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Startup

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NYC venture capital firm secures $47 million funding round

New York City’s Work Bench will have $47 million more to give out in startup investments thanks to its latest fundraising round. The early-stage venture capital firm announced the new fund money on its blog to keep investing in interesting startups all over the country. Top officials at Work Bench like to say that they have inverted the typical model by going to the customer first and then seeing where the demand fits in with already existing startups and Fortune…

New York’s Citi Bike to get $100 million from new owner

The car share company Lyft is the proud new owner of the largest fleet of shared bikes in the U.S. after purchasing Motivate. The startup recently announced that it will be giving $100 million in investment to New York’s Citi Bike program, under Motivate’s umbrella, to expand the size of bike shares in the city, according to a report from The Verge. The number of bikes available in the Big Apple is expected to nearly quadruple to 40,000 over the next…

Open source, enterprise-focused blockchain platform Insolar brings trust to enterprise

An all-star team of serial entrepreneurs, blockchain engineers, and leading academic scholars is pleased to announce Insolar, an open source, enterprise-focused blockchain platform and ecosystem that helps companies rapidly and affordably deploy distributed business networks. Insolar’s 4th generation, blockchain-based cloud architecture is made to solve urgent real-world business needs. With it, Insolar is poised to bring the promises of blockchain cost cutting, revenue generation, and business model transformation to life. Insolar’s announcement comes at a pressing moment when businesses are…

Columbia University helps launch two blockchain accelerator programs

New York City’s prestigious Columbia University is involved in backing a pair of new blockchain accelerator programs alongside tech giant IBM. The corresponding accelerator projects will look to help local cryptocurrency startups that want to get their blockchain off the ground. They will help with guidance in the form of mentorship from industry professionals as well as networking with investors. “The possibilities presented by blockchain technology are seemingly endless, and we are seeing strong dedication by technical talent to build game-changing…

Trio of Cornell startups garner funding from pitch competition

Three startups in connection with Cornell University earned tens of thousands of dollars in company funding thanks to the 2018 Commercialization Competition in New York. According to Cornell University, the winners tied to the Ivy League school in Ithaca were Capro-X, Íko Systems and VitaMe Technologies and they each won $50,000 in funding. Though this is just the second year of the Commercialization Competition, it is helping startups in the nascent phase be able to attract investors and build a solid foundation…

Green tech startups to compete in Urban Future Prize

New York’s longest-running green tech incubator is back as NYU’s Urban Future Lab has opened its eponymous competition to reward big cash prizes to the two best smart city and smart grid tech solutions. The two startups or entrepreneurs that win the prizes will receive $50,000 each as the lab works alongside important New York Institutions like Con Edison to find convincing and innovative green tech pitches. The competition has one winner each for its two different categories: Smart City…