Not many entrepreneurs would hesitate to jump on the chance to take their companies to New York City. And through the World to NYC Global Industry Challenge, a lucky group of individuals will soon get the opportunity to head to the Big Apple.
A global initiative launched by the New York City Economic Development Corporation (NYCEDC) in partnership with New York International, the W2NYC Global Industry Challenge has been designed to attract innovative companies from around the world that are active in areas of strategic significance to NYC, connecting them with local businesses and community leaders.
The Spring 2014 edition of the W2NYC Global Industry Challenge, set to take place from the 12th to the 14th of May, is centered on new manufacturing. It is specifically geared toward three main types of projects:
- Connected Devices: Companies that are building innovative products that combine physical and digital elements to improve individual or business productivity – specifically, devices that can be produced in an urban setting.
- 3D Printing: Products or services related to 3D printing that serve the consumer and/or industrial markets.
- Enablers for Manufacturers: Goods or services that enable makers in a particular location (for example, workspace providers, educational training institutions, financers, prototypers).
“A key part of the event will be engaging with local stakeholders including entrepreneurs, academia, investors, large corporations and community groups, so we are looking for companies at the cutting edge of their field who can contribute a new perspective,” explained Ian Fried, NYCEDC spokesperson. “We are also looking for applicants that intend to enter the New York City market.”
Applications to take part in the program are now being accepted, with inscriptions open until March 31st. Ultimately, 15 companies will be selected to participate in the three-day event.
As mentioned, the W2NYC Global Industry Challenge is open to companies and innovators from all over the globe, including Latin America. “The World to NYC program gives a unique opportunity for Latin American companies in the new manufacturing space to instantly engage with the New York City community and make high-level contacts. Latin American companies intending to enter the New York City market need to make their trips as high-impact as possible, and World to NYC helps to achieve that mission,” Fried reflected.
In 2012, the NYCEDC convened the LatAm to NYC program, focusing directly on startups from the region. With entrepreneurs like Alex Torrenegra, Andres Barreto and Diego Saez-Gil having built top-notch startups in the city, the NYCEDC hopes to continue the pipeline in the months and years to come.
New York City is certainly an appealing urban center and market. Fried outlined:
New York City is uniquely positioned as a hub for many sectors, allowing for collaboration and encouraging growth. In New York City, startup companies can benefit from the City’s leading position in industries such as fashion, media, finance, advertising and healthcare. These industries provide a source of potential partners, customers, suppliers and strategic investors. New York City is also home to a large consumer market, and it provides companies with many sources of funding. Finally, and perhaps most importantly, New York City also has a huge pool of talent at every level, from recent graduates to experienced hires.
Those interested in becoming part of the New York scene through the W2NYC Global Industry Challenge have until the end of the month to apply. Submissions are being accepted here.