Margalit Startup City Center back in full swing as New York tech scene reopens
Senior executives, investors and high-tech CEOs met for an in-person event titled “Startup City is Back", marking a year since the establishment of the innovation center. "New York business is back in full force, and Israeli high-tech is making a significant contribution to this effort," said Erel Margalit
CTech | 18:00 08.06.2021
In a first-of-its-kind event since the outbreak of the Covid-19 pandemic, senior bank executives, investors and high-tech CEOs met on Monday for an in-person, high-tech meetup in New York. The event, titled “Startup City is Back,” took place at Margalit Startup City Center - the only innovation hub in NYC to return to full operations. The event also marked a year since the establishment of the innovation center. It was attended by Erel Margalit, founder of Margalit Startup City and JVP, as well as CEOs of JVP's portfolio companies, partners, investors, senior representatives of the New York tech industry, NYC municipal representatives, researchers, and members of the New York SoHo Artists Association. A large number of companies in New York have yet to return to full-time employment and local tech hubs are mostly vacant. In an attempt to support businesses, Margalit Startup City did not close during the pandemic, and today it is the first tech center in the city to return to full operations. The center currently hosts around 30 companies, which have raised more than $450 million in the past year. It is expected to expand significantly due to the high demand of Israeli companies wishing to open representative offices at the hub. It includes a café and also hosts exhibitions that display the works of local and international artists.