New York’s long-anticipated emergence as a global hub of commercial life sciences has finally gained traction, thanks to strategic investment by the public and private sector over the past several years.

A new report from the Partnership Fund for New York City shows that despite the pandemic, 2020 was a milestone year for life sciences investment in New York state, with sector jobs and private investment reaching record highs.

Efforts to Grow Life Sciences are Taking Root

In 2016, the Partnership Fund identified commercial life sciences as a key growth industry in New York. That year, the state and city…


In December 2020, FinTech Lab graduate Knoema announced its acquisition by Eldridge and partnership with Snowflake. In this Q&A, FinTech Lab co-founder Maria Gotsch caught up with Charles Poliacof, CEO of Knoema, to discuss key takeaways, mentorship and more!

Maria Gotsch: Knoema is a 2020 graduate of the FinTech Innovation Lab. Tell us what your company does and what problem you solve for a large financial institution?

Charles Poliacof: We are technology solution that helps financial services firms better ingest, discover and work with their external and internal data assets. Our primary focus is on structured (e.g. time series)…


At the height of the pandemic, a wave of rapid innovation bolstered New York City’s response to COVID-19. New York’s community of entrepreneurs and business leaders quickly rallied together to support front-line workers and respond to critical supply chain needs. Advanced manufacturing technology was a key player in meeting the demand — and is transforming the way we all think about production in a post-pandemic world.

The team at Partnership Fund portfolio company Shapeways was among the innovators pitching in to respond to the crisis. With manufacturing facilities in Long Island City and the Netherlands, Shapeways has become a global…


Photo courtesy of MoCaFi

Money management has become increasingly accessible because of explosive growth in the fintech sector. But people without bank accounts cannot use these tools. The pandemic has exacerbated this longstanding problem. Making financial services accessible to these “unbanked” customers is a crucial first step toward economic inclusion.

Mobility Capital Finance (MoCaFi) is a Black-owned fintech committed to bridging the wealth gap through its mobile banking platform. Led by former Wall Street executive Wole Coaxum, MoCaFi offers FDIC-insured bank accounts, access to mobile banking basics, including payments, savings and deposits and financial literacy education. …


Quantum computing has the potential to be a major engine of economic growth in New York. As quantum technology moves out of academic labs and closer to adoption, this emerging sector is primed to bring significant benefits to the region.

An October 2020 report by Accenture Research shows that quantum computing is expected to produce $332 billion in GDP and create 95,000 jobs in New York over the next ten years. 97% of survey respondents said that quantum computing will provide benefits comparable to those they’ve experienced from artificial intelligence.

Maria Gotsch, President and CEO of the Partnership Fund for…


Getting priority access to and feedback from senior executives at major financial and insurance companies are key benefits of our FinTech Innovation Lab. If your fintech or enterprise tech company is one of ten selected, you can expect to graduate after the three month program with a much better understanding of why and what this target market wants and needs to buy in order for them better engage their customers and run their regulated businesses. You will also join a strong network of 79 alumni and 43 financial institution partners.

Each fall we ask the senior executives at our financial…


New York City’s economic recovery hinges on the survival of small business communities in every borough. Their recovery will require the full scope of expertise and resources that New York City has to offer. That’s why we’ve teamed up with the Peter G. Peterson Foundation, New York City Economic Development Corporation and the five borough Chambers of Commerce to launch the NYC Small Business Resource Network, a resource hub for employers hit hardest by the COVID-19 shutdown.

More than 230,000 small businesses employ 1.3 million people in New York City; however, due to the pandemic, 500,000 jobs of those jobs…


Last month, the New York FinTech Innovation Lab reached an exciting milestone as it graduated its tenth class of emerging technology companies at an all-virtual Demo Day.

The FinTech Innovation Lab, which promotes collaboration between financial institutions and innovative entrepreneurial talent, ran its tenth-anniversary program online. Despite the unexpected pivot, this year’s Lab was a tremendous success. The ten fintech and insurtech companies had over 400 virtual meetings with our 43 financial institution partners, entrepreneur mentors and venture capital firms. The 2020 class is working on over 40 pilots that were identified through the Lab.

To create our virtual Demo…


As New York City entered the stay-at-home phase earlier this year as a result of the COVID-19 outbreak, Accenture and the Partnership Fund for New York City launched the tenth year of the FinTech Innovation Lab with a fully virtual program.

The FinTech Innovation Lab was created in 2010 as a response to the last financial crisis with a goal of making New York City the leader in fintech by fostering closer collaboration between financial institutions and innovative companies. And while the Lab has never had a dedicated physical space, the opportunities for face-to-face collaboration and expert feedback have made…


As New York remains on “PAUSE” and in-person meetings remain halted around the globe, videoconferencing tools, such as Zoom, WebEx and Teams, are lifelines for entrepreneurs looking to engage potential customers.

If an entrepreneur is lucky enough to get a virtual meeting with a potential customer, how do you maximize that opportunity to create an engaged discussion — one that leads to a second discussion and, hopefully, a pilot?

After participating in dozens of Zoom meetings as part of our virtual FinTech Innovation Lab, here is a list of best practices we developed for our 2020 class.

1) The best meeting is a discussion, not a presentation.

The more you…

Partnership for New York City

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