New York's Innovation Economy
Established Companies are a Magnet for Innovation
Jobs in tech firms and
tech jobs in other industries
Startups account for:
17% of net new job creation
9% of firms
Fortune 500 Headqurters, More Than Any Other U.S. city.
Gross City Product.
Private Sector Jobs in the City
Increasingly, New York’s economy is being propelled by the convergence of new and traditional industries applying technology-enabled innovation to gain a competitive advantage and birth entirely new sectors.
Residents with a bachelor’s degree or better in the metro region
Universities awarded 18,000+ post-secondary STEM degrees in 2016
Residents with graduate or professional degrees
In R&D spending by major academic institutions in 2016
By supporting collaboration between tech startups and business leaders, the Innovation Council cultivates the city’s small—but fast growing—tech sector.
4% of economy
56% job growth since 2003
21% of economy
4% of job growth since 2003
About the Innovation Council
Mobilizing the resources and influence of business leaders in support of the city’s fast-growing innovation economy.
New York’s private sector firms are both investors in startup tech companies and early adopters of new products. The biggest challenges entrepreneurs face is accessing the right decision maker at the city’s global investment and corporate firms. The Partnership’s Innovation Council will accelerate that process by connecting the city’s most promising startups with business leaders from a cross-section of industries. As a global center of innovation built on collaboration, New York City is where innovators from around the world come to thrive.
Kevin P. Ryan
Chairman & Founder, MongoDB, Zola, Workframe and Nomad Health
Kevin P. RyanChairman & Founder, MongoDB, Zola, Workframe and Nomad Health
BioKevin P. Ryan is one of the leading Internet entrepreneurs in New York, having founded several businesses, including MongoDB, Zola, Workframe and Nomad Health. Previously he founded and was Chairman of Business Insider and GILT. Combined, these companies have raised more than $500 million in venture capital funding and currently employ almost 2,000 people. Previously, Kevin helped build DoubleClick first as President and later as CEO from 1996 to 2005. He led DoubleClick's growth from a 20-person startup to a publicly traded global leader with over 1,500 employees. In 2013, Kevin was named one of “The 100 Most Influential New Yorkers of the Past 25 Years” by the Observer. Aside from his professional responsibilities, Kevin serves on the board of Yale Corporation, is Vice Chairman of The Partnership for New York City, Chairman of the Partnership for New York City’s Innovation Council, is a member of the CFR Committee on Foreign Affairs, is a Director for The Trust for Governors Island and is on the Board of The Partnership Fund for New York City and of TECH:NYC. He holds a B.A. from Yale University and an M.B.A. from INSEAD.
Legal Advisory Group
For general inquiries, contact:
Executive Director, Innovation Council
Executive Vice President, Partnership for New York City
One Battery Park Plaza, 5th Floor
New York, NY 10004
The Partnership for New York City represents the city’s business leadership and its largest private sector employers. We work with government, labor and the nonprofit sector to promote economic growth and maintain the city’s position as a global center of commerce and innovation. Through the Partnership Fund for New York City, the Partnership contributes directly to projects that create jobs, improve economically distressed communities and stimulate new business creation.