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A $30 million initiative to make New York City a hub for cybersecurity innovation was announced by the New York City Economic Development Corporation Monday.

The initiative, called Cyber NYC, involves a consortium of academic institutions including the City University of New York, Columbia University, New York University and Cornell Tech.

Working with industry partners, these institutions will develop new ways to prepare students for jobs in cybersecurity -- a field that will have an estimated 3.5 million unfilled jobs by 2021.

Vita C. Rabinowitz, interim chancellor at CUNY, said in a press release that the initiative would “bring industry professionals into classrooms to give our students a real-life perspective.”

CUNY will use funding from the initiative to develop online courses in conjunction with the NYU Tandon School of Engineering, which will be delivered via learning platform edX. CUNY will also expand its Tech-in-Residence program so that more industry professionals can teach as adjuncts, develop a master’s program in cybersecurity at the City College of New York, and run a training boot camp with software development training company Fullstack Academy at the LaGuardia Community College, among other projects.