NYC, a Top Global Ecosystem for Women-Led Startups
United States
New York City #2
MEMBERS:
New York City Economic Development Corporation
Tech:NYC
Times of crisis reveal the resilience of our innovators, and in New York’s case our startups have continued to adapt while finding ways to serve the public. Even with COVID’s economic effects, there’s optimism in the NYC startup culture, ensured by our entrepreneurs’ ambition and underwritten by our investors’ confidence.
Ecosystem by the Numbers
EARLY-STAGE FUNDING
$8.3 bn
GLOBAL AVG.
$687 m
ECOSYSTEM VALUE
$147 bn
GLOBAL AVG.
$28.6 bn
AI, Big Data & Analytics
New York City boasts the highest number of AI and machine learning positions in a single metro area. Recent 5-year growth in AI and Big Data VC funding is higher in New York City than the Bay Area and Boston. CTRL labs, a startup that specializes in allowing humans to control computers using their brains, was acquired by Facebook for between $500 million and $1 billion in 2019.
Cybersecurity
Cybersecurity is a billion-dollar industry in New York City, with 100+ companies and 6,000+ employees as of 2017. Cyber NYC is a public-private initiative that includes startup accelerators, bootcamps, and the Global Cyber Center – home for ecosystem building that also connects New York’s largest economic players to state-of-the-art cybersecurity solutions. Dashlane, a password manager, raised $110 million in 2019.
Life Sciences
New York City has nine academic medical centers, 50+ hospitals, and 100+ research foundations. New York institutions receive circa $2 billion in NIH R&D grant funding and have now helped startups raise over $1 billion in venture capital. The City is home to life sciences companies like Kallyope, which received a $112 million Series C in 2020 and Schrondinger’s successful IPO earlier in 2020 with a valuation of $819 million.
Reasons to Move Your Startup to New York City
COVID-19 Policy
In response to the crisis, the City invested in and partnered with startups and local manufacturers to develop face shields, gowns, a bridge ventilator, and test kits, saving countless lives. The City launched a temporary small business grant and interest free loan program, and a competition that awards up to $100,000 to tech companies and community groups to solve COVID-19-related challenges in the City’s commercial districts.
Most diverse and cosmopolitan city
8.5 million residents, 70 Fortune 500 companies, 2.3 million people with bachelor’s degrees (including 1+ million degree holders in science & engineering-related fields), plus 410,000 women-owned businesses. Nearly 50 percent of NYC’s tech workers are foreign-born.
World’s second largest tech ecosystem
With 9,000+ startups, 22 unicorns and 100+ accelerators, incubators, bootcamps, and co-working spaces.
Selected Startup Organizations
Startup Genome Members
MEMBER
New York City Economic Development Corporation
MEMBER
Tech:NYC
Blue Ridge Labs
Brooklyn Chamber of Commerce
Bunker Labs
Cela
Civic Hall
Coindesk/Consensus
Company (previously Grand Central Tech)
Entrepreneurs Roundtable Accelerator
Flatiron Partnership
Gary's Guide
Innovative Collective
Mayor's Office of International Affairs - NYC
MeetUp
NY Fashion Tech Lab
NY Tech Alliance
NYC Blend
New Lab
New York Angels
SAP
Starta Venture Accelerator
TechStars
Urban-X
VentureOut
News from the Ecosystem
How New York City’s Startups Have Become a Global Force
The Big Apple's Startup Ecosystem Gets Even Bigger
Peter Crysdale
Peter Crysdale is a serial founder, seed investor, and mentor in the startup community. Currently interested in decentralization, turnarounds and diversity.
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