As part of our research of urban innovation ecosystems, we have been working in New York City to identify successful policies to develop sustainable tech innovation ecosystems in cities. New York can seem a very far away example to many cities (it is one on the largest cities of the world, the GDP per capita is high and it is very well connected internationally, making it easier to attract talent, etc.); however, when New York turned into developing a tech startup ecosystem, it faced similar problems as any other city: there was not enough critical mass or community to form the ecosystem, talent was not adequate, believe it or not, there was no financing (seed capital) interested in invested in tech entrepreneurs in the city, etc… (see below).
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