Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of GraphSearch.
Concept
Stanford Research Park
Summary
Stanford Research Park (SRP) is a technology park established in 1951 as a joint initiative between Stanford University and the City of Palo Alto. It was the world's first university research park. It has more than 150 companies, including Hewlett-Packard, Tesla Motors, TIBCO and VMware; previously, it housed high-profile companies, including Steve Jobs's NeXT Computer, Xerox PARC, and Facebook. It has been called "an engine for Silicon Valley" and "the epicenter of Silicon Valley".
The park covers and has 10 million square feet of commercial real estate in an area surrounding Page Mill Road, south west of El Camino Real and extending beyond Foothill Expressway to Arastradero Road. As of January 2018, the park's 140 buildings house over 150 different companies and their 23,000 employees. It is currently home to companies like Hewlett-Packard, Lockheed Martin, Tesla Motors, Nest, Skype, TIBCO and SAP. VMware is the park's largest tenant as of January 2018.
In 2016, SRP contributed an estimated 2.4 billion to Santa Clara County. In 2016, SRP contributed more than $45 million in taxes (across local, state, and federal).
After World War II, Stanford University found itself in difficult financial circumstances. But given that it was rich in land, Stanford University Provost and Dean of Engineering Frederick Terman proposed a Stanford-affiliated and R&D-focused business park that would generate income for Stanford as well as tax revenue for the Palo Alto community. Stanford University and the City of Palo Alto partnered to found the park, which was initially named Stanford Industrial Park. In 1951, the initiative was authorized and 209 acres were allocated. In 1953 Varian Associates moved in as the park's first tenant.
In the early days, Stanford tightly controlled development, without the help of an outside developer. It also rigorously screened potential tenants to ensure they were in line with university objectives.
Official source
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.