Posts Tagged “Jerusalem venture partners”

NYC Gets Cybersecurity Boost from IsraelTech

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NYC Gets Cybersecurity Boost from IsraelTech

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New York City said it will partner with Tel Aviv startup network SOSA and Israeli VC Jerusalem Venture Partners to help lead the efforts, alongside Cornell Tech, the joint venture between Cornell University and Israel’s Technion – Israel Institute of Technology, Columbia University, The City University of New York, New York University, iQ4, Fullstack Academy, and LaGuardia Community College.

The initiative, dubbed Cyber NYC, will “grow the cybersecurity sector, will leverage a roster of world-renowned partners to launch a Global Cyber Center, an innovation hub for startups, initiatives to fuel commercialization and research, and new talent pipelines to train the cyber workforce of the future,” NYCEDC said in a statement.

“New royal line town has to be formidable regarding cybersecurity as a result of our future depends on that. Cyber NYC can fuel the following generation of cybersecurity innovation and talent, investing one in every of the world’s greatest threats to make a serious economic anchor and up to ten,000 quality bourgeois jobs,” same NYCEDC President and corporate executive James Patchett.

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“We’ve convened a foremost list of partners to assist us on this essential set up, which is able to facilitate defend the industries and other people that build this town the economic powerhouse that it’s these days,” he added.

SOSA, the worldwide innovation platform connecting Israeli startups, can establish the worldwide Cyber Center within the Chelsea neighborhood as an area for NYC’s growing cybersecurity scheme. The 15,000 square-foot center, at 17th Street and 7th  avenue, can foster collaboration and innovation with companies, investors, startups, and talent from around the world. the middle will provide trade events, still as a co-working house for startups and a virtual region to run simulations.

SOSA corporate executive Uzi Scheffer says the worldwide Cyber Center can “serve as a middle of gravity for the whole cybersecurity industry” and can “connect the best talent from New York City, the States, Israel, and our entire world network.”

The global platform, with hubs in city and New York, was supported in 2014 by distinguished Israeli investors and entrepreneurs to make an area for technical school innovation whereas additionally promoting joint commercial activity for its members. SOSA’s current network presently provides access to regarding eight,5000 startups, a hundred and fifty investors, capital funds, and international companies.

“SOSA incorporates a long history of shaping sturdy partnerships by conveyance along entrepreneurs and technologies to drive solutions, we tend to|and that we} foresee to doing the identical for the cyber community as we grow our own presence,” Scheffer same. “We can see partnerships fashioned, the pilot comes launched and strategic investments created that may absolutely impact NYC and also the world.”

Jerusalem Venture Partners, the international capital firm, was chosen to ascertain the city’s initial international cybersecurity investment and innovation hub within the SoHo neighborhood to “create the following billion-dollar chance.” Hub.NYC, housed during a fifty,000 square-foot house, can support growth-stage startups, with access to purchasers, business support, and investment. The goal is to grow the startups into major cybersecurity corporations within the town.

“We’re convinced that NYC, the planet capital of finance and media, can shortly emerge because of the new world hub for cybersecurity,” same JVP founder and chairman Erel Margalit. “If the West Coast is that the U.S. technology hub, New York City will become the international technology hub in shut partnership with Israel and also the international community to create the following generation of cybersecurity corporations to counter the new threats.”

The known capital firm supported by Margalit in 1993 has raised over $1.3 billion and supported over a hundred thirty corporations in Israel, Europe, Asia, and the US. JVP has invested in twenty cybersecurity corporations since 1999 and contend a task during a range of company exits, IPOs, and M&As. As well as PayPal’s acquisition of prognostic cybersecurity company CyActive and Huawei’s acquisition of info security supplier Hexatier.

NYCEDC additionally selected Columbia to “connect tutorial inventors of proprietary cybersecurity technologies with full-fledged entrepreneurial talent to launch new cybersecurity startups, fast innovation, and commercialization” through their Columbia Technology Ventures program, that helps the university give mentorships, coaching, and capital to assist early-stage tutorial startups.

City University of New York (CUNY), New York University, Columbia, Cornell technical school, and iQ4 can be part of the initiative to coach cyber specialists through new certifications and degree programs for brand new Yorkers, the statement same. Fullstack Academy, a package development college will lead the Cyber cantonment, which is able to place over one,000 students in jobs with a beginning earnings of $65,000. there’ll even be a six-week preparatory course at CUNY’s LaGuardia junior college (LAGCC) wherever adults will learn the fundamentals of cyber trade package and nomenclature before the cantonment.

The Cyber NYC initiative is “expected to change state the expansion of ten,000 good-paying cybersecurity jobs over the following Diamond Stateside and could be a key part of politician de Blasio’s New York Works set up,” the NYCEDC statement same. it’ll be oil-fired by a $30 million investment, which is able to leverage a further $70 million from personal funding.

Industry leaders can aggroup as partners of the initiative, as well as MasterCard, which is able to use the Cyber cantonment to rent graduates of the program and Facebook, that plans to develop a brand new master’s program with CUNY.

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