“Our goal is to become the leading digital manufacturing company in the world, to bring more manufacturing back to the US where these products are being used,” says to NYPost Jonathan Schwartz, co-founder and chief product officer of East Williamsburg-based Voodoo Manufacturing, where some 200 robotically operated printers churn out everything from cookie cutters to fully functional prosthetic hands.

Some 200 3-D printers at Voodoo Manufacturing in Brooklyn (by Ellis Kaplan)

Upper West Side native Schwartz, 27, and two college buddies founded Voodoo Manufacturing three years ago after leaving 3-D printer creator MakerBot, also based in Brooklyn.
It’s a new wave of 3-D printing business that can be the key to resuscitating New York’s long-dormant manufacturing industry.
It started with MakerBot, founded by Bre Pettis: in “Tech and the City” we described him as “an evangelist of <the maker movement,> that is people who create, invent, repair, transform or improve things as a way of stimulating innovation and entrepreneurship. The common thread is the criticism of the model of capitalism that took us into the Great Recession and the search for a way out, using the ingenuity of the individual. And having fun doing it!”
In 2013 MakerBot was acquired by Stratasys (NASDAQ: SSYS).

Congratulations to Brian Frumberg, CEO & Founder of VentureOut for growing so much and so fast! Since its foundation in 2012 VentureOut has been a great player in the NYC startup community, helping foreign   entrepreneurs orient themselves when they come to New York seeking partners, funding and business opportunities. Around 200 innovative startups from all over the world take part of VentureOut programs each year. One of their alumni, the Israeli CodiPark, has recently successfully exited, acquired by ParkWhiz.

NowBrian and his team are expanding with new initiatives, and they are hiring. Apply here for a Program Director and a Business Development Analyst.

I remember the first time I met Brian, on October 11, 2012, when Alessandro and I started our research for the book “Tech and the City”. The event was entitled “German Innovation Showcase”, a parade of five German startups. The venue was a kind of “underground” room with not many people attending it… What a difference with today programs! 

Brian understood there was a need and he was brave to create his own startup to respond to that need: BRAVO!

When in 2012 Alessandro and I wrote “Tech and the City”, startups were not popular yet in New York. We were surprised that on the Made in NY Digital Map website there was the news that 1,040 technological companies were hiring. Today NYC is home to over 7,000 Startups, and the tech ecosystem is worth $71 billion with more than 326,000 jobs, according to the last Global Startup Ecosystems Report (GSER), just published.  This report is an analysis of over 60 startup ecosystems in 24 countries produced by Startup Genome and the Global Entrepreneurship Network (GEN): it concludes that New York City is the world’s second highest performing ecosystem.

Another finding of the report is that some of the new strengths of the NYC tech ecosystem are in advanced manufacturing and robotics, cybersecurity, and health and life sciences subsectors.

Cornell Tech Bloomberg Center

Life sciences will be the focus of the European Tech Night on April 26 at the Italian Consulate . The NYC ecosystem is supported by major local assets: nine academic medical centers, $1.6 billion in National Institutes of Health funding research in 2016, and 450,000 local jobs. The sub-sector is also being accelerated by the City’s 10-year, $500 million LifeSci NYC initiative.

It’s nice to see that one of the new trends that “Tech and the City” had identified as important for the future of New York is getting real. In the chapter “Beyond Consumer Web: What’s Next?” we wrote:

Beyond enterprise software and database systems, the technology sector in New York can also develop in other directions. That’s what Micah Kotch hopes: “I would like to see the city embrace things such as health care IT or energy IT, what we call ‘clean web’, and really expand and look to get smart people working on problems that really need to be solved. New York City should not try to replicate Silicon Valley. We’re not Silicon Valley, and we’ll never be like Silicon Valley. But if you look at California’s track record for deal flow and volume, they have really a sophisticated network in health care and life sciences, and that kind of sector diversity is something that New York really needs to encourage.”

Already in 2012 the Partnership for New York City Fund with the support of the Department of health of New York State launched the New York Digital Health Accelerator, which now is called New York Digital Health Innovation Lab: an annual program for growth-stage companies that have developed cutting-edge technology products for health care organizations. Now there are many more spaces for Health and Life sciences startups – such as Alexandria Center for Life Sciences, Biobat, Biolabs, IDA, Harlem biospace, SUNY Downstate medical center biotechnology incubator, and Johnson&Johnson Innovation Labs – and programs such as ELabNYC and New York Bioforce. More info here: LifeSci NYC. 

More and more European entrepreneurs are choosing New York City to establish their tech startups: compared to Silicon Valley, it’s more convenient because it’s closer; and it’s more diverse, from all point of view. Collaboration among different ideas, backgrounds, disciplines, and businesses is crucial for the success of a startup community, and NYC is a perfect environment that fosters this kind of collaboration.

    Recently, the European consulates have started a series of events – “European Tech Nights”- to create a network among European startups and to help them connect with the NYC scene. The third one will be on April 26th, at the Consulate General of Italy in New York, Park Avenue 690.

Dante Labs Whole Genome costs $699

   This Tech Night will focus on Life Sciences. After welcoming remarks by Consul General of Italy, Francesco Genuardi, Bristol Meyers-Squibb CEO Giovanni Caforio will talk about the NYC startup ecosystem from the perspective of corporate innovation.

    Fernando Gómez-Baquero – Director of Runway and Spinouts, Jacobs Technion Cornell Institute at Cornell Tech – will talk about the role of NY academia/ research institutions in the startup world.

   Then I will lead a conversation with startups specializing in life sciences, such as Darwin Health and Dante Labs, both founded by Italians; Shade from France and Kaia Health from Germany.

   It will also be fun! with Italian beer Peroni and panini Alidoro! 

   FREE with registration here.

Refreshments with Peroni beer & Alidoro panini

Finally, by the end of 2018 in New York City there may be a Made in Italy Tech accelerator. That’s what Nicola Garelli, president of iStarter, announced during the NYC edition of its “2020” world tour, on February 26, at Grand Central tech.

German startups have their German accelerator, French startups have La French Tech in NYC, Israeli startups have plenty fo connections in the Big Apple. Italian tech entrepreneurs can count on the support of the Consulate and of the Italian trade agency, but with iStarter they’ll be able to find also investors, mentors and partners, Garelli hopes. He is principal at the Boston consulting group and he founded iStarter in 2011 with Simone Cimminelli and Mattia Pontacolone. iStarter is an accelerator with about 100 equity partners: since 2012 they have invested directly about 35 million euros in 32 projects, which are mostly alive (only seven have gone or are going shut down). They focus on Italian innovation and in New York they have exhibited ten startups with features they love. Here they are, in alphabetical order.
Amicomed, based in San Francisco, co-founded by ceo Giangiacomo Rocco di Torrepadula: a digital therapeutic service the leverages proprietary algorithms to help manage people’s blood pressure. Armadio, based in NYC, founded by ceo Matteo Mattia Gemignani: a direct-to-consumer offering a curated selection of the best undiscovered designers from Italy.
Biddo, based in London, founded by ceo Federico Solinas: an e-commerce that transform shopping into a game and offers deep discounts.
Bidtotrip, based in London, founded by ceo Sara Brunelli: a bidding system to get luxury hotel rooms with up to 70% discount.
Competitoor, based in London and Carpi, cofounded by ceo Davide Lugli: specializes in price intelligence and monitoring, for e-commerce and brands; among its clients it has Barilla.
Dante Labs, based in NYC, co-founded by ceo Andrea Riposati: it sequences 100% of people’s DNA, by using the most powerful genetic testing technology. Goal: to revolutionize healthcare and enable personalized medicine.
Desmotec, based in Biella, Italy, founded by ceo Alberto Bertagnolio: it builds and sell performance, rehab and recreation equipment with isoinertial training technologies.
Evensi, based in San Francisco, co-founded by ceo Paolo Privitera: a search engine dedicated to geo-located events; the world’s largest events discovery platform.
Kinetech, based in Pisa, Italy, co-founded by ceo Lucia Lencioni: a spin-off company of the Scuola Superiore Sant’Anna of Pisa, makes exoskeletons and wearable robots for robotic-aided training and rehabilitation.
Orwell, based in London, co-founded by ceo Franco Mignemi: a Fintech startup specializing in one layer of the banking services stack, the cash management function.

It was a brilliant sample of Italian startups, confirming that Made in Italy excellence is also tech, as Consul General Francesco Genuardi said opening the event.

“Any further long-term real-estate commitments by Google are proof positive that New York is the present and future home for technology innovation and the most fertile ground for talent retention,” said Doug Harmon, of Cushman & Wakefield,  the broker who worked the sale of 111 Eighth Ave. to Alphabet, and on a new transaction: Google’s investing more than $2 billion to buy the Chelsea Market building at 75 Ninth Ave. from Jamestown LP, as the Wall Street Journal reported today.

Google already has offices in the 1.2 million-square-foot building, which houses offices on the upper floors and shops and restaurants on the ground and lower-level floors. The web-search giant also owns the 2.9 million-square-foot building at 111 Eighth Ave., which it bought in 2010. In addition, it has leased more than 200,000 square feet at Pier 57, a former freight terminal.

Here is how we described Google’s presence in NYC in “Tech and the City” (2013):

<<For three weeks straight in April 1951, without sleeping and without eating, only kept awake by gallons of coffee and other not so legal stimulants, Jack Kerouac wrote the first draft of On the Road in one go. At least so says the legend of the Chelsea Hotel where the beat generation poet lived at the time, and where for decades, artists, musicians, actors and writers have enlivened the bohemian life of its namesake neighborhood.
Kerouac’s typewriter is one of the images in the mile-long mural of Chelsea’s history that wrapped the scaffolding on Google’s New York headquarters in the spring and summer of 2012. An artistic way—thanks to the work of Dark Igloo design studio of Williamsburg (Brooklyn)—to make something as monotonous as periodically checking the façade of high-rises, as required by municipal law, into something entertaining.

According to Google’s website, which boasts of the records and the beauty of its building, it takes nine minutes to walk around the building and see the whole mural. You start out at 111 8th Avenue, and walk north to 16th street, then west to 9th Avenue where the main entrance is located at number 76. Then you continue south to West 15th and you’re back at your starting point. It is an Art Deco building that dates from the 1930s, occupies a square block, and has 17 floors, many as big as two football fields, for a total of 2.9 million square feet. Until the 1970s, it housed the Port Authority of New York and New Jersey. Google moved into the building in 2006, at first only occupying a few offices and then, as it continued to grow, it decided to buy the whole building in December 2010 for $1.9 billion.
Today, just under 3,000 Googlers work in the building in a creative environment where the hip lifestyle of the twenty-to-thirty-somethings who come to work in shorts and flip-flops meet the rigor of the algorithms that are at the heart of the Internet giant’s business. Nothing is boring, everything is in motion, each detail scrutinized to stimulate the minds and the imaginations of the people who work there. Parked at the entrance to each floor, a fleet of scooters is available to move employees from one part of the immense office space to another. What is more, each floor reveals its own interior design theme linked to a particular idea. The fifth floor theme for example, is “old New York.” The large dining room is designed as if it were on the roof of a building, including the typical wooden water tower that is part of the New York skyline, and even fake pigeons. A puzzle that goes from one end of the room to the other has been incorporated into the flooring and only the engineers are up to solving it.
Two of the conference rooms have a theme. They are furnished as if they were typical New York studio apartments—one where a 20-year-old male lives complete with sofa, his bicycle leaning against the wall, and laundry strewn about; the other is meant to be that of a woman, with a kitchenette that is neat and tidy—probably because she always eats out. There is also a library with a virtual bookshelf with eBooks that can be purchased using a smartphone. And there is a wall of physical books too, but it hides a secret passage to a relaxation room.

There are normal office desks, but they are not the only places where Googlers work. In fact, hardly anyone has his or her own desk. The idea behind the design of the space is to encourage informal meetings and exchange of ideas. That is Google’s philosophy and it is the same in Silicon Valley, as well as in all Google offices worldwide. But here in New York, the second most important Google center, it has a special meaning. “It’s true, there are differences in being a Googler in New York,” states the website. “This is the capital of finance and fashion, of publishing and theater. And it makes a subtle difference in how we communicate and how fast we work. It’s difficult to put into words but you always know you are in New York.” And for many young people the idea of going to a bar on foot or walking to a gallery to enjoy an exhibit at the end of a tiring work day is much more attractive than commuting in the traffic of the San Francisco Bay area to get to and from the Googleplex, the Silicon Valley headquarters.

Google’s first outpost in the Big Apple was opened by Tim Armstrong, the current CEO of AOL, in 2000. He was selling advertising, working out of a Starbucks on the corner of 86th and Columbus Avenue. The first engineers were hired in 2003, and the first offices were in Times Square. Today half of the staff spends its time on advertising, working closely with ad agencies and the media. The other half works on creating new products and projects, from system software to applications. And the organization keeps growing: since 2008, some Googlers have had to work in the adjacent Chelsea Market (in a space of almost fifty five thousand square feet) waiting for space at 111 Eigth Avenue to free up when the current tenants’ leases expire.

New recruits are typically from East Coast universities. They are chosen through an extremely competitive process. In the summer of 2012 for example, Google held in New York the final phase of an annual contest for young programmers. Thirty-six thousand developers, aspiring Googlers, entered the contest. Eventually, the 25 surviving programmers had to challenge one another solving a variety of algorithmic problems for several hours. One of the tasks was to find the optimal way to destroy an army of zombies marching on their computer screens. The prize was ten thousand dollars, and the chance to interview with Google. A young Polish programmer, Jakub Pachocki, won. But nothing says he’ll become a Googler, given New York’s hunger for excellent coders and the stiff competition from other high-tech companies to get them.>>

 

The tech startup community in New York keeps growing, with a lot of deals – $2,883 funding in Q4’17, more than $2,667 million in Silicon Valley! – and a lot of new initiatives supporting startups, such as the European Tech Night, a joint effort by the Consulates of France, Germany and Italy.
The first European Tech Night was hosted by the Consulate General of France on January 30 and organized together with La French Tech NYC. The presentation about Artificial Intelligence was very interesting, followed by the pitches of four European startups that specialize in AI, and finally a sparkling – thanks to champagne! – networking hour.
Among the startups attending the event, there were five created by Italians: Armadio, Authorea, Cuebiq, Fluidmesh, and Measurence whose founder Elio Narciso made one of the pitches. It’s a good sample of how Italian creativity can excel not only in the arts and food, but also in hard technology, as the Italian general consul Francesco Genuardi stresses.

#italiantechpride tonite at @consulfrancenyc #lunionefalaforza #🇮🇹teamwork w/ @mtcometto and a selection of our…

Posted by Consulate General of Italy in New York on Tuesday, January 30, 2018

 

Armadio is an online store offering unique Italian products, its founder Matteo Mattia Gemignani has had already two exits for his first two startups.
Authorea is the leading collaborative platform to read, write, and publish scientific research.
Cuebiq is a global leader in mobility and location intelligence: it has recently launched its Data for Good initiative, which helped those in Florida prepare for Hurricane Irma.
Fluidmesh deals with the Internet of Things, bringing broadband connectivity to sites and in environments that are today too hard or large to connect, such as high-speed moving vehicles and trains. Among its clients in NYC: MTA and NY Waterway.
Measurence brings website-style analytics to physical spaces: real-time data streams from its proprietary sensors and other data sources provide the clients with key performance metrics.

Another good occasion to discover some of the best new ideas and startups from Italy will be the NYC Edition of MADE IN ITALY 2020, a world tour of Italian entrepreneurs and investors: February 26th at Grand Central Tech, 335 Madison Avenue, from 1:30 to 6:30 pm. For more information: Sebastiano Peluso, co-founder of 3040ReGeneration.

The German Accelerator will organize the next European Tech Night on February, 27th at SAP.

Congrats to New York-based  MongoDB that went public on the Nasdaq on Thursday, finishing the day at $32.07, up 34 percent above its IPO price of $24.  The IPO netted $192 million for the company and valued it at about $1.18 billion – wrote TechCrunch -. By the end of the day’s trading, the market cap was about $1.6 billion.

The MongoDB team celebrates their IPO at the Nasdaq MarketSite in Times Square

 

MongoDB was backed by Sequoia Capital, Flybridge Capital and Union Square Ventures. This is what we wrote in 2013 about MongoDB in “Tech and the City”, chapter 19 “Beyond Consumer Web: What’s Next?”:

“In the first 10, 15 years of the Internet, New York became very strong or even dominant in the consumer-facing Internet companies’ world. But in enterprise software, San Francisco is still the dominant place for now. Nevertheless, you’re starting to see the 10gens of the world come up,” notes Kevin Ryan, co-founder of 10gen, often cited as an example for a new generation of startups emerging in New York.
The product 10gen is famous for, MongoDB, is an open source software for managing databases whose genesis is linked to the New York advertising world. In fact it was developed starting in 2007 by the co-founder and former chief technology officer of DoubleClick, Dwight Merriman, with one of DoubleClick’s R&D engineers, Eliot Horowitz.
Fred Wilson recalls the birth of MongoDB: “It came out of the scalability problems that DoubleClick had. They were serving 70-80% percent of the display ads on the Internet, and, as the Internet kept growing, they had to serve more and more display ads and constantly ran into problems, taking the technology of that time and getting it to operate at the scale they needed it. So they believed that someone had to create an Internet scale database from the ground up. The founders of MongoDB just happened to live here in New York, they got this experience working for DoubleClick and said, ‘This is a problem that has to get solved,’ and they went on to solve it in New York. That’s a company that you more likely would see in Silicon Valley, but the fact that they were successful in creating that company here suggests that you can build that kind of company in New York, and there probably will be more of these kind of companies here. But it’s still not the thing that New York is known for, and it won’t probably be for quite a while.”
Ryan is more confident: “The perception is still that for hardcore technologies you need to be in San Francisco, but that perception is going to change in the next few years. The talent is here, and 10gen is the first example of such a company. Six years from now, I bet there will be three other companies in New York, probably from people who worked at 10gen at some point, young engineers who broke off and started their own thing that will add to the growth in that area. San Francisco is in its seventh generation of entrepreneurs, while New York is in its second or third, so of course we’re much smaller than San Francisco in enterprise software. It really boils down to talent.”

 

Good news for the NYC startup scene: one IPO will be launched on June 28, and two others will be ready soon.

Blue Apron, the meal ingredient delivery service, goes public on June 29, listed on the NYSE under the symbol “APRN”. Its stock price will be between $10-11, which gives the company a market value of just under $2 billion, a significant lower valuation compared to expectations, writes TechCrunch.

Vice Media has raised $450M ahead of a potential IPO, writes again TechCrunch: the deal values the media company around $5.7 billion post-money.

And Casper, the most prominent of a new generation of mattress makers, Raises $170 Million and Plans I.P.O., says The New York Times. 

Philip Krim, chief executive of Casper

Cornell Tech campus on Roosevelt Island

The Campus of Cornell Tech is almost ready to open!