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Building Inclusively. Driving Forward.

NYCEDC works with industry stakeholders including investors, innovators, and academics, to enrich our tech ecosystem. With a mix of big established companies and over 25,000 startups, the NYC tech sector is valued at over $189 billion and explosive growth over the last decade has propelled NYC into the world’s second-largest technology hub.

NYC's tech sector gets its strength and dynamism from these key assets:

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Workforce
By The Numbers

20%

Black and Latinx tech workforce

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Talent
UrbanTech
Academia
By The Numbers

200+

Tech co-working spaces in NYC

  • Talent: NYC has one of the most educated workforces in the nation, with over 4 million employed residents and 2.3 million adults with a bachelor’s degree or higher.
  • Academia: NYC has more than 120 colleges and universities, including 21 accredited engineering schools at premier institutions like NYU, Columbia, Cornell Tech, and CUNY, the nation's largest urban public university.
  • Jobs: NYC has a robust tech workforce, accounting for 7% of total jobs in the city. Between 2010 and 2021, the city’s tech sector added 114,000 jobs—seven times greater than the city’s overall job growth, sizing the overall NYC tech sector at over 35,000.
  • Diversity: NYC is home to over 3 million immigrants speaking over 200 languages, comprising more than 40 percent of the city’s workforce. Black and Latinx workers make up 20 percent of NYC’s tech talent, a share twice as large as that of the Bay Area or Boston.
  • Access to Capital: More than 300 venture capital firms are based in NYC, with more firms opening offices locally including Index Ventures and Sequoia.
  • Innovation: NYC is home to more than 25,000 tech-enabled startups, which are supported by a robust ecosystem of over 200 co-working spaces and 100 accelerators and incubators.
  • Anchor Industries: Home to more Fortune 500 companies than any other city in the world, NYC has long been a global leader in traditional “anchor” industries, including financial services, insurance, healthcare, media, and fashion retail and manufacturing.

With over 200 coworking spaces and 100 incubators and accelerators across the five boroughs, NYC makes it easy to find your next workspace and the resources you need to grow and scale your business. Click here to view the full map. Notice something missing? Please email [email protected].

We know that a booming technology sector doesn’t just happen overnight. That's why NYCEDC supports the local tech and venture ecosystem, offering access to resources for NYC’s diverse community of tech entrepreneurs and collaborating with venture investors to achieve diversity throughout the startup value chain.

Venture Access NYC

Venture Access NYC

Venture Access NYC is a suite of programs to address inequities within the tech startup ecosystem for founders and funders in NYC.

Learn More

 

A Leading Startup Ecosystem

NYC continues to assert its place as a leading startup ecosystem. As of May 2023, Manhattan has the most early-stage startups in the nation, edging out San Francisco, the longstanding leader in startup activity. According to data from firm Carta, as reported in Crain’s NY, Manhattan is home to 543 companies that raised a seed or series A round between March 2022 and March 2023.

Further 2022 overall saw over 4,500 NYC startups raise money across emerging tech verticals such as artificial intelligence, fintech, and cybersecurity.

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Industry Snapshot

AI/ML

270 NYC startups powered by or innovating with artificial intelligence/machine learning raising over $6 billion.

By The Numbers

60K

NYC Cyber Workforce

Industry Snapshot

Cyber

With a cybersecurity workforce over 60,000 strong and more than 300 dedicated cyber companies, NYC is a global cyber hub. NYC takes cybersecurity seriously and, working with the State of New York, launched the Joint Security Operations Center in Brooklyn in 2022.

By The Numbers

$6B+

Raised by NYC startups in the AI/machine learning space in 2022

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Cyber NYC
Industry Snapshot

Digital Health

NYC has ranked #1 in US healthtech job postings over the past five years, raising $800 million in funding for 2022.

Industry Snapshot

Blockchain/web3

The NYC cryptocurrency and blockchain scene overall remained resilient, with over 150 startups raising $11 billion.

By The Numbers

$21B+

Capital raised by NYC fintech startups in 2022

Industry Snapshot

Fintech

NYC is home to the #2 fintech startup ecosystem, with 375 startups raising over $21 billion.

Over the course of a decade, the tech sector has grown into one of NYC's most important economic engines for creating good-paying jobs. NYCEDC recognizes and works to overcome the headwinds presented by today’s challenges so that NYC can develop a more inclusive and growing tech ecosystem.

Tech Colleagues working together. Photo by Getty Images

Cyber NYC

A suite of strategic investments to champion and catalyze the cyber ecosystem in New York and build the cyber workforce of the future.

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Contact: [email protected]

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