By Eytan Halon
While the Global Cyber Center will clearly represent an attractive proposition for start-ups wishing to scale up, Lin believes it will also create a helpful environment for investors.
“Venture capital firms will have greater opportunities to identify strong deals in the pipeline, and they are a critical part of the work that we do. It will strengthen all the different nodes of the cyber ecosystem,” Lin said.
JVP, founded in 1993 by Dr. Erel Margalit, will replicate in New York its existing model of public-private cyber incubators operating in Beersheba and Jerusalem.
This incubator, called “Hub.NYC by JVP,” will be located inside a 50,000 square foot space in SoHo and will support growth-stage start-ups by facilitating access to clients, business support and investment, with the goal of growing them into major cybersecurity companies in New York City.
The hub will also serve as JVP’s headquarters for its activities and portfolio companies in the United States.
Increased investment in New York-based technology, particularly cybersecurity through NYCEDC, follows the July 2017 launch of the New York Works program by Mayor Bill de Blasio.
The program includes a decade-long series of 25 initiatives to combat economic inequality by creating 100,000 high-paying jobs through investment in industries with good wages and job potential, including technology, health care, manufacturing and the creative and cultural sectors.