The city is set to release it official RFP next week that will shed some more light on the bid to build a new engineering campus in New York. While a winner hasn’t been selected yet, Betabeat has heard that Stanford, who has been playing public footsy with the mayor for some time, is one of the frontrunners. The other two top contenders are Cornell and Technion, the Israel Institute of Technology.
In order to attract top students from hotbeds like Indian and China, the city knows it needs a great brand. That is why it is reaching out to other universities instead of just growing the indigenous programs. In this respect it is hard to top Stanford, but there are some interesting advantages for in-state rival Cornell.
Building a new campus a multi-year process. But so is earning accreditation in New York state, a requirement for handing out those snazzy Stanford diplomas. Cornell is already approved and can bypass that three to five year process. The Ithaca native also has significant real estate holdings already in place, including the new $630 million WCMC extension at the Weill Medical College.
It’s less clear what separates Technion from the pack, but Silicon Alley has had close ties with the Israeli tech scene since the dot-com days.
Perhaps by the time this project is finished, the best brains in the tech scene will still see the value in a formal degree and not opt for education by accelerator instead.