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Press Release

New York City Named Number One In The World For Technology, Innovation And Entrepreneurship

Dec 07 2015

NEW YORK, NY—New York City has been named the top city in the world for technology, innovation and entrepreneurship, according to a study from Accenture, Nesta and Future Cities Catapult. The report, City Initiatives for Technology, Innovation and Entrepreneurship (CITIE), cited New York City’s leadership as a key differentiator, having supported the growth of the tech ecosystem to nearly 300,000 jobs in recent years, as well as initiatives such as Digital.NYC and NYC311, as key examples of citizen engagement that have opened opportunities for New Yorkers. Making innovation and entrepreneurship a priority to attract and aid the development of young, technology start-up companies earned New York City the top spot in a global comparison of 40 cities.

“New York City is showing the world what it looks like when a city embraces innovation,” said Mayor de Blasio. “From our public schools to our job-training to our new workspaces for tech firms and smart digital engagement, we’re making sure our city is the global capital of this new tech economy.”

“New York City is not just a capital of technology; it’s the capital of inclusive innovation,” said New York City Economic Development Corporation President Maria Torres-Springer. “This report just reaffirms what we already know – that when it comes to innovation and entrepreneurship, there is no place better than New York City. With a rapidly growing tech ecosystem where the public, private, civic and educational sectors collaborate, we’re not just supporting startups. We’re creating a robust pipeline of talent that will produce innovative new companies well into the future.”

“Under the leadership of Mayor de Blasio, we are building a 21st century New York City economy that prioritizes innovation and entrepreneurship, and creates new economic opportunities for all New Yorkers,” said Gregg Bishop, Commissioner of the NYC Department of Small Business Services. “Through efforts like the Tech Talent Pipeline, the City is working collaboratively with industry and academic partners to train homegrown talent for tech sector careers and ensure that entrepreneurs have access to the skilled workforce they need to grow their businesses in New York City.”

“This honor is validation of Mayor Bill de Blasio’s vision of making New York City the most tech-friendly, innovative and equitable city in the world,” said New York City’s first-ever Chief Technology Officer Minerva Tantoco. “We’re proud that New York is being recognized as the tech epicenter that it is, where we’re focused on providing opportunity to New Yorkers across all five boroughs – from access to computer science education to improving digital infrastructure and more. We look forward to our continued partnerships with communities, academia, and the public and private sectors to the benefit of all New Yorkers.”

“The tech sector continues to grow at a rapid pace, and New York has wisely chosen to support this industry with additional tools and resources for growth,” said Council Member Dan Garodnick, Chair of the New York City Council Economic Development Committee. “The return on our investment comes in the form of new jobs for New Yorkers and a leadership position in the 21st Century economy.”

“New York City is the technology capital of the world,” said Council Member James Vacca, Chair of the New York City Council Committee on Technology. “Much effort has gone into making the City attractive for investment and entrepreneurship. Between our educational institutions, start-up culture, and having numerous technology giants located here, New York City is the ideal place for technological advancement.”

“New York City’s rapid ascension to the number one innovation center in the world is what happens when you combine the global capital of commerce with both far-sighted government leaders and a cohesive entrepreneurial technology community” said David S. Rose, CEO of Gust, the financial services company that developed the Digital.NYC platform together with IBM. “Digital.NYC was the world’s first comprehensive online hub for an entire regional innovation ecosystem, and since its launch has inspired other leading innovation centers around the world—including London and Boston—to deploy similar platforms in support of entrepreneurship and innovation.”

“This result is the culmination of work done by this administration, previous administrations, the business community and many other stakeholders over the past decade to transform New York into a leading technology city,” said Kevin Ryan, CEO of Gilt Groupe.

"With one of the most diverse and dynamic tech ecosystems in the world, coupled with support and engagement from City government, it's no wonder more and more people are launching and growing startups here in New York," said Julie Samuels, Executive Director of Engine, a non-profit that advocates for startups and technology entrepreneurs. "Engine looks forward to working with Mayor de Blasio and the entire startup community to continue to build a pro-innovation agenda here in the five boroughs."

According to CITIE, New York City made innovation and entrepreneurship a priority earlier than did comparable cities, and it has taken an extremely active stance toward its startup and tech communities. New York City provides support for local start-ups across a wide range of activities, from funding and branding to community building and skills development.

Nearly 300,000 New Yorkers currently work in the City's tech ecosystem, which also supports an additional 250,000 jobs. The de Blasio administration is committed to ensuring New Yorkers have access to jobs in the booming sector, having recently announced Computer Science for All to provide computer science education to all K-12 students. Mayor de Blasio also announced the NYC Tech Talent Pipeline, a first-of-its-kind public-private partnership designed to support the growth of the City’s tech ecosystem and prepare New Yorkers for 21st century jobs. In addition, Digital.NYC has made New York City's tech scene more accessible to all New Yorkers across the five boroughs by providing information and resources that can turn ideas into businesses, delivering valuable tools for startups and entrepreneurs, and connecting New Yorkers to opportunities and jobs in the City's tech ecosystem.

The view the full report, click here.

New York City Economic Development Corporation creates shared prosperity across New York City’s five boroughs by strengthening neighborhoods and creating good jobs. NYCEDC works with and for communities to provide them with the resources they need to thrive, and we invest in projects that increase sustainability, support job growth, develop talent, and spark innovation to strengthen the City’s competitive advantage. To learn more about our work and initiatives, please visit us on Facebook, Twitter, or Instagram.