On 4th December, 2017, leading global IT services and business solutions organization, Tata Consultancy Services (TCS), announced an investment of $50 million in Cornell Tech as a gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City. In recognition of the gift, Cornell Tech has inaugurated the ‘Tata Innovation Center’ (TIC) on Roosevelt Island which brings academia and industry together under one roof to share ideas and research on next-generation digital technologies and how to commercialize new areas of collaboration. “Tata Group and TCS have a long and celebrated history of investments in education and institution building in the communities in which we operate,” said Natarajan Chandrasekaran, Chairman of the Tata Group. “The Tata Innovation Center will drive applied research and collaboration between Cornell, industry and the startup ecosystem in emerging areas including human machine interaction and cyber security, benefitting both US business and local communities.”