April 1, 2015
Featured by US News & World Report.
Back in 2010, then-mayor Michael Bloomberg threw down a challenge: New York City would put up $400 million worth of land and infrastructure upgrades to seed a technology hub that would give Silicon Valley a run for its money. Universities would compete for the central role by proposing plans for an applied sciences research facility. The payoff over 30 years, Bloomberg predicted, would be some 400 new companies, billions of dollars in economic activity and nearly 30,000 new jobs.
Today, Bloomberg is back in the business world, running his namesake media company. Meanwhile, Applied Sciences NYC is taking shape with not one but four new grad-school options for those interested in applying technological know-how to contemporary problems. All four get a piece of the city’s largesse. Three of the programs created by the competition already have students on campus; another could open this year.