As a leading, private, technological institution, Stevens contributes to the growth of the tech industry in five ways – its innovative educational model, its extensive alumni network, its groundbreaking research, its commercialization of technology, and its unique partnerships. Beyond the tech sector contribution, the research and graduates of Stevens are helping to fuel New Jersey’s economy.
Stevens’ undergraduate and graduate education model emphasizes technological innovation and entrepreneurship. All entering engineering students are required to complete a freshman-level course on entrepreneurship. Since 2014, 29 teams from this class were accepted by Kickstarter, the premium crowd-funding site, and one team reached $10,000 in crowdsourced funding.
Once students graduate, they become part of an extensive alumni network. Stevens graduates contribute as technological leaders in large technology companies in New Jersey and internationally, including General Motors, Texas Instruments, Becton Dickinson, Verizon, Lockheed Martin,
Exxon Mobile, LG Display and Samsung.
Research at Stevens is integrally connected to industry, with a specific focus on technological innovation and commercialization. The priority of the University’s 10-year Strategic Plan is the pursuit of research aligned with areas of opportunity and economic growth in New Jersey and nationally: in healthcare and medicine; sustainable energy; financial systems; defense and security; and, science, technology, engineering and mathematics (STEM) education.
· The Biotechnology and Drug Discovery Laboratory of Stevens’ Center for Healthcare Innovation, in which researchers are employing a new innovative, computational technology that can save years — and millions of dollars — in the search for new cures, medications and therapies targeting ailments such as cancer.
· A $2-million contract from the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) to improve detection of threats coming into the U.S. through container shipments.
· Research in quantitative finance, financial analytics, financial engineering, risk management, strategy, modeling and analysis assists those involved in these tech-based fields to understand and manage today’s complex global financial markets. This research has led to partnerships with companies such as Accenture.
· Stevens’ award-winning entry in the U.S. Department of Energy’s Solar Decathlon, SU+RE House (for SUstainability + REsilience), operates on 90 percent less energy than a comparably sized house and is training tomorrow’s experts in the complexities of sustainability. The innovations in the home are the result of enhanced technology that will become the basis for the future of coastal housing, creating an entirely new dimension to the home-building industry.
· A Stevens venture, the NJ based software company, Castle Point Learning Systems, was founded by two eminent mathematicians on the faculty at Stevens Institute of Technology.
Moreover, Stevens’ deliberate efforts to expand its legacy and expertise in technological innovation, have resulted in significant national attention, including:
· A No. 3 ranking among U.S. universities in net Return on Investment, according to Payscale.com. During the next 20 years, Class of 2014 Stevens graduates can expect an 8.1 percent return annually on the cost of their education.
· A 103 percent increase in applications over the past five years.
· A jump of 41 percent for sponsored research.
About Stevens Institute of Technology
Stevens Institute of Technology, The Innovation University®, is a premier, private research university situated in Hoboken, N.J. overlooking the Manhattan skyline. Founded in 1870, technological innovation has been the hallmark and legacy of Stevens’ education and research programs for 145 years.
Within the university’s three schools and one college, more than 6,800 undergraduate and graduate students collaborate with more than 380 faculty members in an interdisciplinary, student-centric, entrepreneurial environment to advance the frontiers of science and leverage technology to confront global challenges. Stevens is home to three national research centers of excellence, as well as joint research programs focused on critical industries such as healthcare, energy, finance, defense, maritime security, STEM education and coastal sustainability. Stevens is in the midst of a 10-year strategic plan, The Future. Ours to Create., designed to further extend the Stevens legacy to create a forward-looking and far-reaching institution with global impact.
National attention to the outstanding quality of a Stevens education continues to grow. Stevens is consistently ranked among the nation’s elite for return on investment for students, career services programs and mid-career salaries of alumni.