November 19, 1999
MIT and U. of Cambridge Announce $135-Million Joint Venture
The University of Cambridge and the Massachusetts Institute of Technology last week announced a $135-million venture that officials of both institutions hope will create a new model for global higher education.
The universities will form the Cambridge-M.I.T. Institute, which involves departments and faculties at both institutions. The institute will not have a physical site.
"The institute will help place the U. K. at the cutting edge of the globalization of higher education,"
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