Rutgers and Tel Aviv University (TAU), Israel’s largest higher education institution, signed an agreement yesterday to bring TAU to the New Jersey Innovation and Technology Hub and further their existing partnership, according to a press release.
The Hub is a 550,000-square-foot, $665 million complex developed by the New Brunswick Development Corporation (DEVCO) for research and corporate, retail and residential use, The Daily Targum previously reported. It is set to open in 2024 and has been seeking tenants since at least 2015.
TAU makes the newest addition to The Hub and joins Rutgers, Princeton University, Hackensack Meridian Health and RWJBarnabas Health as tenants.
“Our growing partnership will advance educational and scientific exchanges that will not only benefit our students and faculty but our local economies and the people in our communities,” said University President Jonathan Holloway.
As part of the memorandum of understanding signed by Holloway and TAU President Ariel Porat, the universities will form a research grant program providing seed funding for up to five research projects across disciplines, according to the release. Each project will have one principal investigator from Rutgers and another from TAU who will be chosen by a selection committee.
“Over the years, New Jersey and Israel have enjoyed close cultural, academic and economic ties, and this new collaboration between two of our leading institutions — Rutgers University and Tel Aviv University — will help strengthen that connection,” said Gov. Phil Murphy (D-N.J.). “We look forward to seeing how students and faculty from both institutions will advance research and collaboration through this exciting partnership, as well as welcoming Tel Aviv University to the NJ Innovation & Technology Hub.”