New York City Economic Development Corporation, Tech:NYC, and Startup Genome have teamed up to spotlight New York City’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

• NYC ranks as the #2 Global Startup Ecosystem.

• The ecosystem created $694 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 36% compound annual growth compared to the Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• #2 Global Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding.

• #2 Global Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors.

• #2 Global Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity.

• Top 15 Global Ecosystem and #2 North American Ecosystem in Knowledge — measures innovation through research and patent activity.

• The AI, Big Data & Analytics, Life Sciences, and Climatetech sectors are highlighted for their density of talent, support resources, and startup activity.

“New York is where startups come to apply and scale emerging technologies. This is especially true for AI, and it’s why we’re more bullish on New York’s tech ecosystem than ever before,” says Julie Samuels, President & CEO of Tech:NYC.

"The New York City Economic Development Corporation and Tech:NYC serve as glowing examples of visionary leadership in startup-based economic growth," shares JF Gauthier, Founder & CEO of Startup Genome. "The New York City startup ecosystem continues to thrive as the #2 Global Ecosystem overall and also #2 globally in the Performance, Funding, and Knowledge factors."

“It is clear that New York City’s tech sector is unlike any other with our diverse and entrepreneurial talent, funding opportunities, and vibrant culture making NYC the ideal location for tech companies to flourish and grow,” says New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. “The next wave of tech discovery is happening right here in New York City – from climate tech to life sciences to AI – and we look forward to continuing to cement New York as the global hub in innovation and technology.”

For more insights and an overview of New York City’s startup landscape, visit the New York City ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.