Another issue that needs to be considered for this initiative to meet its goal (which I assume is to install a professional engineering/applied sciences base in NYC) is where these people will work once they receive their educations. Tech is on the rise in NYC, no doubt, but it's too soon to call it a long-term trend. Fin Services will continue to consume the majority of the talent for the distant, yet foreseeable future. Academia alone won't make this goal a reality.