Sunday, November 17, 2013

Why not in NJ?

The NYT tells us:
A study conducted last year by two Stanford professors estimated that nearly 40,000 active companies generating annual revenue of $2.7 trillion can trace their roots in some way to Stanford.
Amazing what a entrepreneurial culture and a great university can do.

But apart from Mayor Bloomberg in New York City,  I don't see anyone around who is doing anything - I think the NYC - Philadelphia corridor ought to be another great technology center.

New York City’s ambitions to challenge Silicon Valley as a technology center are taking root on a narrow isle in the East River, where Cornell University is building a $2 billion campus and startup incubator.


The graduate school, known as CornellNYC tech, is part of a broader push by Mayor Michael Bloomberg to make the city a global technology leader. In December, Cornell and the Technion- Israel Institute for Technology beat out six competing bids to build the campus, including one from Stanford University. A $350 million donation from Cornell graduate Charles Feeney helped seal the university’s victory.

The city is donating space on Roosevelt Island and as much as $100 million for infrastructure improvements. The mayor is founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

The project is meant to bolster job creation in the city and generate 600 spinoff companies and $23 billion in economic activity over the next three decades. Until the Roosevelt Island campus opens in 2017, it will run in Manhattan’s Chelsea neighborhood, in space leased rent-free from Google.