR PRESENCE IN THE CITY WELL ESTABLISHED. WE’RE DELIGHTED TO BE HERE. I’M HONORED TO SIT AMONG SUCH DISTINGUISHED LEADERS OF THE HIGHER EDUCATION IN NEW YORK. IT IS MY PERSONAL CONVICTION THAT UNIVERSITIES SHOULD HAVE THREE PILLARS, FACULTY AND STUDENTS, OBVIOUS, AND MISSION, A STATEMENT MISSION. AND I — HERE I’M SPEAKING ABOUT YOU THAT ONE OF THE MISSIONS OF UNIVERSITY IS SERVICE. SERVICE TO ITS COMMUNITY, TO ITS SOCIETY, TO THE BETTERMENT OF MAN KIND. I DON’T KNOW HOW MANY OF YOU KNOW BUT IT TOOK 21% OF THE STUDENTS ARE MINORITIES. 61% ARE WOMEN. 61% ARE WOMEN STUDYING SCIENCE AND ENGINEERING. THIS IS A WORLD RECORD. I DON’T KNOW IF THERE ARE MORE WOMEN IN SCIENCE AND ENGINEERING. IT’S A STRUCTURED WAY BECAUSE WE BELIEVE THE UNIVERSITY IS THE KEY FOR ACADEMIC EXCELLENCE. SO THE NICKNAME IS START-UP NATION, IT’S VERY EMBARRASSING. IT MEANS THAT WE’RE IN AN ETERNAL PROCESS OF START-UP. THE NUMBER OF START-UP COMPANIES IN ISRAEL IN ABSOLUTE NUMBERS IS MORE THAN MANY, MANY OF THE EUROPEAN COUNTRIES EVEN THOUGH WE ARE A SMALL COUNTRY. THIS WAS A PART OF THIS ECOSYSTEM. AND THERE ARE MANY, MANY COMPONENTS THAT ARE RESPONSIBLE FOR BEING IN SUCH A POSITION AND I REMEMBER THAT WHEN WE GOT A LETTER FROM MAYOR BLOOMBERG ASKING US TO PARTICIPATE IN THE COMPETITION, I ASSEMBLED A GROUP AND I TOLD THEM AS THEN JUST SAID, YOU HAVE AN OPPORTUNITY TO DO SOMETHING FROM SCRATCH IN A VERY UNIQUE WAY. YOU START LOOKING AT THE INDUSTRY AND BUSINESS OF THE CITY AND YOU BUILD THE UNIVERSITY THAT WILL BE GOOD FOR THIS INDUSTRY AND THIS BUSINESS. AND THIS IS HOW WE STARTED TO THINK ABOUT WHAT WE CAN BRING TO NEW YORK. AND I’LL SAY THAT SO FAR IT IS A SUCESS STORY. JACOBS HAS BECOME AN ATTRACTOR FOR FANTASTIC FACULTY MEMBERS AND ABSOLUTE REGARDS TO THE STUDENTS. WE ALSO SHARE OUR EXPERIENCE IN PROVIDING EDUCATION TO K-12. WE HAVE A PROGRAM, WE CALL IT THE ENHANCED EDUCATION PROGRAM IN WHICH BETWEEN 500 AND 700 KIDS WILL COME FOR A SECOND CHANCE. THEY ARE DROPOUTS FROM HIGH SCHOOLS. THESE ARE MINORITIES. THESE ARE THE ORTHODOX. THEY SPEND BETWEEN SIX MONTHS AND 18 MONTHS AND COMPETE WITHOUT AFFIRMATIVE ACTION SHOULDER TO SHOULDER WITH THE BEST HIGH SCHOOLS. SUCCESS RATE, OF COURSE, THE LAST TEN YEARS IS 65%. 65% OF THEM MAKE IT TO THE TECH. SUGGESTING YOU CAN ENCOURAGE CURIOSITY DRIVEN RESEARCH, BEING AN RESEARCHER AT THE UNIVERSITY AND SERVE SOCIETY. WE LOOKED AT JACOBS AS A EXPERIMENT. WHAT WE CAN TRY TO DO HERE, THE VERY CONSERVATIVE ACADEMIC STRUCTURE OF BOTH TECH KNOW AND THEY WON’T ALLOW US. BUT THIS IS SUCCESSFUL HERE. WE’LL DO IT. SO WE’RE DELIGHTED TO BE HERE. WE FEEL HONORED. WE FEEL THAT THIS IS ONE OF THE GREATEST EXPERIMENTS IN ACADEMIC EDUCATION IN MODERN TIMES.>>THANK YOU. I WANT TO GET BACK TO HOW YOU ARE — HOW UNIVERSITIES THEMSELVES CAN THINK LIKE START-UPS IN A MOMENT. FIRST, I WANT TO GIVE YOU A CHANCE TO SPEAK ON THE TOPIC AS WELL.>>I WANTED TO SAY TWO THINGS ABOUT JIM’S COMMENTS. NUMBER ONE, PUBLIC UNIVERSITIES EDUCATE THE OVERWHELMING MAJORITY OF STUDENTS IN THE UNITED STATES. AND PUBLIC UNIVERSITIES ARE THE BACKBONE OF NOT ONLY EDUCATION BUT OF MANY VALUES THAT HAVE PERMEATED THE ENTIRE ACADEMIC SYSTEM AND ONE OF THOSE VALUES THAT COME OUT OF OUR GREAT PUBLIC UNIVERSITY SYSTEM IS THIS SENSE OF INCLUSION, OPPORTUNITY FROM ALL SECTORS OF THE SOCIETY AND WHAT HE SAID ABOUT WITH CITY UNIVERSITY DOES IS JUST FANTASTIC. THE ANSWER TO PRESERVING THIS AND ENHANCING IT IS REALLY PUBLIC SUPPORT. IT IS THE DECLINE OF PUBLIC SUPPORT FOR THE PUBLIC UNIVERSITY SYSTEM ACROSS THE COUNTRY THAT LED TO RAISING OF TUITION AND SO ON TO KEEP THESE GOING. IDEAS ABOUT FREE TUITION AND SO ON ARE ARE REALLY BESIDE THE POINT. IF WE WANT A GREAT UNIVERSITY SYSTEM, IT HAS TO BE SUPPORTIVE OF THE PUBLIC UNIVERSITIES AND IT THOOZ COME THROUGH SIGNIFICANT PUBLIC SUPPORT. THE SECOND THING I WANT TO SAY IS THAT IF YOU CARE AS EVERYBODY IN THIS ROOM DOES AND EVERYBODY ON THIS PANEL DOES ABOUT RACIAL ENETHNIC INCLUSION, WHEN YOU AND WE HAVE TO PAY EXTREMELY CLOSE ATTENTION TO THE APPOINTMENTS THAT ARE MADE TO THE SUPREME COURT OVER THE NEXT FOUR YEARS. WE’RE ONLY TWO VOTES AWAY FROM OVERRULING EARLIER DECISIONS WHICH HAVE UPHELD THE CONSTITUTIONALITY OF BOTH PUBLIC AND FOR COMPLICATED REASONS PRIVATE UNIVERSITIES TO REACH OUT TO AMERICAN SOCIETY AND TO TRY TO BE MORE INCLUSIVE OF AFRICAN-AMERICANS, LATINOS, HISPANICS AND NATIVE-AMERICANS. THEY’RE REALLY THE MECHANISM BY WHICH WE HAVE BECOME OVER THE PAST 40, 50 YEARS MUCH MORE DIVERSE ON OUR CAMPUSES. AND IT IS AND WILL BE THE SUPREME COURT OF THE UNITED STATES IN THE NEXT DECADE THAT WILL DECIDE WHETHER OR NOT THAT CAN CONTINUE. WE HAVE, SADLY, EXAMPLE ACROSS THE COUNTRY WHERE STATES HAVE BACKED OFF OF THAT FOR — THROUGH LEGISLATIVE REVERENDA, THROUGH OTHER MEANS, CONSTITUTION — STATE CONSTITUTIONAL AMENDMENTS. AND THE RESULTS HAVE BEEN TRAGIC. BERKELEY STANDS OUT AS, I THINK, ONE OF THE PRIME EXAMPLES THERE. SO THIS ISSUE IS VERY MUCH ON THE TABLE OVER THE NEXT FOUR YEARS.>>THANK YOU.>>MAY I JUST ADD ONE THING? AND I AGREE WITH EVERYTHING THAT’S BEING SAID IN THIS QUESTION. I WANT TO JUST ADD ONE ELEMENT, THOUGH. I’M A NEW NEW YORKER. I ARRIVED HERE A RELATIVELY A FEW MONTHS AGO. AND ONE OF THE THINGS THAT BROUGHT ME TO THE CITY AND THIS STATE IS THE WONDERFUL HIGHER EDUCATION SYSTEM THAT IT HAS HERE. THE ENIABLE THREE LEGGED STOOL, THE CUNY SYSTEM, THE SUNY SYSTEM AND THE PRIVATE SYSTEM. AND I AGREE WHOLEHEARTEDLY ABOUT EVERYTHING HE SAYS ABOUT THE IMPORTANCE OF THE PUBLICS. THEY ARE STRONG AND CRITICAL IN NEW YORK STATE. BUT IT IS ALSO ACTUALLY A FACT THAT IN NEW YORK STATE A SMALL MAJORITY OF UNDERGRADUATES LIKELY MORE THAN 50% OF OUR UNDERGRADUATES IN THIS STATE ARE EDUCATED IN THE PRIVATE SYSTEM. AND SO MY HOPE IS THAT AS NEW INITIATIVES ARE BROUGHT FORWARD AT THE STATE LEVEL, IMPORTANT NEW INITIATIVES ARE BROUGHT FORWARD AT THE STATE LEVEL THAT THOUGHT CONTINUE TO BE GIVEN AND CARE TAKEN THAT AS THOSE NEW INITIATIVES STRENGTH AND ACCESS AND THE PUBLIC SYSTEM THEY ALSO STRENGTHEN THE VERY IMPORTANT NETWORK OF PRIVATE COLLEGES AND UNIVERSITIES THAT EXIST IN THIS STATE.>>THANK YOU.>>CAN I JUMP IN JUST VERY QUICKLY? I WANT TO SAY, FIRST OF ALL, I SAY THANK YOU TO LEE FROM THE LEADER OF ONE OF AMERICA’S GREAT PRIVATE UNIVERSITIES WHO WAS FORMALLY THE LEADER OF ONE OF THE GREATEST PUBLIC UNIVERSITIES IN AMERICA AND PERSONALLY LED THE FIGHT FOR AFFIRMATIVE ACTION AT OUR INSTITUTIONS OF HIGHER EDUCATION. SO WHEN HE TALKS ABOUT THE FOUNDATION OF PROTECTING THAT, WE ALL OWE HIM A DEBT OF GRATITUDE. SO I WOULD SAY THANK YOU. THE SECOND THING THAT I WOULD ADD TO HIS LIST OF THINGS WE NEED TO BE VIGILANT ABOUT IS HOW OUR IMMIGRANTS ARE TREATED. THERE ARE 6,000 TO 7,000 UNDOCUMENTED IMMIGRANTS AT CUNY. I MUST TELL YOU, THIS IS AN ISSUE OF INCLUSIVENESS. IT IS ALSO AN ISSUE OF TALENT AND ECONOMIC COMPETITIVENESS. I HOST AN EVENT EVERY YEAR WITH ALL MY VALEDICTORIANS FROM CUNY. I CAN’T TELL YOU HOW MANY OF THOSE STUDENTS WERE UNDOUMENTED WHEN THEY CAME TO THIS COUNTRY AND ACHIEVED ENORMOUS THINGS AND ARE DOING GREAT THINGS TODAY. AND WE NEED TO AS A COUNTRY TO CONTINUE THE SUCCESS THAT PEOPLE LIKE ANDREW GROVE AND OTHERS BENEFITTED FROM. KEEP WELCOMING TALENT AND NEW YORK SHOULD BE THE HUB FOR THAT TALENT.>>WONDERFUL. THANK YOU. THANK YOU FOR THAT RESOUNDING COMMITMENT TO DIVERSITY AND INCLUSION AND HIGHER EDUCATION AND ALSO I THINK IT’S A REALLY IMPORTANT POINT THAT I’M TALKING WITH THE TECH ECOSYSTEM AND IT’S NOT JUST ABOUT BEING THE RIGHT THING TO DO. IT’S BETTER FOR THE ECONOMY AND THE TECH ECOSYSTEM. THE MORE DIFFERENT PERSPECTIVES WE HAVE, THE MORE INTERESTING PROBLEMS AND INTERESTING SOLUTIONS THAT WILL COME TO THE TABLE. AND I ALSO LOVE THE REFERENCE TO ANDY GROVE WHO, OF COURSE, IS A HERO TO THE TECH WORLD. SO IN THE SOFTWARE INDUSTRY AND THE TECH INDUSTRY THERE IS THIS EXPRESSION, I’M NOT SURE IT WILL TRANSLATE. I WOULD LOVE TO DIRECT THIS- THAT YOU EAT YOUR OWN DOG FOOD MEANING THAT YOU PRACTICING WHAT YOU PREACH. SO IF YOU’RE BUILDING SOFTWARE, YOU SHOULD SORT OF BE USING IT YOURSELF. AND IF WE TAKE THIS METAPHOR TO THE ACADEMIC WORLD WHERE SOME MAY SAY THAT HUNDREDS OF YEARS, THOUSANDS OF YEARS THE FORMAT, THE TRADITIONAL FORMAT OF THE INSTRUCTOR OF THE STUDENTS HASN’T REALLY CHANGED OR BEEN INNOVATIVE THAT MUCH. IT’S SURPRISING. SO PERHAPS SHOULD IT BE? SO CAN — HOW SPECIFICALLY THE TECH NEON AND UNIVERSITIES OPERATING IN A WAY THEY’RE TEACHING. HOW ARE THEY ACTING AS STARTUPS ITERATING, EXPERIMENTING, AND WHAT DOES THAT LOOK LIKE?>>THANK YOU. THIS IS AN AMAZING QUESTION. WE ARE NOW IN THE TURNING POINT AND I BELIEVE IN THE HISTORY OF EDUCATION IN GENERAL. YOU HAVE TO THINK ABOUT THE TEACHER STANDING IN FRONT OF A CLASS, EVERY KID IN HIS POCKET HAS A DEVICE THAT ALLOWS HIM TO GET EVERY INFORMATION HE WANTS, ANY TIME HE WANTS IN A SPLIT OF A SECOND. HOW DO YOU TEACH SUCH A KID? HOW DO YOU TEACH A STUDENT WITH THE INTERNET AND HAVE A DISCUSSION THAT ALLOW HIM TO HAVE ALL THE INFORMATION THAT HE MISSED THE LAST YEAR? WE ARE IN A PERIOD THAT WE MUST THINK OVER THE WAY WE EDUCATE OUR STUDENTS. YOU KNOW, EVERYBODY WAS THINKING THAT THE CLASSROOM IS OUT. THERE ARE GOING TO BE THE BOOKS ONLINE OPEN COURSES AND THE STAR LECTURER WILL PROVIDE EDUCATION TO MILLIONS AROUND THE WORLD. BY THE WAY, INTERESTINGLY THE FIRST BOOK THAT WE PUT ON THE INTERNET WAS IN ARABIC. 9,000 STUDENTS OF THE ARAB WORLD INCLUDING FROM SYRIA. I NEVER UNDERSTOOD HOW THEY FOUND THE TIME. WE HAVE TO THINK ABOUT EDUCATION. WHAT IT MEANS NOW TO EDUCATE STUDENTS IN ENGINEERING AND SCIENCES. THE TEACHER GIVING THE INFORMATION AND HAS TO CHANGE. WE HAVE TO THINK WHAT ARE THE SKILL NEEDED IN 2025, 2050? WHAT ARE THE JOBS THAT ARE GOING TO BE NEEDED AT THAT TIME? AND I BELIEVE THAT MANY UNIVERSITIES ARE FAR BEHIND IN THINKING ABOUT THESE ISSUES. WE TRIED TO DO IT. IN A VERY HIS TANLT AND SLOW WAY. IN WE STARTED TO USE BOOKS FOR SPECIFIC PURPOSES. SO TEACHERS GET THE INFORMATION. TEACHERS PROVIDE THE INFORMATION. AND THEN WE HAVE THE CLASS. THAT MEANS THAT TEACHER COMES. THE STUDENTS AT HOME GET THE CONTENT AND THERE ARE DISCUSSION GROUPS IN ORDER TO ALLOW THEM TO SOLVE PROBLEM AND GET SKILLS IN PUBLIC SEGMENTS. SO ALL OF US HAVE TO START THINKING WHAT IS GOING TO HAPPEN IN 25 YEARS? AND JUST GIVE YOU ONE EXAMPLE. LET’S THINK ABOUT AUTONOMOUS — THERE ARE CLOSE TO TWO MILLION TRUCK DRIVERS. THINK ABOUT THE DAY WHEN THE TRUCKS WILL LEAVE NEW YORK, GO TO LOS ANGELES WITHOUT A DRIVER. TWO MILLION PEOPLE WILL HAVE TO FIND A JOB. SO WE HAVE TO START THINKING ABOUT THIS ERA NOW BEFORE IT’S TOO LATE.>>IN MY VIEW, UNIVERSITIES ARE CONSTANTLY INNOVATING. IT’S THE NATURE OF WHAT WE DO IN OUR RESEARCH, PUSHING BACK NEW FRONTIERS. YOU ALWAYS HAVE TO BE AT THE CUTTING EDGE. IF I MAY JUST PUT A SLIGHTLY DIFFERENT PERSPECTIVE ON THIS QUESTION. I CAME TO NYU FROM OXFORD UNIVERSITY, OXFORD UNIVERSITY WAS FOUNDED IN THE 11th CENTURY. IT IS 900 YEARS OLD. OXFORD UNIVERSITY WAS ALREADY 300 YEARS OLD WHEN THE PREVIOUS INFORMATION REVOLUTION OCCURRED. AND IT WAS CALLED THE PRINTING PRESS. AND IF YOU ASCRIBE, IF YOU HAND WROTE BOOKS, I WAS VERY BAD THE YOU LOST YOUR JOB. BUT OXFORD AND CAMBRIDGE AND PARIS, THE GREAT UNIVERSITIES OF THE TIME, THEY ABSORBED THE BOOK AND THEY DID ACTUALLY RATHER WELL IN USING AND EXPLOITING THE BOOK IN THE WAY THEY TAUGHT AND THE WAY THEY CARRIED OUT SCHOLARSHIP. AND I SEE EXACTLY THE SAME THING HAPPENING WITH THE DIGITAL REVOLUTION. UNIVERSITIES, IT WILL CHANGE THE WAY WE WORK. IT WILL HELP US DO WHAT WE DO. AND DO IT BETTER. BUT PLEASE UNDERSTAND THAT IT IS VERY MUCH AFFECTING THE WAY WE TEACH TODAY. LOOK AT A UNIVERSITY LIKE NYU AND I’LL LOOK AROUND THE ROOM. I CAN SEE THERE ARE SOME PEOPLE IN THIS ROOM WHO WILL REMEMBER SOMETHING CALLED THE SUNRISE SEMESTER COURSES. WHO REMEMBERS THE SUNRISE SEMESTER? THIS WAS 1957. CBS USED TO BROADCAST AND NYU COURSES ON TELEVISION. IT WAS NOD DIGITAL. IT WAS AN LOG. BUT IT WAS CERTAINLY A REVOLUTIONARY NEW WAY OF PROPAGATING EDUCATION THROUGHOUT THE STATE AND THROUGHOUT THE COUNTRY. OF COURSE, THAT NOW HAS MORPHED, IT’S TRANSITIONED INTO ONLINE LEARNING SH THE INCORPORATION OF DIGITAL RESOURCES INTO THE WAY THAT TEACHERS TEACH. IT’S NOT ONLY ONLINE DELIVERY OF EDUCATION. IT’S ALSO THE WAY WE CAN RECONCEIVE COURSES. LET ME TELL YOU OF ANOTHER NYU COURSE THAT’S GOING ON RIGHT NOW. IT’S A COURSE CALLED WHEN THE CITY MEETS THE SEA MUCH IT’S A COURSE FOCUSED ON COASTAL URBAN ENVIRONMENTS. FASCINATING AREA. IT IS TAUGHT SIMULTANEOUSLY IN NEW YORK, IN SHANGHAI, IN ABU DABI AND SIDNEY. NYU STUDENTS LOCATED IN EACH OF THOSE MAJOR GLOBAL CITIES AND ON THE INTERNET THEY GET TOGETHER. THEY LEARNED FROM EACH OTHER. THEY ARE PART OF A WIDER GLOBAL GROUP OF STUDENTS STUDYING A VERY IMPORTANT SUBJECT AND CONNECTING WITH EACH OTHER OVER THE INTERNET. AND SO, YOU KNOW, UNIVERSITIES, ALL OF THE UNIVERSITIES SITTING AT THIS TABLE AND BEYOND ARE CONSTANTLY INNOVATING AND THAT WILL CONTINUE.>>SO I JUST FEEL INCREDIBLY YOUNG. 1754 IS WHEN COLOMBIA WAS CREATED. AND I SAY A COUPLE THINGS ABOUT WHAT ANDY HAS SAID. WHAT YOU PUT ON THE TABLE I THINK IS VERY POWERFUL. VERY COMPLICATED QUESTION. HOW WILL THE MODERN UNIVERSITY CHANGE IN LIGHT OF THE NEW TECHNOLOGIES? THERE’S A VIEW I WRESTLE WITH EVERYBODY AT THIS TABLE AND AS WE CONTINUE TO WRESTLE WITH. AND THE QUESTION IS OXFORD MAY BE 900 YEARS OLD AND COLOMBIA 260 OR SO YEARS OLD. IT DOESN’T MEAN AUTOMATICALLY THAT THEY WILL CONTINUE FOREVER. THERE MAY BE A POINT AT WHICH THERE IS NO LONGER — THERE IS NO LONGER A NEED FOR ANY OF THE INSTITUTIONS UP HERE. WHAT WE HAVE SEEN WITH THE PRESS IN WHICH I’VE BEEN DEEPLY FAMILIAR AND PART OF FOR ALL OF MY LIFE, WHAT WE HAVE SEEN WITH THE PRESS IS THAT THEY DID NOT SEE IT COMING. THEY DID NOT SEE THAT ADVERTISING WHICH WAS THE SOURCE OF THEIR INCOME WOULD SHIFT TO A DIGITAL ENVIRONMENT. AND EVERY SINGLE NEWSPAPER, MAJOR NEWSPAPER AND NETWORK IN THIS COUNTRY IS ON THE EDGE OF FINANCIAL VIABILITY. AND MANY, OF COURSE, HAVE CLOSED AND BEEN CHANGED AND BOUGHT BY VERY WEALTHY PEOPLE WHO CAN AFFORD THIS. BUT OUR ENTIRE MEDIA SYSTEM AND, THEREFORE, OUR PUBLIC DISCUSSION AS WE’RE TALKING ABOUT EVERY DAY NOW HAS BEEN PROFOUNDLY AFFECTED BY THE CHANGE THAT’S YOU’VE IDENTIFIED. SO THE QUESTION I ASK MYSELF IS ARE INSTITUTIONS THE LAST ONES IN THE UNITED STATES TO NOT SEE IT COMING AND WE WILL ACTUALLY BE FORCED TO DISAPPEAR GRADUALLY OR IMMEDIATELY? MY SAENS NO. THAT THAT WILL NOT HAPPEN TO US. AND EACH OF US IS MAKING A BET ON THAT BY VIRTUE OF THE VERY THINGS WE SAID AT THE BEGINNING ABOUT THE EXPANSION. WHY WOULD YOU INVEST BILLIONS OF DOLLARS IN NEW CAMPUSES, NEW BUILDINGS, ET CETERA, IF YOU DIDN’T BELIEVE THAT WHAT WE PROVIDE AND DO WILL CONTINUE? I CAN SAY WHY. I MEAN, I THINK IT’S NOT COMPLICATED. I THINK YOU TAKE A YOUNG PERSON 18, 20 YEARS OLD AND YOU PUT THEY WILL IN THE CONTEXT OF, AGAIN, BRILLIANT PEOPLE IN AN ENVIRONMENT WHERE KNOWLEDGE AND IDEAS ARE JUST REGARDED AS SACRED. AND YOU GIVE THIM EXPERIENCES I BELIEVE THEY CANNOT GET IN ANY OTHER FORM AND PEOPLE WILL CONTINUE TO SACRIFICE AND PAY FOR THAT. THAT REMAINS TO BE SEEN. IT’S QUESTIONS ON THE TABLE EVERY SINGLE DAY, EVERY SINGLE YEAR. BUT THAT’S MY POSITION.>>ON UNIVERSITIES STILL RELEVANT?>>YEAH. I’M AFRAID WE STILL ARE.>>SO ACTUALLY JUST SPECIFICALLY TO THE QUOTE FOR A MOMENT. YOU KNOW, THERE’S A CONCEPT IN STATISTICS AND IN THE SCIENCES OF SURVIVORSHIP BY US WHICH REALLY IS THE WHOLE EXPLANATION FOR THE PETER TEAL PHENOMENON. YOU KNOW, THERE ARE THE MARK ZUCKERBURGS AND BILL GATES OF THE WORLD BUT 99.99999999% OF PEOPLE WHO DROP OUT OF COLLEGE FAIL. OKAY. THEY DON’T BECOME MARK ZUCKERBURG AND BILL GATES. AND PETER TEAL FRANKLY IS IRRESPONSIBLE BECAUSE HE UNDERSTANDS SURVIVORSHIP. HE IS A VERY WELL EDUCATED MAN. IT’S AN IRRESPONSIBLE QUOTE. THE — YOU KNOW, I THINK IF I COULD JUST QUICKLY BEFORE I ANSWER YOUR QUESTIONS, I WANT TO COME BACK AND JUST SITTING BETWEEN ANDY FOR A SECOND. I THINK THAT DOES MORE GENERALLY INTO THE QUESTIONS ABOUT THE RELEVANCE OF ACADEMIA GOING FORWARD. I THINK THAT OUR CHALLENGE RIGHT NOW IN ACADEMIC INSTITUTIONS IS THAT WE’RE NOT CHANGING FAST ENOUGH. SO I COULDN’T AGREE WITH YOU MORE THAT UNIVERSITIES ARE, YOU KNOW, LONG BEEN CHANGED. WE’VE ADOPTED TO LOTS OF NEW TECHNOLOGY AS THE BOOK TELEVISION, INTERNET. BUT ONE OF THE HALLMARKS OF THE DIGITAL AGE IS THAT THE PACE OF CHANGE IS ACCELERATING RAPIDLY. AND UNIVERSITIES BECAUSE THEY’RE VERY DELIBERATIVE CONSENSUS ORIENTED ORGANIZATIONS MOVE SLOWLY. AND I THINK THAT IS A BIG PROBLEM FOR US. I DON’T THINK IT’S GOING TO KILL US. BUT I THINK THAT, YOU KNOW, TO THE DEGREE TO WHICH WE DON’T ADAPT QUICKLY, THAT’S GOING TO BECOME A BIG PROBLEM. TO ME, THAT’S ONE OF THE MOST EXCITING THINGS ABOUT THE CORNELL TECH EXPERIMENT IS THAT WE’RE INNOVATING CURRICULUM INCREDIBLY QUICKLY. SOMETIMES OUR MASTER STUDENTS, YOU KNOW, WAIT LAST YEAR I KNOW STUDENTS ARE HERE. WE WERE BEING TAUGHT THIS AND. THAT WE BUILT AN ENTIRELY NEW MASTERS CURRICULUM THAT COMPLIMENTS THE DEPTH OF THE INDIVIDUAL DISCIPLINES WITH A CROSS PROGRAM STUDIO CURRICULUM. STUDENTS ACTUALLY BUILD STUFF. THERE ARE MBAs AND LAWYERS THAT BUILD DIGITAL PRODUCTS. THAT EXPERIMENTATION WITH RADICAL CHANGE IN CURRICULUM, THAT DOESN’T REPLACE THE DEPTH OF THE DEGREE PROGRAMS. BUT IT COMPLIMENTS IT IS REALLY CRUCIAL. YOU KNOW, I DO THINK THAT IN TERMS OF HOW WE’RE GOING TO CONTINUE TO PROVIDE VALUE TO SOCIETY, IF WE DON’T INNOVATE AND CHANGE MORE RAPIDLY, WE’LL CONTINUE TO BE UNDER THREAT FROM THE REST OF SOCIETY. BECAUSE OTHER THINGS ARE CHANGING RAPIDLY. I THINK SOME OF THE LOSS OF PUBLIC SUPPORT FOR UNIVERSITIES WE SIMPLY IS OUR FAULT. SOME OF IT IS SOCIETAL. BUT SOME IS US REALLY UNDERSTANDING WHAT THE NEEDS ARE AND RESPONDING MORE QUICKLY.>>CAN I — >>30 SECONDS JUST TO CLEAR THIS UP. FROM A VERY BRIEF ON THAT POINT BUT ALSO NEWS ABOUT FUNDING. I THINK THE DIFFERENCE TODAY AND HOW UNIVERSITIES WILL CONTINUE TO THRIVE AND BE RELEVANT IN THE FUTURE IS CAPTURED IN PART BY THIS PANEL. IT IS A NEW LEVEL OF COLLABORATION AND CONNECTIVENESS. MY CAMPUSES CONNECTING WITH THESE AND DOING NEW THINGS. IT’S A CONNECTION WITH K-12, IN LEVELS WE HAVE NOT SEEN BEFORE. AND IT’S A CONNECTIVITY WITH THE BUSINESS COMMUNITY WHICH IS THE REALM NOW AT RESEARCH UNIVERSITIES AND LARGE PUBLIC AND PRIVATE INSTITUTIONS IS HOW DO WE CONNECT IN REAL TIME WITH OUR PARTNERS SO THAT WE’RE INNOVATING AT THE SAME RATE THEY’RE INNOVATING AND IT IS A RELATIONSHIP THAT BENEFITS EVERYONE? THAT’S HOW I THINK WE’RE GOING TO STAY RELEVANT.>>FANTASTIC MESSAGE. SO I THINK WITH A SET OF TIME, I WANT — I WANT TO WEND A QUICK QUOTE TO COUNTER THAT OTHER THREAT FROM PAUL GRAHAM, THE FOUNDER OF ONE OF THE MOST SUCCESSFUL INCUBATORS OF ALL TIME. HE WAS SPEAKING TO A GROUP OF COLLEGE STUDENTS. HE SAID IS THIS RELEVANT? SHOULD I JUST DROP OUT? HE SAID ABSOLUTELY NOT. STARTING A START-UP IS AN ULTERIOR MOTIVE AND BEST THING CAN YOU DO BE IS INCREDIBLY CURIOUS ABOUT SOMETHING. SO IF I COULD DISTILL DOWN MY ADVICE IS JUST LEARN. PLEASE JOIN ME IN THANKING THIS FANTASTIC PANEL FOR THE EVENING.

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