Emerging Tech – New York City Economic Development Corporation

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:
NYC’s tech job growth from 2010-2021
Black and Latinx tech workforce
Tech co-working spaces in NYC
Black and Latinx tech workforce
NYC’s tech job growth from 2010-2021
Tech co-working spaces in NYC
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 is a suite of programs to address inequities within the tech startup ecosystem for founders and funders in NYC.
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.
270 NYC startups powered by or innovating with artificial intelligence/machine learning raising over $6 billion.
Raised by NYC startups in the AI/machine learning space in 2022
The NYC cryptocurrency and blockchain scene overall remained resilient, with over 150 startups raising $11 billion.
NYC Cyber Workforce
Capital raised by NYC fintech startups in 2022
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.
NYC has ranked #1 in US healthtech job postings over the past five years, raising $800 million in funding for 2022.
NYC is home to the #2 fintech startup ecosystem, with 375 startups raising over $21 billion.
270 NYC startups powered by or innovating with artificial intelligence/machine learning raising over $6 billion.
NYC Cyber Workforce
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.
Raised by NYC startups in the AI/machine learning space in 2022
NYC has ranked #1 in US healthtech job postings over the past five years, raising $800 million in funding for 2022.
The NYC cryptocurrency and blockchain scene overall remained resilient, with over 150 startups raising $11 billion.
Capital raised by NYC fintech startups in 2022
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.
Advancing New York City's position as the Applied AI capital of the world, fostering a vibrant AI ecosystem, and developing a diverse AI-ready workforce.
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