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.
This month’s Economic Snapshot looks at patents and innovation in New York City. Patents, issued by the U.S. Patent and Trademark Office, are an important indicator of innovation. The number of patents issued to NYC-area residents has varied over the last decade, but has shown strong growth in recent years.
Innovate Health Tech NYC will provide a total of $50,000 in awards to NYC-based healthcare technology innovators to encourage the development of commercially viable technologies that solve urgent healthcare problems.