start-up

Business news, New York business, New York business news June 15, 2020

New York and France Draft FinTech Collaboration

The New York State Department of Financial Services (DFS) and its counterpart in France have mutually agreed to ease regulations and policies for fintech startups looking to set up shop in the respective markets. The memorandum of understanding (MoU), signed with the French Autorite de Controle Prudentiel et de Résolution (ACPR) on June 3, seeks to expand the innovative capacities of both locations. In 2019, DFS became the first US state banking regulator to join the Global Financial Innovation…

Corona grows big tech

Business news, New York business, New York business news April 14, 2020

Coronavirus Crisis Doing Good for Big Tech

The coronavirus has forced more people to do more things on their home devices, yielding growth for big tech. The novel coronavirus has disrupted every aspect of our lives. Schools and businesses are closed. Social distancing is keeping us from our colleagues, family, and loved ones. The economy is disrupted and the long-term financial outcomes of this crisis are yet to be seen. But one niche of the market, the world’s biggest technology companies, is…

No Image

Business news, New York business, New York business news February 18, 2020

New York’s Healthcare and Tech Sectors Grow in 2019-20

New York City continued its employment expansion in 2019, and is well on track to see continued growth in 2020 as well. This trend is a result of ongoing healthcare hiring in start-ups and well-established businesses, business services, and the boom in technology-related jobs. Overall, these jobs compensated for a downturn in employment in other urban industries like construction, real estate, hospitality, and finance. Healthcare and tech jobs grew in New York City in 2019…

No Image

Business news, New York business, New York business news November 26, 2019

New York Named Most Innovative City

As 2019 comes to a close, New York has one more thing to be proud of: making #1 on the list of the world’s most innovative cities. Last year’s winner, Tokyo, got bumped down to number two. Three other U.S. cities also made the top 10, Los Angeles, Chicago and Boston. This was the first time since 2007 that Chicago made the list, due to the growing number of start-ups and top-ranked universities planting roots…

No Image

Business news, New York business, New York business news November 6, 2019

New York Welcomes Start-Up Nation’s Best

New York’s growing tech force has led many Israeli high tech companies to open headquarters in the Big Apple. A report by the New York-Israel Business Alliance, an outfit promoting economic prospects between New York state and Israel, showed that Israeli-founded companies make a significant impact on the state economy: $18.6 billion in revenue in 2018. The study also found that between 2014 and 2016, Israeli start-ups secured $3.5 billion in venture capital funding. Just…

No Image

Business news, New York business October 9, 2019

New York Businesses Selected as Finalists in Grow-NY Food Business Competition

Seven New York businesses were among eighteen companies selected to take part in the first round of the state-funded Grow-NY food innovation and agriculture technology business challenge. The finalists were chosen from nearly 200 startups that had submitted applications to the contest, which seeks outstanding ideas for new food, beverage or agriculture businesses. An additional two rounds of competition will ultimately select seven winners who will be awarded a total of $3 million, paid in stages based…