Move over Silicon Valley, because New York City is starting to become the new startup capital of the states. Alleywatch reports that last month saw $51.36M invested in New York City in early stage rounds. That means that 17% of what was invested nationally in the month of March 2019 went to New York City startups alone. That’s certainly no small amount by any means. New York City also has the most women founded companies within the United States out of any city.
Now, if you look at the most venture capital raised by companies founded by women, in 2017 New York held that title over San Francisco. This past year in 2018, San Francisco took the title over New York. But, since things are looking like New York as a whole this year is going to beat out Silicon Valley as the new startup capital, I’m hoping with that New York will take the title for women, too!
So, what’s a girl to do to get funding in the big apple? Don’t worry I have some ideas for you.
What’s WE Fund? New York City just launched We Fund, and over the next five years New York City Economic Development will put $10 million dollars into women owned companies. They’re investing alongside several different venture capital partners, who are putting in $20 million dollars.
That’s a grand total of $30 million dollars going into women owned companies in New York City for the next five years! Aside from that, We Fund can help you with obtaining financing from local lenders in order to grow your business and help you with crowd funding campaigns as well.
You can check out WE Fund here and see if it’s a good fit for you.
New York City Grant Watch
Alright, now you do have to pay for a subscription to gain access to New York City Grant Watch, but it really is a brilliant concept. They pretty much have built a database for all the grants you could possibly want to apply for, and they update their site daily with current information so you don’t have to worry about accuracy.
In New York City alone there are 51 different grants available for women owned business. Of course, you have to qualify and apply, but it’s still super cool to know about.
You can check out New York City Grant Watch here and see if it’s a good fit for you.
Bre is a female millennial go getter residing in New York. One part entrepreneur, one part geek, she obtained her degree in Textile/Surface Design from The Fashion Institute of Technology.
She has held some exciting roles in both fashion as a designer working for brands like Victoria’s Secret and Henri Bendel, as well as in ad tech working for publishers like Ziff Davis.
Today she operates her own luxury label Bre Avery, along with Chip Chick Media which reaches millions of women each month.
Bre is passionate about teaching women how to build a business and be an entrepreneur, in addition to keeping her readers informed of the latest technology trends and exciting products to improve their lifestyles.
You can send Bre a message here.