Magazine article ASEE Prism

Tale of Two Cities

Magazine article ASEE Prism

Tale of Two Cities

Article excerpt

LONDON--Cambridge, England, is of course the namesake of Cambridge, Massachusetts. And both cities have for centuries been bastions of higher education. But that link may soon become more formal. Plans are afoot for a $116 million joint venture between England's Cambridge University and the Massachusetts Institute of Technology that would create a new, technology-driven business school.

Most of the funding for the Cambridge-MIT Institute, as it would be called, would come from the British government, though it's hoped that corporate sponsors would contribute about $16 million of the total cost. Susie Baker, a Cambridge University spokesperson, says that discussions involving government officials and the two schools are well underway, but a formal announcement is still months off. The plans are said to have the backing of Prime Minister Tony Blair, who is keen to see British researchers become more entrepreneurial. …

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