Stanford University Considering New York Outpost
By Olivia Scheck on February 18, 2011 3:26pm
By Olivia Scheck
MANHATTAN — Stanford University could bring a taste of Silicon Valley to the Big Apple.
The Palo Alto-based university will submit an "expression of interest" to the New York City Economic Development Corp. (NYCEDC) next month, in response to Mayor Michael Bloomberg's call for a state-of-the-art science research facility in the city, possibly Governors Island, according to a statement released by the school on Thursday.
The NYCEDC extended the invitation to universities and other organizations to open an engineering or applied science research facility in the city last December in the hopes of stimulating a growth industry in the five boroughs.
Governors Island and the Goldwater Campus on Roosevelt Island were highlighted by the city as potential sites for the expansion.
"Stanford has served as an intellectual incubator for the emergence of the Silicon Valley and has the potential to do so again," Stanford President John Hennessy said in the statement announcing the school's consideration of the New York expansion.
"The opportunity presented by the city of New York is one that Stanford should at least explore."
Hennessy said the potential New York affiliate would focus on information technology, and import faculty from Stanford's School of Engineering and the Graduate School of Business, according to the statement.
The initial investment could involve 25 faculty, 125 doctoral students and at least 250 masters students, the statement said.
Once a proposal is accepted, the city has said it will support the project by investing capital and possibly land to the venture.