The mayor’s office is offering up to $100 million in incentives and subsidies for the winner of the bid to build an applied sciences campus in New York City, and Cornell and Stanford are among the most zealous of the schools who have expressed interest so far.
“Mayor Bloomberg has laid out an inspired vision for a world-class applied science campus that will make New York City a hub of tech-sector business and innovation,” said Cornell President David Skorton in a press release. “Cornell University is ready to meet his call. By bringing together Cornell’s expertise in applied sciences and leadership in technology transfer and commercialization, with our long history of graduating successful entrepreneurs, we are poised to build a true 21st century campus that will train tomorrow’s tech leaders and drive New York City’s emerging tech economy.”
But Cornell has some stiff competition in its bid to become the Stanford of the east. Stanford University has also repeatedly said it’s very interested in setting up shop in New York, even though Stanford students aren’t all behind the idea.
Applied Sciences NYC will create billions of dollars in economic activity, hundreds of new companies, and nearly 30,000 jobs, according to an economic impact analysis commissioned by the city. Responses to the formal request for proposals, issued today, will be due in the fall and the winner will be selected by the end of 2011 with the school opening in 2015 either at the Navy Hospital Campus at the Brooklyn Navy Yard, the Goldwater Hospital Campus on Roosevelt Island, or on Governors Island.