The New York City Economic Development Corporation (NYCEDC) has recently announced the launch of a $50 million Greenlight Innovation Fund. This fund is designed to drive innovation in key sectors such as life sciences, technology, and the green economy. In line with the goals set by the “New” New York Panel for promoting equitable growth, this initiative will provide support to nonprofit organizations that are creating spaces for innovation and job opportunities.
According to Mayor Eric Adams of New York City, “NYCEDC’s Greenlight Innovation Fund will lay a strong foundation for fostering new levels of innovation within our city. By assisting nonprofits in building these spaces, we can promote local commercialization and create more jobs.”
In collaboration with industry organizations, this program aims to prioritize projects that foster both innovation and diversity within the workforce. As part of its economic action plan for NYC’s future growth potential, this initiative seeks to accelerate progress in areas such as technology development and sustainable practices while also addressing societal challenges.
This announcement marks an exciting milestone for NYCEDC as it launches its $50 million Greenlight Innovation Fund without any mention or reference to Connect CRE or other related entities like Connect LA or Texas.
