A new report says New York City is now home to more than 7,000 startups, with a $71 billion associated ecosystem that provides more than 326,000 jobs in tech.
The report, dubbed the Global Startup Ecosystems Report (GSER) 2018, contains an analysis of more than 60 startup ecosystems in 24 countries. Among these, New York City was second to only Silicon Valley in terms of startup performance.
The report also provided a detailed look at several growing startup subsectors in the city, including advanced manufacturing and robotics, cybersecurity, and health and life sciences. In a press release announcing the publication of the report, the New York City Economic Development Corp. drew a connection between the city’s success in those subsections and New York Mayor Bill de Blasio’s New York Works plan, which aims to create 100,000 jobs in emerging modern fields during the next decade. As part of that plan, New York has also launched a $30 million initiative designed to fuel growth in its cybersecurity industry.
Read Complete Article