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===Tech and biotech=== {{Further|Tech companies in Manhattan|Biotech companies in Manhattan|Silicon Alley|Tech:NYC}} [[File:Flatiron_Building,_Manhattan,_New_York,_USA.jpg|thumb|upright|The [[Flatiron District]], the birthplace and center of [[Silicon Alley]]<ref>{{Cite news |last=Lohr |first=Steve |date=February 22, 2019 |title=It Started With a Jolt: How New York Became a Tech Town |work=The New York Times |url=https://www.nytimes.com/2019/02/22/technology/nyc-tech-startups.html|access-date=August 1, 2021|issn=0362-4331}}</ref>]] Manhattan has driven New York's status as a top-tier global high technology hub.<ref name=ManhattanNowBiggestTechHub>{{cite news |url=https://www.crainsnewyork.com/technology/manhattan-edges-out-san-francisco-new-early-stage-startups-first-time|title=For the first time, Manhattan edges out San Francisco in new early-stage startups|author-first1=Cara |author-last1=Eisenpress|newspaper=[[Crain Communications]]|date=May 22, 2023|access-date=October 13, 2023}}</ref><ref name=NewYorkCityDestinationNumberOneTechHub>{{cite news|url=https://www.crainsnewyork.com/technology/new-york-closer-ever-beating-bay-area-tech|title=New York is closer than ever to beating the Bay Area on tech|first=Cara|last=Eisenpress|newspaper=[[Crain Communications]]|date=April 28, 2023|access-date=June 19, 2023}}</ref> [[Silicon Alley]], once a [[metonymy|metonym]] for the sphere encompassing the metropolitan region's [[high tech]] industries,<ref>{{cite web |url=http://www.businessinsider.com/silicon-alley-100-2013-2013-10?op=1 |title=SA 100 2013: The Coolest People In New York Tech |first1=Megan Rose |last1=Dickey |first2=Jillian |last2=D'Onfro |website=[[Business Insider]] |date=October 24, 2013 |access-date=July 30, 2014 |archive-url=https://web.archive.org/web/20140722170340/http://www.businessinsider.com/silicon-alley-100-2013-2013-10?op=1 |archive-date=July 22, 2014 |url-status = live }}</ref> is no longer a relevant moniker as the city's tech environment has expanded dramatically both in location and in its scope. New York City's current tech sphere encompasses a universal array of applications involving [[artificial intelligence]], the [[internet]], [[new media]], [[financial technology]] (''fintech'') and [[cryptocurrency]], [[biotechnology]], [[game design]], and other fields within [[information technology]] that are supported by its [[entrepreneurship ecosystem]] and [[venture capital]] investments. {{As of|2014}}, New York City hosted 300,000 employees in the tech sector.<ref>{{cite news|url=http://www.nydailynews.com/services/5-signs-nyc-tech-scene-growing-article-1.2070180 |title=5 signs NYC's tech scene is growing up – NYC tech sector hits 300,000|author=((S3 Partners))|newspaper=New York Daily News |date=January 8, 2015 |access-date=May 2, 2015|archive-url=https://web.archive.org/web/20180627013352/http://www.nydailynews.com/services/5-signs-nyc-tech-scene-growing-article-1.2070180|archive-date=June 27, 2018|url-status=dead}}</ref><ref name="CNNMoney">{{cite web |url=https://money.cnn.com/gallery/technology/2014/10/07/most-innovative-cities/index.html |title=The most innovative cities in America |author1=Jillian Eugenios, Steve Hargreaves|author2=Aimee Rawlins|name-list-style=amp|publisher=CNNMoney|date=October 7, 2014|access-date=October 7, 2014|archive-url=https://web.archive.org/web/20141010033637/http://money.cnn.com/gallery/technology/2014/10/07/most-innovative-cities/index.html |archive-date=October 10, 2014|url-status=live}}</ref> In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment,<ref name=VentureCapitalNY1>{{cite web|url=http://nvca.org/research/venture-investment/|title=Venture Investment – Regional Aggregate Data|publisher=National Venture Capital Association and PricewaterhouseCoopers|access-date=April 22, 2016|archive-url=https://web.archive.org/web/20160408104240/http://nvca.org/research/venture-investment/|archive-date=April 8, 2016|url-status=dead}}</ref> most based in Manhattan, as well as in [[Brooklyn]], [[Queens]], and elsewhere in the region. High technology [[startup companies]] and employment are growing in Manhattan and across New York City, bolstered by the city's emergence as a global node of [[innovation|creativity]] and [[entrepreneurship]],<ref name="VentureCapitalNY1"/> [[social tolerance]],<ref name=SocialToleranceNY1>{{cite news |url=https://www.nytimes.com/politics/first-draft/2016/03/23/ted-cruz-deplores-liberal-left-wing-values-while-lobbying-for-new-york-votes/ |title=Ted Cruz Deplores 'Liberal, Left-Wing Values' While Lobbying for New York Votes|author-first1=Matt |author-last1=Flegenheimer|newspaper=The New York Times |date=March 23, 2016|access-date=April 22, 2016|archive-url=https://web.archive.org/web/20160413234204/http://www.nytimes.com/politics/first-draft/2016/03/23/ted-cruz-deplores-liberal-left-wing-values-while-lobbying-for-new-york-votes/|archive-date=April 13, 2016|url-status=live}}</ref> and [[sustainability|environmental sustainability]],<ref name=EnvironmentalSustainabilityNY1>{{cite news |url=https://www.nytimes.com/aponline/2016/04/22/world/ap-un-united-nations-climate-agreement-the-latest.html |title=The Latest: China Hopes US Joins Climate Deal Quickly|agency=Associated Press|newspaper=The New York Times|date=April 22, 2016|access-date=April 22, 2016|archive-url=https://web.archive.org/web/20160503001211/http://www.nytimes.com/aponline/2016/04/22/world/ap-un-united-nations-climate-agreement-the-latest.html |archive-date=May 3, 2016|url-status=live}}</ref><ref name=EnvironmentalSustainabilityNY2>{{cite news |url=https://www.nytimes.com/2014/09/22/nyregion/new-york-city-climate-change-march.html|title=Taking a Call for Climate Change to the Streets |author-first1=Lisa W. |author-last1=Foderaro|url-access=limited|newspaper=The New York Times|date=September 21, 2014|access-date=April 22, 2016|archive-url=https://web.archive.org/web/20150526231559/http://www.nytimes.com/2014/09/22/nyregion/new-york-city-climate-change-march.html|archive-date=May 26, 2015|url-status=live}}</ref> as well as New York's position as the leading Internet hub and telecommunications center in North America, including its vicinity to several [[transatlantic telephone cable|transatlantic fiber optic trunk lines]], the city's [[intellectual capital]], and its extensive outdoor [[wireless network|wireless connectivity]].<ref>{{cite news|url=http://www.amny.com/news/city-opens-nation-s-biggest-continuous-wi-fi-zone-in-harlem-1.6582180|title=City opens nation's largest continuous Wi-Fi zone in Harlem|author-first1=Ivan |author-last1=Pereira |website=amNewYork|publisher=Newsday|date=December 10, 2013|access-date=July 29, 2014|archive-url=https://web.archive.org/web/20140812125242/http://www.amny.com/news/city-opens-nation-s-biggest-continuous-wi-fi-zone-in-harlem-1.6582180 |archive-date=August 12, 2014|url-status=dead}}</ref> [[Verizon Communications]], headquartered at [[Barclay-Vesey Building|140 West Street]] in Lower Manhattan, was at the final stages in 2014 of completing a US$3 billion [[fiberoptic communication|fiberoptic telecommunications]] upgrade throughout New York City.<ref>{{cite web|url=https://arstechnica.com/business/2014/06/verizon-will-miss-deadline-to-wire-all-of-new-york-city-with-fios/|title=Verizon will miss deadline to wire all of New York City with FiOS|author=Jon Brodkin|publisher=Condé Nast|date=June 9, 2014|access-date=July 30, 2014|archive-url=https://web.archive.org/web/20140810033248/http://arstechnica.com/business/2014/06/verizon-will-miss-deadline-to-wire-all-of-new-york-city-with-fios/|archive-date=August 10, 2014|url-status=live}}</ref> The [[biotechnology]] sector is also growing in Manhattan based upon the city's strength in academic scientific [[research]] and public and commercial financial support. By mid-2014, Accelerator, a biotech [[investment]] firm, had raised more than US$30 million from [[investor]]s, including [[Eli Lilly and Company]], [[Pfizer]], and [[Johnson & Johnson]], for initial funding to create biotechnology startups at the Alexandria Center for Life Science, which encompasses more than {{convert|700000|sqft|m2}} on [[29th Street (Manhattan)|East 29th Street]] and promotes collaboration among scientists and [[entrepreneur]]s at the center and with nearby academic, medical, and research institutions. The [[New York City Economic Development Corporation]]'s Early Stage Life Sciences Funding Initiative and venture capital partners, including [[Celgene]], [[General Electric]] Ventures, and Eli Lilly, committed a minimum of US$100 million to help launch 15 to 20 ventures in [[life sciences]] and biotechnology.<ref>{{cite news|last=Morris|first=Keiko|url=https://online.wsj.com/articles/wanted-biotech-startups-in-new-york-city-1406603189|title=Wanted: Biotech Startups in New York City: The Alexandria Center for Life Science Looks to Expand|newspaper=The Wall Street Journal|date=July 28, 2014|access-date=July 31, 2014|archive-url=https://web.archive.org/web/20140801082713/http://online.wsj.com/articles/wanted-biotech-startups-in-new-york-city-1406603189|archive-date=August 1, 2014|url-status=live}}</ref> In 2011, Mayor [[Michael R. Bloomberg]] had announced his choice of [[Cornell University]] and [[Technion-Israel Institute of Technology]] to build a US$2 billion graduate school of [[applied science]]s on [[Roosevelt Island]], Manhattan, with the goal of transforming New York City into the world's premier technology capital.<ref>{{cite news |url=https://www.nytimes.com/2011/12/20/nyregion/cornell-and-technion-israel-chosen-to-build-science-school-in-new-york-city.html |author=RICHARD PÉREZ-PEÑA|title=Cornell Alumnus Is Behind $350 Million Gift to Build Science School in City|work=The New York Times|date=December 19, 2011 |access-date=July 30, 2014|archive-url=https://web.archive.org/web/20141219031933/http://www.nytimes.com/2011/12/20/nyregion/cornell-and-technion-israel-chosen-to-build-science-school-in-new-york-city.html |archive-date=December 19, 2014|url-status=live}}</ref><ref>{{cite web |url=http://www.news.cornell.edu/stories/2011/12/nyc-chooses-cornell-technion-build-tech-campus|title='Game-changing' Tech Campus Goes to Cornell, Technion|first=Anne|last=Ju|publisher=Cornell University|date=December 19, 2011|access-date=July 30, 2014|archive-url=https://web.archive.org/web/20150901224947/http://www.news.cornell.edu/stories/2011/12/nyc-chooses-cornell-technion-build-tech-campus |archive-date=September 1, 2015|url-status=live}}</ref>{{update inline|date=August 2023}}
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