In December, 2006, President Hultin provided a year-end quarterly update on a wide range of key activities throughout the University. Topics included both academic initiatives and administrative activities, as well as other relevant items, including:
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| President Jerry Hultin |
A 2-Day, Off-site Senior Administrators Round Table to review the University’s progress, develop the key components of a proposed new strategic plan, and chart the actions needed to in the coming months. The University’s mission and vision was discussed in relation to Poly’s core capabilities, and the Round Table findings are being incorporated into the University’s strategic plan. Discussions and review, with all stakeholders, will continue throughout the Spring semester with Provost Erich Kunhardt working with academic department heads, the FEC, and the entire faculty to thoroughly vet, modify and endorse the plan. The preliminary Strategic Plan is available via my.poly.edu; and, as we finalize the plan, we urge all to forward their comments to Richard Thorsen (rthorsen@poly.edu), Vice President of Strategic Initiatives, Planning and Assessment.
The purpose of the Strategic Plan is to establish a set of actions which, when successfully executed, will initiate a transformation of Polytechnic Institute of NYU into a leading 21st century research university engaged in education, research and creation with social and economic impact. We will achieve this by innovatively focusing our energy, skills and resources on activities that will achieve three goals:
- excellence in our core disciplines
- preeminence in a limited number of distinctive multi-disciplinary focus areas
- generate revenue streams to create a future that allows investment to improve in all that we do.
A preliminary draft of the University’s Mission arose from the Round Table discussions, as follows:
University Mission (Working Draft as of December 18, 2006)
We educate, discover, and invent for students seeking opportunity, faculty seeking consequence, and organizations seeking answers and solutions. Using PolyThinking, we creatively bring intellectual rigor, technological innovation, and a passion for science to the communities where we work and live and to the citizens of the world.
In doing this, we will extend the benefits of science, engineering, management, liberal studies and innovation to critical, real-world opportunities and challenges, especially those linked to urban systems, health and wellness, and the global information economy.
The university’s core capabilities include not only the traditional pillars of education and research, but a third pillar based on creativity, innovation, and invention. Our goal is to assure that we are highly regarded for how we use technology and innovation to meet the key challenges of today’s global society and highly competitive marketplace.
Under this rubric, the three areas of emphasis that arose from the President’s Workshops—Urban Systems, Health and Wellness, and the Global Information Economy—can be viewed as “lenses” through which we focus the our efforts to generate greater recognition and appreciation for NYU-Poly throughout the professional, industrial and educational technology sectors.
Entrepreneurial Support for Innovation and Invention Ideas and Initiatives
In support of Poly’s strategic vision, the BEST Center is providing assistance in developing ideas with market potential. Current efforts include assessing the potential social/economic impact of an idea or business concept, and providing support for entrepreneurial activities, such as: business plan development; license agreements; commercial partnerships; bringing early-stage and venture financing to the table, and creating new companies.
Retention Blitz
In an effort to reverse past trends in attrition, all faculty and middle managers were asked to participate in a new Spring 2007 student enrollment initiative, by personally contacting all current students to ensure a smooth registrations process. Through e-mail blasts and phone calls, students received referrals to the right office to remove registrations holds, course selection advising, and/or financial assistance. As a result of this and other efforts, Spring ‘07 registration is up by nearly 6% over Spring ‘06. These efforts demonstrate how faculty and staff engagement with all Poly’s students can significantly improve our retention rate, and enhance Poly’s graduation rate in the coming years.
Angel Fund Investments - Three Foci
Continued discussions are being held with the three focus teams—Urban Systems, Health and Wellness, and the Global Information Economy – to select high-return projects for NYU-Poly to invest its finite resources. Although the availability of $1.5 million in angel funds has taken somewhat longer than anticipated, our goal remains the same—our team efforts must assure our angel-funders that Poly’s investments have the clear potential of generating high returns. To that end, we will be selecting proposals to be funded from those submitted and discussed by the three teams for review by our angel-funders.
Angel Funds for Recruiting, Retention and Marketing
Approximately $1.8 million has been earmarked for disbursement this year to increase: the branding of Polytechnic Institute of NYU, to develop stronger marketing of graduate, e-Poly, and professional education programs; expand recruitment of undergraduate students; and, augment faculty and staff to serve this expanded student body.
Economic Development Proposal for NYC and Brooklyn
A proposal has been drafted for Polytechnic to serve as a lead institution in defining Brooklyn as a new center of innovation and technology in New York. Based on the encouragement of influential NYC leaders we have circulated the proposal to Brooklyn governmental, corporate, and civic leaders to garner their support. This proposal will be presented to incoming Governor Elliott Spitzer in early 2007.
This unique NYU-Poly package proposes substantial state support for a new Center of Innovation and Device Technology, and formal alliances with key organizations in Brooklyn such as the Brooklyn Chamber of Commerce, the Downtown Brooklyn Partnership, Pratt Institute, City Tech, SUNY Downstate, and the Brooklyn Navy Yard. The NYU-Poly package requires strong political support from the Brooklyn delegation in Albany. To date, preliminary discussions with key local leaders have been very positive.
Many of you have special relationships with local community, business and political leaders that can increase the depth of their support for Poly. Please contact Kate Smith (ksmith@poly.edu) and let her know the names of these leaders, and your relationship or affiliation to them, so we can leverage Poly's networking capacity.
Capital and Real Estate Update
Negotiations for selling the development rights related to our real estate holdings in MetroTech are proceeding well. The terms of a Letter of Intent are completed. While a Letter of Intent is a major step forward, the value of the “development rights” will be based on the Brooklyn real estate market as the project comes to fruition. As the design and permitting issues ensue, the University will make major decisions about its space needs for the next twenty to thirty years, including potential improvements to Rogers Hall, the advisability of adding facilities on top of the Dibner-CATT building, and recommendations for the replacement for the very old Jacobs Administration Building. Please feel free to forward your observations and concerns to the President’s Office as this initiative unfolds.
A New Faculty Lounge
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| Dr. Rudy Marcus |
In conversation with faculty and the administration, Poly’s Nobel laureate, Rudy Marcus, observed that the faculty lounge at CalTech serves as a primary catalyst to spur intellectual creativity. Thus, opening a new faculty lounge here at NYU-Poly has become priority, and discussion on the best location for such a lounge is underway with the Faculty Executive Committee. Please forward your ideas regarding the lounge’s location and facilities (from white boards to water coolers) to Bob Flynn, Speaker of the Faculty, at rflynn@poly.edu.
Communities of Practice
In an effort to systematically network Poly’s various constituencies, Alumni Relations is establishing Communities of Practice (COP) to provide on-going value and benefits to all the members of the Polytechnic community. Scheduled begin to operation in early 2007, the COPs will be announced to alumni and the NYU-Poly community at large in the winter issue of Cable.
Using on-line forums based on similar interests or professions, Communities of Practice breech the geographic distance between people through the use of discussion forums, blogs, document sharing and other tools. Each community will have a moderator who will serve as a professional discussion leader for the area of focus, answer queries and help shape the community. Alumni and other members of the NYU-Poly community, including faculty, staff and eventually students will set its own membership criteria to facilitate professional development opportunities, job leads, and networking opportunities to create a vigorous network of smart and well-connected people.