New York City Economic Development Corporation (NYCEDC) and the global innovation consultancy, Wavestone, are launching the New York City Cybersecurity Startup Radar, an interactive tool that will analyze the city’s growing cybersecurity market, highlight its competitive advantages, and demonstrate that New York City is on track to become a global leader in cyber.
Cybersecurity is now a powerful global market, and New York City, which has always been a center for innovation, has one simple goal: become a global leader in cybersecurity.
While Silicon Valley is long renowned for fostering startups, New York City has the distinct advantage of being the financial capital of the world and home to some of the largest purchasers of cyber technologies and services. There is a great opportunity to leverage New York City’s base of Fortune 500 companies, word-class universities, and diverse workforce to seed a thriving cyber ecosystem, strengthening both anchor industries, such as financial and professional services, as well as the growing tech sector.
In October 2018, NYCEDC launched Cyber NYC, a $100-million public-private investment to grow the local cyber ecosystem. This mayoral initiative will stimulate the city’s cyber industry through coordinated efforts between industry, academia, entrepreneurs, and investors.
Two programs, in particular, will support cybersecurity startups: (1) The Global Cyber Center, operated by the corporate innovation company, SOSA, will serve as the center of gravity for the industry, holding programs and events for diverse stakeholders and offering co-working space to startups. And (2) Hub.NYC by JVP is a specialized business development program operated by the Israeli venture capital firm, Jerusalem Venture Partners, to connect growth-stage startups to potential customers and clients.
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