Columbia University plans new Institute for Data Sciences - New York News | NYC Breaking News

Columbia University plans new Institute for Data Sciences

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NEW YORK (AP) - New York City is helping Columbia University to create an Institute for Data Sciences and Engineering.

The plans, announced Monday, are part of the Applied Sciences NYC initiative.

Columbia will contribute at least $80 million in private investment.

The city is chipping in up to $15 million in benefits, including discounted energy transmission costs and partial debt forgiveness.

The institute will be located at Columbia's Morningside Heights and Washington Heights campuses.

Among other things, the university will hire dozens of new faculty in its Fu Foundation School of Engineering and Applied Sciences.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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