New York City : Transforming a City into a Tech Innovation Leader
New York city has become one of the largest and most vibrant tech startup ecosystems in the world. Today, the city is widely seen as a leading startup hub worldwide. However, this was not something one can have anticipated just ten years ago. The f...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/859411480495127181/New-York-city-transforming-a-city-into-a-tech-innovation-leader http://hdl.handle.net/10986/25753 |
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okr-10986-257532021-05-25T08:56:13Z New York City : Transforming a City into a Tech Innovation Leader Mulas, Victor Gastelu-Iturri, Mikel business environment ICT tech startup microenterprises small and medium-sized enterprises New York city has become one of the largest and most vibrant tech startup ecosystems in the world. Today, the city is widely seen as a leading startup hub worldwide. However, this was not something one can have anticipated just ten years ago. The financial crisis shocked the city, providing the circumstances for the transformation of the New York startup scene. By 2015, New York accounted for nearly a 6 billion dollars venture capital investment in startups and had over 14,500 startups. New York ecosystem provides insights on how startups are impacting city economies, generating new sources of jobs and helping transforming the urban landscape. New York represents a new model of startup ecosystems that is emerging in cities worldwide. Different to silicon valley’s suburban ecosystem, New York’s is urban in nature and well integrated into the local economy and industry base. New York is the prime example of the new urban startup ecosystem model. Although New York remains distinguished in many ways as a city, many of the challenges it faced when developing the tech ecosystem are similar to those confronted by many other cities. These include: (a) lack of technical talents, (b) lack of available seed finance, (c) limited affordable space for entrepreneurs, and (d) a small and decentralized community. The policies to support the ecosystem from the city provide valuable lessons to policymakers with similar goals in their economies. 2016-12-15T19:33:38Z 2016-12-15T19:33:38Z 2016-11 Working Paper http://documents.worldbank.org/curated/en/859411480495127181/New-York-city-transforming-a-city-into-a-tech-innovation-leader http://hdl.handle.net/10986/25753 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper United States |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
business environment ICT tech startup microenterprises small and medium-sized enterprises |
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business environment ICT tech startup microenterprises small and medium-sized enterprises Mulas, Victor Gastelu-Iturri, Mikel New York City : Transforming a City into a Tech Innovation Leader |
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United States |
| description |
New York city has become one of the
largest and most vibrant tech startup ecosystems in the
world. Today, the city is widely seen as a leading startup
hub worldwide. However, this was not something one can have
anticipated just ten years ago. The financial crisis shocked
the city, providing the circumstances for the transformation
of the New York startup scene. By 2015, New York accounted
for nearly a 6 billion dollars venture capital investment in
startups and had over 14,500 startups. New York ecosystem
provides insights on how startups are impacting city
economies, generating new sources of jobs and helping
transforming the urban landscape. New York represents a new
model of startup ecosystems that is emerging in cities
worldwide. Different to silicon valley’s suburban ecosystem,
New York’s is urban in nature and well integrated into the
local economy and industry base. New York is the prime
example of the new urban startup ecosystem model. Although
New York remains distinguished in many ways as a city, many
of the challenges it faced when developing the tech
ecosystem are similar to those confronted by many other
cities. These include: (a) lack of technical talents, (b)
lack of available seed finance, (c) limited affordable space
for entrepreneurs, and (d) a small and decentralized
community. The policies to support the ecosystem from the
city provide valuable lessons to policymakers with similar
goals in their economies. |
| format |
Working Paper |
| author |
Mulas, Victor Gastelu-Iturri, Mikel |
| author_facet |
Mulas, Victor Gastelu-Iturri, Mikel |
| author_sort |
Mulas, Victor |
| title |
New York City : Transforming a City into a Tech Innovation Leader |
| title_short |
New York City : Transforming a City into a Tech Innovation Leader |
| title_full |
New York City : Transforming a City into a Tech Innovation Leader |
| title_fullStr |
New York City : Transforming a City into a Tech Innovation Leader |
| title_full_unstemmed |
New York City : Transforming a City into a Tech Innovation Leader |
| title_sort |
new york city : transforming a city into a tech innovation leader |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/859411480495127181/New-York-city-transforming-a-city-into-a-tech-innovation-leader http://hdl.handle.net/10986/25753 |
| _version_ |
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