Hoboken, NJ – Stevens Institute of Technology has submitted an Expression of

Interest to the City of New York in response to a call from Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel and New York City Economic Development Corporation President Seth W. Pinsky to develop a new Engineering and Science campus in New York City. The City of New York received 18 submissions from 27 academic institutions around the world.

“We were enormously optimistic that this once-in-a-generation opportunity would draw the interest of top caliber universities from New York City, the region and the world, and the number and breadth of responses is as strong an endorsement of the idea as we could have hoped for,” said Mayor Bloomberg. “The institutions that responded recognize the historic opportunity this initiative represents – to grow a presence in the world’s most dynamic, creative and globally connected city. For New York City, it’s an opportunity to increase dramatically our potential for economic growth – a game-changer for our economy. The day when a new campus opens its doors is still far down the road, but the quality of the initial responses is an incredibly promising sign that it can and will become a reality.”

Stevens proposed the development of the Stevens Innovation and Entrepreneurship Campus (SIEC), a self-sustaining, fully collaborative academic enterprise focused on top-tier technological innovation and pioneering entrepreneurship.

The SIEC would house:

• The Graduate School of Applied Science, Engineering and Technology Management (ASET), a world-class graduate institution dedicated to highly interdisciplinary and market-relevant research and education;

• The Center for Innovation and Entrepreneurship, where ASET research will be prototyped and associated business models tested to prove real-market viability;

• Satellite Technology Enterprises, where start-up companies working with ASET innovations will gain access to the resources and support of the SIEC; and

• Mixed-use residential and commercial space that will house faculty and students and provide a revenue stream for the enterprise.

Committed to the creation of new knowledge and a champion of entrepreneurial-focused scientific discovery, Stevens possesses a proven track record of introducing innovation into the marketplace through Technogenesis®, where the research enterprise creates opportunities for academic entrepreneurship. The Stevens model is an open system in which partners with diverse backgrounds combine their complementary expertise to create technological innovations that lead to successful technology transfer ventures.

“The SIEC would function as an Innovation and Entrepreneurship ecosystem, with each element contributing to an overall environment that fosters excellence in focused areas of graduate education, research and entrepreneurial endeavor,” stated Dr. George P. Korfiatis, Provost & Interim President of Stevens. “The vision for the SIEC is that it will draw the highest caliber students, faculty, innovators, entrepreneurs, and enterprise builders from across the country and around the world. New York City is the ideal location for this campus which would inspire, develop and support the kind of vital technological innovation that creates growth, new businesses and jobs.”

Twenty-seven institutions were involved in submitting proposals – formally, Expressions of Interest – in response to an invitation, issued by Mayor Bloomberg in December, to join the Administration’s efforts to diversify the City’s economy and boost the growing technology sector. After reviewing the responses, the City will issue a Request for Proposals by this summer and will aim to select a proposal by the end of 2011.

The institutions that submitted responses are:

· Åbo Akadmi University, Finland

· Amity University, India

· Carnegie Mellon University with Steiner Studios

· Cornell University

· Columbia University and the City University of New York

· The Cooper Union

· École Polytechnique Fédérale de Lausanne, Switzerland

· Indian Institute of Technology Bombay, India

· Korea Advanced Institute of Science and Technology, Korea

· New York University, Carnegie Mellon, the City University of New York, the University of Toronto, and IBM

· The New York Genome Center, with Albert Einstein College of Medicine, Columbia University Medical Center, Memorial Sloan Kettering Cancer Center, Mount Sinai School of Medicine, New York University, Rockefeller University, and the Jackson Laboratory

· Purdue University

· Rensselaer Polytechnic Institute

· Stanford University

· The Stevens Institute of Technology

· Technion-Israel Institute of Technology, Israel

· The University of Chicago

· The University of Warwick, United Kingdom



About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology, The Innovation University™, lives at the intersection of industry, academics and research. The University's students, faculty and partners leverage their collective real-world experience and culture of innovation, research and entrepreneurship to confront global challenges in engineering, science, systems and technology management.

Based in Hoboken, N.J. and with a location in Washington, D.C., Stevens offers baccalaureate, master's, certificates and doctoral degrees in engineering, the sciences and management, in addition to baccalaureate degrees in business and liberal arts. Stevens has been recognized by both the US Department of Defense and the Department of Homeland Security as a National Center of Excellence in the areas of systems engineering and port security research. The University has a total enrollment of more than 2,350 undergraduate and 3,600 graduate students with almost 450 faculty. Stevens' graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America as well as strategic partnerships with industry leaders, governments and other universities around the world. Additional information may be obtained at www.stevens.edu and www.stevens.edu/news.