Congrats to New York City, the city where tech is sexy! And it fuels economic growth with nearly 300,000 jobs in the tech industry!
According to a new study from Accenture, Nesta and Future Cities Catapult – “City Initiatives for Technology, Innovation and Entrepreneurship” (CITIE) – <<Making innovation and entrepreneurship a priority to attract and aid the development of young, technology start-up companies has earned New York City the top spot in a global comparison of 40 cities>>.
The secret? <<New York City made innovation and entrepreneurship a priority earlier than did comparable cities, and it has taken an extremely active stance towards its startup and tech communities. The city provides support for local startups across a wide range of activities, from funding and branding to community building and skills development.>>
Among other things, the report notes that New York demonstrates top tier performance through its online, interactive map of startup activity across the five boroughs: Digital.NYC. Moreover, the report names New York City as a leading example of how strategic branding can position a city and accelerate entrepreneurial development. Between 2003 and 2013, the New York City tech scene raised $3.1 billion in funding, with capital availability growing twice as fast as that in Silicon Valley. New York City also invests in tech talent by actively sponsoring technology apprenticeships for young people. The city’s school district has added coding classes to the curriculum and trains teachers to deliver these classes.