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You don’t have to be an eagle scout to learn how to stop a bleeding wound. But you may have to be a young genius.
Back in 2012, Joe Landolina, then a freshman at NYU Polytechnic School, invented VETIGEL, a plant-based gel that stops severe bleeding in less than twelve seconds.
Soon after, he co-founded the medical technology company Suneris with his classmate Isaac Miller, and embarked on a mini-MBA program through NYCEDC’sRead More
By Kyle Marks, Project Manager, Economic Research and Analysis
The latest figures from CB Insights and PricewaterhouseCoopers indicate a strong start to 2015 for venture capital investment in New York.
New York’s total VC funding grew to $1.33 billion in Q1 2015, up 33% from Q4 2014. VC deals were down 15.4% from the previous quarter.
More Report Highlights:
New York City ranked first in a survey of 40 global cities, in the way it utilizes technology to foster an innovative economy.
In its first ever study of economic innovation, City Initiatives for Technology, Innovation and Entrepreneurship (CITIE) named New York City #1 in the world for a public policy ecosystem that is supportive of startups. Placing ahead of London, Helsinki, Barcelona, and Amsterdam, New York City’s long-term investment in tech appears to have paid off.
The 56-page study, sponsored by British charity Nesta, management consultancy firm Accenture, and...Read More
By Christian Johnson, Economic and Research Analysis Research Fellow
NYC is home to the largest immigrant population of any city in the U.S.
While foreign-born immigrants comprised 13.1% of the entire U.S. population and 16.5% of the U.S. labor force in 2013, foreign-born immigrants accounted for 37% of all NYC residents and 46% of the NYC labor force.
Foreign-born workers are not only able to find work in NYC, but have also found opportunities to grow businesses of their own; a disproportionate share of incorporated businesses in NYC, 47.6%, are owned and operated...Read More
By Devin Gould, Budget Analyst, Guest Blogger, and NYCEDC Social Media Advisory Council Member
Improv, urban planning, and quantitative analysis are not usually used in the same sentence.
But for I Quant NY’s Ben Wellington it is the perfect cocktail to help planners make NYC a better place to live.
On June 3rd, Ben Wellington—a visiting assistant professor at the Pratt Institute and the vision behind the NYC open data blog, I Quant NY—came to NYCEDC's offices...Read More
It’s been more than 350 years since New York City was called New Amsterdam— or "Breuckelen," the "Bronck’s," and "Staaten Eylandt" —but even today, there’s a long-standing relationship between our city and the Dutch government.
Earlier this week, Deputy Mayor for Housing and Economic Development Alicia Glen met with Deputy Mayor Kajsa Ollongren, her counterpart from Amsterdam, to discuss opportunities for collaboration between the two cities.
By Alysa Hannon, Senior Project Manager, Social Capital Desk at the Center for Economic Transformation
On Wednesday night, NYCEDC's Social Capital Desk joined over 100 attendees at Investing in Change, an event organized by the Partnership Fund for New York City, DarcMatter, and the Centre for Social Innovation to showcase businesses that are growing our economy while also solving our City’s problems.
NYCEDC co-sponsored the event in a joint effort to highlight NYC’s vibrant and growing social enterprise sector...Read More
In the first two years of the SBIR Impact NYC program, over $5 million in federal funds have been awarded to program participants, representing a 25-fold return on investment.
SBIR Impact is a NYCEDC program designed to help NYC-based bio and health tech companies be more competitive in recruiting early-stage funding, SBIR funding is crucial as it addresses what the industry calls the “Valley of Death”—that crucial gap for any company after institutional research grants run out and before investors step in.Read More
Thousands of homes and businesses were ravaged by floodwaters during Hurricane Sandy.
The team behind OptiRTC saw an opportunity to combine three different technologies—cloud-based sensors, physical floodproofing, and alert systems—to help protect buildings in New York City from future floods.Read More
This post is part of NYCEDC’s Thinking Ahead series, which features editorials from New York City leaders and influencers across key sectors and neighborhoods to foster dialogue around the issues impacting our city.
Women are vital to New York City's economy.
Yet while they make up more than half of our workforce, they are underrepresented in the field of computer science.
Enter Girls Who Code, a national non-profit whose goal is to provide...Read More