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NYC Hub to Foster Startups Geared Toward Cybersecurity

The public-private partnership hopes to bolster cybersecurity businesses geared toward protecting banks and other large companies, while also creating a wealth of new regional jobs in the process.

by / February 20, 2020
Shutterstock/TierneyMJ

A new development hub for New York City tech startups was recently launched and promises to create a host of new cybersecurity companies designed to defend banks, health-care systems, and other companies from cyberthreats, according to the New York City Economic Development Corporation (NYCEDC).  

The new International Cyber Center is part of Cyber NYC, a $100 million public-private partnership launched in 2017 that aims to create 10,000 new cybersecurity jobs and make the city a global leader in the space.

The new accelerator program, which launched in February, is located in a 40,000-square-foot space in SoHo and will be a place where new cyberbusinesses can connect with a host of investors, companies and entrepreneurs. 

President of NYCEDC James Patchett said that the center would help connect the city's cybertalent to a wider entrepreneurial milieu.  

“The opening of the new Cyber Center will link global cities and companies with New York City’s thriving cyberecosystem, and promises to create good jobs and innovative solutions in this booming field,” he said in a statement.  

NYCEDC has selected Jerusalem Venture Partners — a international venture capital firm — to vet the new potential companies for seed investment.   

As part of Cyber NYC, the city is also investing in a number of other initiatives, including the creation of a cyber bootcamp and numerous partnerships with industry leaders to create a more developed talent pipeline. 

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