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The Nasdaq Educational Foundation today announced the establishment of the Nasdaq Entrepreneurial Center, a nonprofit organization that is designed to convene, connect and engage aspiring and current entrepreneurs, while also serving the community of the greater Bay Area through events, education and mentor programming. Funded through a grant from the Nasdaq Educational Foundation, the Nasdaq Entrepreneurial Center will be located at 505 Howard Street in San Francisco’s South Financial District and is slated to open in 2015, according to Newmark Grubb Knight Frank (NGKF), the commercial real estate advisor to Nasdaq.
“Supporting entrepreneurialism is integral to Nasdaq’s DNA,” said Bob Greifeld, CEO, Nasdaq and Chairman, Nasdaq Educational Foundation. “The opening of this new facility will be a critical component to how Nasdaq, through these two charitable organizations, continues to serve the greater Bay Area and the Silicon Valley communities in delivering education and resources to entrepreneurs.”
The Entrepreneurial Center will offer ongoing educational programming, including lectures and seminars and will provide information on the entrepreneurial sector, hands-on business mentorship, and technical assistance. Since its founding in 1994, the Nasdaq Educational Foundation has partnered with several leading California-based organizations including: The UCLA Anderson School of Business, The Tech Museum of Innovation, Business Association of Stanford Entrepreneurial Students and Stanford Law School.
“We envision the Nasdaq Entrepreneurial Center to be a place where the next generation of innovators will have access to resources and guidance to encourage and foster entrepreneurial talent to grow and thrive,” said Bruce Aust, Executive Vice President, Nasdaq, who, as President of the Nasdaq Entrepreneurial Center, will be responsible for it being built and launched.
Resources at the Entrepreneurial Center will include classrooms, a public museum that documents the history of entrepreneurship, a coffee shop for individuals to gather and exchange ideas, and a studio space available for entrepreneurs as a means to produce high quality media pieces for public distribution. In addition, the Nasdaq Entrepreneurial Center will house a professionally-managed event space, and host a wide array of educational events and programming.
“San Francisco represents the epicenter of the entrepreneurial spirit,” said Joan Conley, Managing Director, Nasdaq Educational Foundation. “We are excited to begin building an academic institution to support entrepreneurship in the greater Bay Area, and around the world.”
The 13,000-square-foot space comprises the ground floor of Tishman Speyer’s newly-completed LEED Gold-certified office development known as Foundry Square III, which features one of the largest indoor living walls in the U.S., 24-hour valet services, bicycle facilities and a covered parking garage.
The Nasdaq Educational Foundation was represented by Merrill Roth with NGKF in New York and Tom Neuberger with Newmark Cornish & Carey in San Francisco. Newmark Cornish & Carey retail advisors Julie Taylor and Erika Elliott represented owner Tishman Speyer in the transaction.
About The Nasdaq Educational Foundation:
The Nasdaq Educational Foundation, Inc. was established in 1994 and is supported entirely by contributions from Nasdaq. The mission of The Nasdaq Educational Foundation, Inc. is to promote and provide opportunities through collaborations and initiatives that support and deliver innovative educational programs and charitable activities.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.