Plug and Play Expands to NYC to Boost AI and Deeptech Innovation

Plug and Play, the world’s largest innovation platform and early-stage enterprise capital agency, at this time introduced its official enlargement into New York City by way of two initiatives led by New York City Economic Development Corporation (NYCEDC): the NYC AI Nexus and the International Landing Pad Network (ILPN).

The announcement was made on stage through the Plug and Play Enterprise & AI Expo on the Silicon Valley Summit, the place trade leaders, startups, and traders gathered to focus on how synthetic intelligence and digital transformation are reshaping enterprise. Together, these initiatives mark Plug and Play’s first location in New York City and reinforce its dedication to connecting innovators, companies, and governments to clear up international challenges by way of expertise.

“Plug and Play is increasing into New York City’s unparalleled innovation ecosystem in a serious method, as a particular operator for each our NYC AI Nexus and International Landing Pad Network initiatives,” mentioned New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. “The agency’s established experience constructing expertise ecosystems everywhere in the world will strengthen NYCEDC’s efforts to help early-stage and international corporations, fostering dynamic innovation, job creation, and financial development proper right here within the 5 boroughs.”

Through the NYC AI Nexus, Plug and Play will concentrate on serving to small and medium-sized enterprises undertake and implement AI options that enhance effectivity and enterprise outcomes. The program will goal industries together with meals and beverage, media and promoting, journey and hospitality, and skilled providers. Over the following three years, Plug and Play and co-operator C10 Labs will collectively help up to 165 AI startups, facilitate 96 pilots between startups and trade companions, and host 90 ecosystem occasions citywide.

“New York City represents one of the vital dynamic and various innovation ecosystems on the earth,” mentioned Michael Olmstead, Chief Revenue Officer and Partner at Plug and Play. “Through our collaboration with NYCEDC, we’re excited to assist founders—from early-stage AI innovators to international deep tech leaders—scale their options, pilot new applied sciences, and join with company companions that may speed up real-world affect.”

As a part of the International Landing Pad Network, Plug and Play may even lead a program in partnership with Cornell Tech to entice growth-stage worldwide corporations to New York City. The initiative goals to deliver over 50 worldwide startups to town inside 12 months, providing coworking house, mentorship, and entry to Plug and Play’s international community of traders and company companions. The program will concentrate on startups working in medtech, well being, sustainability, and deep tech sectors as they scale into the U.S. market.

“The International Landing Pad Network offers worldwide startups a comfortable touchdown into one of many world’s most influential innovation hubs,” mentioned Sherif Saadawi, VP of Growth Strategy, Plug and Play. “With the help of NYCEDC and Cornell Tech, Plug and Play will assist international innovators navigate the U.S. startup panorama, join with company companions, and unlock the alternatives that solely New York can supply.”

Plug and Play’s new operations in New York City will function a hub for innovation, connecting startups, companies, traders, and tutorial establishments to construct options that strengthen industries and create new jobs.

To be taught extra about Plug and Play New York, go to: https://www.plugandplaytechcenter.com/areas/new-york-city.

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