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A $100 Million Bet That Vacationland Can Be a Tech Hub, Too

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A scene on the coast of Portland, ME.

Portlands city manager said the Roux Institute might be the greatest economic opportunity of the 21st century for Portland and Maine.

Credit: Sarah Rice/The New York Times

Portland, ME, has unveiled a technology research institute which local officials hope will drive the local economy.

Private-equity firm Silver Lake Partners co-founder David Roux is donating $100 million to Northeastern University to set up a graduate school and research center that will award degrees in artificial intelligence and machine learning for application to the life sciences.

Roux envisions a hub for producing technologists that will feed into Maine and northern New England's innovation economy.

Supporters hope the Roux Institute will encourage undergraduates to enter tech-related fields, while graduates will enhance the workforce for local businesses and possibly attract tech companies to Portland.

From The New York Times
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