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Innovation: Unlocking potential for startups and entrepreneurs.

New York has always been at the leading edge of innovation—from the Industrial Revolution to the Digital Revolution, this city is where the world’s major economic trends first take shape.

NYCEDC is working to make sure that New York City continues to reinvent itself, retain its competitive edge, and meet the challenges of a rapidly changing economy and society. We’re making strategic investments to provide the labs, office space, incubators, hubs, and research facilities that make our city the ideal place for start-ups and established companies to grow and expand their businesses.

From cybersecurity to life sciences to advanced manufacturing, equity is at the heart of our efforts—we are committed to closing the opportunity gap in emerging sectors and helping underrepresented groups succeed in this new economy through training initiatives and the promotion of new technologies that can benefit NYC residents and address long-standing community needs.

The Union Square Tech Training Center: Investing in Tech Equity

The Union Square Tech Training Center will serve as a hub of NYC’s growing tech economy, which now accounts for nearly 300,000 jobs across the city.

Through the 240K-square-foot, 21-story Center, NYCEDC is investing in tech equity, breaking down traditional barriers in the industry to provide skill-building and job opportunities to diverse and underserved communities—clearing a path for all New Yorkers to thrive in the tech economy.

BioLabs @ NYULangone

The City has opened the largest biotechnology incubator of its kind in New York City, BioLabs @ NYULangone. The new facility is designed to attract the nation’s most innovative companies working in early stage life sciences, translating research discoveries to new treatments.

The project is part of NYCEDC’s LifeSci NYC initiative, a $500 million commitment to establish New York City as a global leader in life sciences R&D and innovation, spurring an estimated 16,000 jobs and creating up to 3 million square feet of new space for life sciences companies and researchers.

LifeSci NYC: A Life Sciences and Biotech Incubator

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By The Numbers

40

Early-stage biotech and life sciences companies will call BioLabs home

Supporting Talent

The BioLabs staff will provide educational programming and operational support, enabling startups to focus on science and innovation.

By The Numbers

50K

Square feet of newly renovated and fully equipped lab and office space

Perspectives

We’re thrilled to be a founding sponsor for BioLabs @ NYULangone, which will serve as an invaluable space for startups and companies to innovate, grow, and thrive.

James Patchett President & CEO, NYCEDC

New York Proton Center

The City has opened the New York Proton Center (NYPC) in East Harlem—NYC’s first proton therapy facility, and a beacon of top-quality cancer care. The cutting-edge facility features:

  • Second-generation proton therapy with beam scanning
  • Volumetric imaging, which helps physicians identify and target cancers to millimeter accuracy
  • More than 20 radiation oncologists from nationally regarded health systems

NYPC will create 125 permanent jobs and partnerships with New York City-based colleges to provide over a dozen annual internships.

New York City’s First Proton Therapy Center Opens in East Harlem

East Harlem Proton Therapy Center Opens

New York City's first Proton Center is part of the East 125th Street Development Project, supporting medical innovation in the area

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Futureworks MakerSpace at BAT

Futureworks MakerSpace is a state-of-the-art community workspace for entrepreneurs, makers, architects, artists, and anyone with a curious mind who wants to make something—and now, it’s got a new home at the Brooklyn Army Terminal.

MakerSpace is a community-based manufacturing workspace that offers access to tools and equipment, enabling members to launch their own business, develop professional skills, or pursue a hobby. Whether you’re a beginner interested in learning how to use tools; a STEAM (science, technology, engineering, arts, and math) educator seeking hands-on learning programs for your students; or an advanced manufacturing entrepreneur who needs access to special equipment, MakerSpace has what you need.

Makerspace. Photo Courtesy of Futureworks.

A Community of Makers

Discover what Futureworks MakerSpace has to offer.

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Leveraging Cyber Innovation Expertise with Team8

We’ve partnered with venture group Team8 to bolster NYC’s cybersecurity ecosystem and workforce as part of the Cyber NYC initiative, a $100 million public-private investment to make NYC a global leader in cyber innovation. Team8 is building a hub at its New York headquarters to develop local talent and innovative solutions for a thriving cybersecurity sector.

The partnership focuses on three tracks:

  1. Training and developing talent
  2. Growing New York City’s cyber ecosystem
  3. Identifying the next big breakthrough idea from academia

NYC BigApps: Blockchain Solutions for Civic Challenges

NYC BigApps—NYCEDC’s annual innovation challenge—focuses on civic applications for blockchain technology. Designers, developers, academics, entrepreneurs, and residents compete to create proposals for blockchain applications designed to improve New York City services across three challenge areas—identity, energy, and real estate asset management.

More than 60 teams from the blockchain community submitted proposals. After review and feedback from City and state agencies, 10 finalists were selected to present their proposals to media, investors, and government stakeholders as part of BigApps Demo Day, with one winner selected in each of the three challenge areas.

Press Release-Big Apps Demo-Day-Image

Blockchain Initiative

Solidifying NYC’s blockchain leadership and promoting inclusive growth through the NYC Blockchain Center, NYC BigApps Blockchain Challenge, and Blockchain Week NYC

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WE Venture: Connecting Investors to Women and Minority Entrepreneurs

NYCEDC has led the way in establishing WE Venture, the City’s first venture capital consortium designed to support NYC-based tech start-up companies founded by women and minority entrepreneurs. WE Venture is a $30M pool of capital, created from a $10M City investment and a 2:1, $20M match from select venture capital partners.