Fergie's Tech Blog

France Wants Its Own MIT

Via Red Herring.

Seeking to attract more researchers and funding in fields like nanotechnology and biotechnology, French scientists said Thursday they would create a Paris research center that will one day rival the Massachusetts Institute of Technology or Oxford University.

Proposed by the Strategic Innovation Council (SIC), an independent think tank, the European Institute of Technology of Paris is expected to draw about 300 high-level researchers to a 148-acre campus, possibly in a southwestern suburb of the capital.

Building 860,000 square feet of “ultramodern” labs would cost as much as €200 million ($240 million) and the institute’s operating budget would be about €800 million ($960 million) per year, the council said, with money coming from the French government and other sources.

posted by Fergie @ 9/29/2005 04:06:00 PM