Misplaced Pages

Silicon Alley

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

Silicon Alley is an area of high tech companies centered around southern Manhattan 's Flatiron district in New York City . The term was coined in the 1990s during the dot-com boom , alluding to California's Silicon Valley tech center. The term has grown somewhat obsolete since 2003 as New York tech companies spread outside of Manhattan, and New York as a whole is now a top-tier global high technology hub. Silicon Alley, once a metonym for the sphere encompassing the metropolitan region's high technology industries, is no longer a relevant moniker as the city's tech environment has expanded dramatically both in location and in its scope. New York City's current tech sphere encompasses a universal array of applications involving artificial intelligence , the internet , new media , financial technology ( fintech ) and cryptocurrency , biotechnology , game design , and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital investments.

#922077

37-667: The term Silicon Alley was derived from the long-established Silicon Valley in California. It was originally centered in the Flatiron District , in the vicinity of the Flatiron Building at Fifth Avenue near Broadway and 23rd Street , straddling Midtown and Lower Manhattan . Silicon Alley initially also used to extend to Dumbo , a neighborhood in Brooklyn . Columbia University and NYU 's leaderships were especially important in

74-573: A Bachelor of Science in applied science, an online completion Bachelor of Science in applied science, and a Master of Applied Science. Coursework is centered on science, agriculture, and natural resources with a wide range of options, including ecology, food genetics, entrepreneurship, economics, policy, animal science, and plant science. In New York City, the Bloomberg administration awarded the consortium of Cornell-Technion $ 100 million in City capital to construct

111-415: A provisional close-to-the-problem and close-to-the-data orientation, it may also use a more provisional conceptual framework , such as working hypotheses or pillar questions. The OECD 's Frascati Manual describes applied research as one of the three forms of research, along with basic research & experimental development . Due to its practical focus, applied research information will be found in

148-423: A sandwich shop that opened in the space in 1928. Notes 40°44′27″N 73°59′23″W  /  40.7408°N 73.9896°W  / 40.7408; -73.9896 Applied science Applied science is the application of the scientific method and scientific knowledge to attain practical goals. It includes a broad range of disciplines, such as engineering and medicine . Applied science

185-606: Is a neighborhood in the borough of Manhattan of New York City , named after the Flatiron Building at 23rd Street , Broadway and Fifth Avenue . Generally, the Flatiron District is bounded by 14th Street , Union Square and Greenwich Village to the south; the Avenue of the Americas (Sixth Avenue) and Chelsea to the west; 23rd Street and Madison Square (or NoMad ) to the north; and Park Avenue South and Gramercy Park to

222-684: Is located in New York. Verizon Communications , headquartered at 140 West Street in Lower Manhattan, was in 2014 in the final stages of completing a US$ 3 billion fiber-optic telecommunications upgrade throughout New York City. This revival was not restricted to Lower Manhattan, but was spread throughout New York City. Hence "Silicon Alley" has been considered by some observers to be an obsolete term. 40°44′32″N 73°59′28″W  /  40.7421°N 73.9911°W  / 40.7421; -73.9911 Flatiron District The Flatiron District

259-599: Is often characterized as having four main branches: chemical engineering , civil engineering , electrical engineering , and mechanical engineering . Some scientific subfields used by engineers include thermodynamics , heat transfer , fluid mechanics , statics , dynamics , mechanics of materials , kinematics , electromagnetism , materials science , earth sciences , and engineering physics . Medical sciences , such as medical microbiology , pharmaceutical research , and clinical virology , are applied sciences that apply biology and chemistry to medicine. In Canada,

296-420: Is often contrasted with basic science , which is focused on advancing scientific theories and laws that explain and predict natural or other phenomena. There are applied natural sciences, as well as applied formal and social sciences. Applied science examples include genetic epidemiology which applies statistics and probability theory , and applied psychology , including criminology . Applied research

333-420: Is the practice of using natural science , mathematics , and the engineering design process to solve technical problems, increase efficiency and productivity, and improve systems. The discipline of engineering encompasses a broad range of more specialized fields of engineering , each with a more specific emphasis on particular areas of applied mathematics , applied science, and types of application. Engineering

370-532: Is the use of empirical methods to collect data for practical purposes. It accesses and uses accumulated theories, knowledge, methods, and techniques for a specific state , business , or client-driven purpose. In contrast to engineering, applied research does not include analyses or optimization of business, economics, and costs. Applied research can be better understood in any area when contrasting it with basic or pure research. Basic geographical research strives to create new theories and methods that aid in explaining

407-677: The Pan Am Building . The marble clock tower of the building, modeled on St Mark's Campanile in Venice , dominates Madison Square and the park there. Nearby, on Madison Avenue between 26th and 27th Streets , on the site of the old Madison Square Garden , is the New York Life Building , built in 1928 and designed by Cass Gilbert , with a square tower topped by a pyramid covered with gold-colored tiles. The Appellate Division Courthouse of New York State on Madison Avenue at 25th Street ,

SECTION 10

#1732851220923

444-693: The 1990s, known as the dot-com bubble , came to a rapid halt during the early 2000s recession . During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the Silicon Alley Reporter was rebranded as Venture Reporter , in September 2001, and sold to Dow Jones . Self-financed AlleyCat News ceased publication in October 2001. A couple of years after

481-741: The GNVQ qualifications offered up to 2005. These courses regularly come under scrutiny and are due for review following the Wolf Report 2011; however, their merits are argued elsewhere. In the United States, The College of William & Mary offers an undergraduate minor as well as Master of Science and Doctor of Philosophy degrees in "applied science". Courses and research cover varied fields, including neuroscience , optics , materials science and engineering , nondestructive testing , and nuclear magnetic resonance . University of Nebraska–Lincoln offers

518-576: The Netherlands, and other places, the Bachelor of Applied Science (BASc) is sometimes equivalent to the Bachelor of Engineering and is classified as a professional degree. This is based on the age of the school where applied science used to include boiler making, surveying, and engineering. There are also Bachelor of Applied Science degrees in Child Studies. The BASc tends to focus more on the application of

555-505: The Silicon Alley label. "Subject: NYC - silicon ALLEY" shows up in an internet post by Jason Denmark on February 16, 1995; another Jason Denmark post on June 16, 1995, is "Subject: SILICON 'ALLEY' POSITIONS." The first publication to cover Silicon Alley was @NY, an online newsletter founded in the summer of 1995 by Tom Watson and Jason Chervokas . The first magazine to focus on venture capital opportunities in Silicon Alley, AlleyCat News co-founded by Anna Copeland Wheatley and Janet Stites,

592-641: The Tower), and taller than the Flatiron Building. The triplex penthouse was purchased for $ 57.3 million in February 2014. Another landmark is the 1909 sidewalk clock outside 200 Fifth Avenue. The campus of the City University of New York 's Baruch College is located between 23rd and 25th Streets on Lexington Avenue , at the eastern edge of the district. The Field Building at 23rd Street and Lexington Avenue,

629-463: The U.S., the area began to be referred to as the Photo District because of the large number of photographers' studios and associated businesses located there, the photographers having come because of the relatively cheap rents. As of the 2000s, many publishers have their offices in the district, as well as advertising agencies , and the number of computer- and Web-related start-up companies in

666-458: The alley's early development. The term Silicon Alley may have originated in 1995 by a New York staffing recruiter, Jason Denmark, who was supporting clients in the newly dubbed technical hub in downtown Manhattan; in an effort to attract candidates who, at that time, were focusing on positions in Silicon Valley, he posted in public usenet postings of Object Technology Developers, job ads with

703-502: The area caused it to be considered part of " Silicon Alley " or "Multimedia Gulch", along with TriBeCa and SoHo . The Flatiron district was bounded by the center of the printing trades south of 23rd Street and the garment industry starting to the north of 23rd Street. With the collapse of the printing trades and the textile industries in New York City, the area's business focus shifted towards technology companies, and to firms serving

740-699: The area include Tibet House US , the Tibetan cultural preservation and education nonprofit founded by Robert Thurman and Richard Gere , which features a gallery and exhibitions on 15th Street. The Museum of Sex and the Gershwin Hotel, are both located on 27th Street. The Gershwin is a tribute to the late pop artist Andy Warhol , and features some of his art and memorabilia throughout the hotel. The area has many stores, such as Ann Taylor , Victoria's Secret , Club Monaco , and Origins . " Big-box " retailers dominate Sixth Avenue between 14th Street and 23rd Street, at

777-517: The district's western edge. One of the neighborhood's older restaurants is Eisenberg's Sandwich Shop , founded in 1929. The classic 40-foot (12 m) lunch counter restaurant at 174 Fifth Avenue, near East 22nd Street, changed owners five times over the last 94 years. It was saved from closing in 2005 by a loyal customer, closed again in March 2021 due to the Covid pandemic, and reopened as S & P, named for

SECTION 20

#1732851220923

814-514: The dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup, and NextNY. On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion-Israel Institute of Technology to build a US$ 2 billion graduate school of applied sciences on Roosevelt Island , with the goal of transforming New York City into the world's premier technology capital. As of 2013, Google 's second largest office by number of employees, 111 Eighth Avenue ,

851-471: The east. Broadway cuts through the middle of the district, and Madison Avenue begins at 23rd Street and runs north. At the north (uptown) end of the district is Madison Square Park , which was completely renovated in 2001. The Flatiron District encompasses within its boundaries the Ladies' Mile Historic District and the birthplace of Theodore Roosevelt , a National Historic Site . The Flatiron District

888-436: The employees in the high-tech, finance, media, legal, and medical sectors. The Flatiron District is located in the part of Manhattan where the bedrock Manhattan schist is located deeper underground than it is above 29th Street and below Canal Street . Under the influence of zoning laws , the tallest buildings in the area used to top out at around 20 stories; older buildings of 3-6 floors are still numerous, especially on

925-628: The engineering sciences. In Australia and New Zealand, this degree is awarded in various fields of study and is considered a highly specialized professional degree. In the United Kingdom's educational system , Applied Science refers to a suite of "vocational" science qualifications that run alongside "traditional" General Certificate of Secondary Education or A-Level Sciences. Applied Science courses generally contain more coursework (also known as portfolio or internally assessed work) compared to their traditional counterparts. These are an evolution of

962-549: The influx of many restaurants into the area – real estate agents needed an appealing name to call the area in their ads. Before that, the area was primarily commercial, with numerous small clothing and toy manufacturers, and was sometimes called the Toy District . The Toy Center buildings at 23rd Street and Broadway date from this period, and the annual American International Toy Fair took place there beginning in 1903, except for 1945. When much of this business moved outside

999-477: The knowledge obtained from applied research, studies are conducted on criminals alongside their behavior to apprehend them. Moreover, the research extends to criminal investigations. Under this category, research methods demonstrate an understanding of the scientific method and social research designs used in criminological research. These reach more branches along the procedure towards the investigations, alongside laws, policy, and criminological theory. Engineering

1036-748: The larger New York press helped to popularize both the name, and the idea of New York City as a dot-com center. In 1997, over 200 members and leaders of Silicon Alley joined NYC entrepreneurs, Andrew Rasiej and Cecilia Pagkalinawan to help wire Washington Irving High School to the Internet. This response and the Department of Education's growing need for technology integration marked the birth of Making Opportunities for Upgrading Schools and Education (MOUSE), an organization that today serves tens of thousands of underserved youth in schools in five states and over 20 countries. The rapid growth of internet companies during

1073-413: The literature associated with individual disciplines. Applied research is a method of problem-solving and is also practical in areas of science, such as its presence in applied psychology. Applied psychology uses human behavior to grab information to locate a main focus in an area that can contribute to finding a resolution. More specifically, this study is applied in the area of criminal psychology. With

1110-442: The messy real world, strict research protocols may need to be relaxed. For example, it may be impossible to use a random sample . Thus, transparency in the methodology is crucial. Implications for the interpretation of results brought about by relaxing an otherwise strict canon of methodology should also be considered. Moreover, this type of research method applies natural sciences to human conditions: Since applied research has

1147-639: The oldest building on the Baruch campus, sits on the former site of the Free Academy (now City College of New York ), which was founded in 1847 and was the first institution of free public higher education in the United States. Baruch's Newman Vertical Campus as well as the Zicklin School of Business , the largest collegiate school of business in the United States, are also located on 24th and 25th Streets between Third and Lexington Avenues. Cultural attractions in

Silicon Alley - Misplaced Pages Continue

1184-586: The processes that shape the spatial structure of physical or human environments. Instead, applied research utilizes existing geographical theories and methods to comprehend and address particular empirical issues. Applied research usually has specific commercial objectives related to products, procedures, or services. The comparison of pure research and applied research provides a basic framework and direction for businesses to follow. Applied research deals with solving practical problems and generally employs empirical methodologies. Because applied research resides in

1221-540: The side streets. Notable buildings in the district include the Flatiron Building , one of the oldest of the original New York skyscrapers. To the east, at 1 Madison Avenue, is the Met Life Tower , built in 1909 and at 700 feet (210 m) was the tallest building in the world until 1913, when the Woolworth Building was completed. It is now occupied by Credit Suisse since MetLife moved their headquarters to

1258-709: Was also the birthplace of Silicon Alley , a metonym for New York's high technology sector, which has since spread beyond the area. The Flatiron District is part of Manhattan Community District 5 . Residents are represented by the Flatiron Alliance neighborhood association and nearby businesses by the Flatiron NoMad Partnership business improvement district , though the two have different (partially overlapping) boundaries. The designation "Flatiron District" dates from around 1985, and came about because of its increasingly residential character, and

1295-456: Was an initiative of law firm Sonnenschein and the Kellogg School of Management , as well as other corporate founders, including Accenture (then Andersen Consulting), AlleyCat News and Merrill Lynch . Silicon Alley Reporter started publishing in October 1996. It was founded by Jason Calacanis and was in business from 1996 to 2001. @NY, print magazines, and the attending media coverage by

1332-490: Was completed in 1900 by architect James Brown Lord , who used a third of the construction budget to decorate the building with statues and murals. Completed in 2010, One Madison Park , a 50-story luxury condominium tower, sits at 23 East 22nd Street, at the foot of Madison Avenue and across from Madison Square Park. It is nearly as tall as the Met Life Tower (617.5 feet (188.2 m), compared to 700 feet (210 m) for

1369-407: Was launched in the fall of 1996. Courtney Pulitzer branched off from her @The Scene column with @NY and created Courtney Pulitzer's Cyber Scene and her popular networking events Cocktails with Courtney. First Tuesday , co-founded by Vincent Grimaldi de Puget and John Grossbart , became the largest gathering of Silicon Alley, welcoming 500 to 1000 venture capitalists and entrepreneurs every month. It

#922077