Programs for Entrepreneurs

NYC Business Innovation Challenge

NYC Business Innovation Challenge is an initiative of NYCEDC with the support of Next Street. The Competition will challenge businesses and organizations in New York City to propose and implement innovative and sustainable programs and business models that will help foster upward income mobility for low-income and/or low-skill and middle-skill workers. The goal of the Competition is to generate replicable and scalable programs that improve the condition of low-income workers while also increasing the productivity and profitability of NYC businesses.

View this video to learn more about the Competition.

Competition Overview

In the first phase of the Competition, Contestants submitted proposals for programs and/or business that would help foster upward income mobility for low-income and/or low-skill and middle-skill workers. The top 15 most innovative proposals have proceeded to the Pilot Phase, each of whom will receive $25,000 in cash prizes to implement their plans.

Throughout the Pilot Phase, Contestants will receive advisory support, training, and assistance on a variety of business disciplines from the award-winning consultancy Next Street. At the conclusion of Pilot Phase, a panel of judges will examine the operating results of the pilot programs. Three winners will be selected and each will be awarded a cash prize of $100,000 along with recognition from the City for being a top NYC workforce innovator.

Winners of Pilot Phase

Tier 1 (Organizations with more than 250 employees):

Tier 2 (Organizations with 20-250 employees):

Tier 3 (Organiztions with few than 20 employees):

Learn more at www.nycbic.com.

News & Updates

  • PRESS RELEASE

    NYCEDC Announces 14 Winners of Phase One of the NYC Business Innovation Challenge

    NYCEDC today announced the winners of the first phase of the NYC Business Innovation Challenge, which invites businesses to create a plan to provide their employees with a path to improve skill sets, career prospects, and economic opportunities, while helping the business attain higher employee retention rates, organizational performance and revenues.
  • BLOG ENTRY

    NYC Business Innovation Challenge: Workforce Engagement Webinar

     |  NYCEDC
    NYC Business Innovation Challenge is thrilled to announce an exciting free webinar on Friday, June 7th at 2:00 pm EDT to learn from top business leaders as they share some of their best practices for workforce engagement.
  • BLOG ENTRY

    NYC Business Innovation Challenge

     |  NYCEDC
    When you invest in your employees, everybody wins. Enter the NYC Business Innovation Challenge, designed to help businesses better engage their employees to drive higher productivity and increased revenues.

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