New York City Cyber Center in Soho reopened to lead Covid-19 recovery
Jerusalem Venture Partners (JVP) founder and chairman Erel Margalit led a delegation of CEOs from JVP portfolio companies to make the announcement
The center was originally opened in January in partnership with the New York City Mayor’s office and the Economic Development Corporation of New York. Its aim was to cement the city’s status as a hub for cyber security and provide a base for startups and investors within New York’s ecosystem. The center was closed, however, after Covid-19 forced millions into lockdown.
The Cyber Center hosts 28 companies, 14 of them Israeli, and focuses on business development in the north American markets. As well as cyber security companies, it also works with universities in the city including Columbia, Cornell, NYU and CUNY.
Throughout the Covid-19 crisis, JVP invested more than $200 million in companies mainly focused in cyber security.“Our handling of the Covid-19 pandemic will be judged by how we as a society and a global economy recover, as much as how we face the medical challenges. The need to adapt to a new normal, and harness all new technologies and applications of innovations to create the best possible framework for our economic recovery must be addressed now,” Margalit said at the event.