Celebrating
Success
2023 has seen a lot of change across Stanford Research Park. From our vantage point, we see a lot to celebrate among the companies we host.
Tenant
Highlights
Stanford Research Park is a dynamic location where we embrace new and novel ideas, original approaches and ideas, and the change that's central to the Silicon Valley experience.
Tesla HQ2
We are happy to welcome another Tesla location to Stanford Research Park. In early 2023, Tesla opened its global engineering headquarters at 1501 Page Mill Road — a space previously occupied by Silicon Valley stalwart Hewlett Packard. When Tesla CEO Elon Musk and California Governor Gavin Newsom (D) announced the opening on site, the governor referred to it as “...another proof point of the renewable energy vibrancy that is California.”
PARC Joins SRI International
This year, PARC combined with SRI International. Through this combination, two Silicon Valley leaders will build on their own legacies and create the next set of technological breakthroughs. Founded in 1970, PARC pioneered numerous technological advancements including Ethernet, laser printing, the graphical user interface, and ubiquitous computing. SRI International and PARC will collaborate to create a joint innovation center.
ARC Institute Opens Their Doors to Discovery
Arc Institute celebrated their grand opening in October. Arc is a nonprofit research organization founded on the belief that many important scientific programs can be enabled by new organizational models. Arc operates in partnership with Stanford University, UCSF, and UC Berkeley. Arc researchers collaborate across diverse disciplines to study complex diseases, including cancer, neurodegeneration, and immune dysfunction.
Celebrating 70 Years of Innovation at Stanford Research Park!
This year we acknowledged 70 years since our first tenant, Varian, began operations in Stanford Research Park. We celebrated this milestone with cultural, sustainability, and STEAM events throughout the summer.
In June we celebrated the cultures and diversity that make Stanford Research Park a unique and vibrant center of innovation with dance performances, live music, cultural foods, and hands-on experiences.
In July we celebrated the sustainability achievements of Stanford Research Park companies and the dozens of community organizations that strive to support local ecosystems and protect the planet.
We wrapped up summer with a Science, Technology, Engineering, Arts and Math (STEAM) celebration in August featuring interactive activities that highlighted the innovative technologies of HP, Lockheed Martin, Varian, and Tesla.
Thank you to the Stanford Research Park community and our Palo Alto neighbors for celebrating 70 years of innovation at Stanford Research Park!
By The Numbers
1951
Year founded as a partnership between Stanford and City of Palo Alto150+
companies comprising a diverse and thriving community of entrepreneurs and innovators700+
companies launched by StartX to date200,000
square feet of Life Sciences accelerator lab space$2.4B
annual value to Santa Clara County stimulated by Stanford Research Park$775M
annual value to Palo Alto economy stimulated by Stanford Research Park$24M
annual contribution to Palo Alto schools - the equivalent of 144 full-time teaching positions$91M+
contributed to the City of Palo Alto housing efforts since 2018$518M
estimated annual direct spending by SRP-based employers, employees, and visitors1951
Year founded as a partnership between Stanford and City of Palo Alto150+
companies comprising a diverse and thriving community of entrepreneurs and innovators700+
companies launched by StartX to date200,000
square feet of Life Sciences accelerator lab space$2.4B
annual value to Santa Clara County stimulated by Stanford Research Park$775M
annual value to Palo Alto economy stimulated by Stanford Research Park$24M
annual contribution to Palo Alto schools - the equivalent of 144 full-time teaching positions$91M+
contributed to the City of Palo Alto housing efforts since 2018$518M
estimated annual direct spending by SRP-based employers, employees, and visitorsWE CELEBRATE
OUR COMMUNITY OF INNOVATORS