Tech is just one small part of what the NYC startup scene has to offer. In adding to tech startups, there are also many success stories in finance, art, healthcare, media and advertising.

Today, New York is a world leader in media, advertising, communications, marketing and financial services. A collaborative city with a high creative density, the Big Apple also excels in the fields of art, design and architecture.

New York ecosystem

CULTIVATING CURIOSITY & DRIVING INNOVATION 

NYC. Challenge the status quo and drive mindset change by immersing yourself in one of the most thriving and interconnected ecosystems, with all the ingredients for business success across every sector.

More money and bubbly behaviour

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New York City By The Numbers

 

#1 

center for tech employment (NYC/MSA area) 

#2 

 in nation for general VC investment (NYVCA) 

Technology is the business driver of the future, and New York is the city that is fully embracing this opportunity.

#1 

world financial center (Global Financial Centres Index) 

New York City aka the SILICON ALLEY tied with London globally and recorded its best scores in the categories of "performance," "funding," "connectedness," and "talent."

NYC ranks #2 as having the best tech ecosystem in the world. 

What it Takes

NYC's tech sector gets its strength and dynamism from these key assets:

  • Talent: The city's tech workforce is growing at an unprecedented rate. Accounting for over 320,000 jobs, it is one of the largest metropolitan tech workforces in the US.

  • Academia: NYC’s 120 universities, graduating 4,500 computer science majors each year, drive the city's reputation for cutting-edge research and redefine what emerging technology can be.

  • Diversity: Home to 3.2 million immigrants from over 150 countries, NYC has an immense and diverse workforce, bringing broader perspectives and skills to the industry. Today, almost 50 percent of people working in tech in NYC are foreign-born, and over 40 percent are people of color.

  • Access to Capital: NYC has a robust community of 200+ angel and VC investors to infuse new venture launches with funding. In 2017, this amounted to over $12 billion, and an average of nearly $570,000 in early-stage invested capital per startup.

  • Anchor Industries: Home to more Fortune 500 companies than any other city in the world, NYC has long been a global leader in traditional “anchor” industries, including financial services, media, and fashion retail and manufacturing. These sectors play an invaluable role in fueling the adoption of new innovations in the emerging tech industry.

TECH ECOSYSTEM

$147B
Tech Sector Valuation

166


incubators

9,000
start-ups

410,000+
WOMEN OWNED BUSINESS

$1.66 trillion
GMP
GROSS METROPOOLITAN PRODUCT

NEW YORK STANDS OUT THROUGH SOMETHING UNIQUE:

  • The presence of large, veteran companies is not an obstacle in startup development. On the contrary, they offer an opportunity for small businesses: where there are large companies, there are also layoffs, so startups have access to a large talent pool. The proximity to Wall Street is also a unique advantage.

  • There are more banks, private equity firms and hedge funds in New York than there are in Silicon Valley, giving entrepreneurs access to various funding options.

  • New York is a dynamic city that attracts forward-thinking talent and early adopters – these are the perfect conditions for an ambitious start-up.

  • NYC stands out as one of the most diverse business scenes in the world: 19% of founders are women, compared to the 16% global average, and 25% are immigrant founders, compared to the 19% global average.

  • 56 of the 105 unicorn companies in the United States are based in New York. One of the most notable examples is WeWork, valued at $20 billion and ranking #3 on the list. https://www.failory.com/startups/new-york-unicorns

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