Opportunities Than Challenges? Might Depend on the Approach Few Cities Can Do It Alone
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THETEP CONFERENCE T • INTERNATIONALEP WEEK • FALL 2017T EDITION • #TEP2017IMES Cities & Data: More opportunities than challenges? Might Depend on the Approach Few cities can do it alone. The big collaboration on data across the Atlan- data sector in the U.S. is firing on all cyl- tic in two ways: The conference part will inders as Matt Turck, partner at NYC’s host three discussions about smart cities FirstMark venture fund said in his 2017 and data and at the same time the Berlin “state of the union” industry report. It is state secretary for economic development hard to keep track and know what works will tour New York and compare activi- and what does not. The answer to the ties here with Berlin. While this is the be- data challenges for now at least are part- ginning of a discussion and progress will nerships. Cities and institutions with not come easy, both cities are aware of the similar challenges tackle them together challenge, which is likely to get bigger in by sharing experiments, insights and re- future. The vision is turning the challenge ferring companies – potentially a win for into an economic opportunity for big everyone involved. TEP ’17 is leading an data and AI companies and at the same initial discussion about the potential of time make both cities a little better. JaCZhou Inside This Issue he amount of data in cities is ex- into perspective- is the data amount of ploding, says Debra Laefer, pro- all pictures on Facebook. Welcome & Future Cities ....................................Page 2 fessor at New York University’s Modern cities are able to collect ............... TCenter for Urban Science and Progress. these vast amounts of new data as tech- Four Reasons for NYC & Investors Page 3 Professor Laefer gives an impressive nology is deployed in almost all urban ....................................... example of the so-called windshield areas. It is a tremendous opportunity to Global Smart Cities Pages 4 - 5 survey method where city workers in- plan and improve life. At the same time, ......... spect roads by looking outside their car structuring and analyzing data is chal- Conference Speakers & Startups Pages 6 - 7 window and taking notes of areas to lenging – yet an opportunity in itself. Eric L. Adams Interview ......................................Page 8 be fixed. She asks us to compare these Companies that have the capabilities to notes with the data laser cameras scan- combine data with artificial intelligence “Starting Up in NYC”.............................................Page 9 ning roads and, later, all driverless cars can help cities generate actionable in- will collect - many petabytes every day. sights for the benefits of all. NYC Resources ...........................................Pages 10 - 11 Less than two petabytes - to put things Project Manager: James Leavy Editor: Aifric Ní Chríodáin AGENDA ON BACK > 2 #TEP2017 / FALL WELCOME & FUTURE CITIES Welcome to TEP 2017! David Gill rban life matters: According to the United Na- tions, today, already 54 percent of the world’s population lives in urban areas, a number that is Uexpected to increase to 66 percent by 2050. The City of New York expects that by 2040 it will have a population of more than 9 million. These figures illustrate how crucial it is to find solutions in order to maintain and improve the living TEP 2016 at Brookly Borough Hall standards in our growing cities. One approach to this problem are “Smart Cities”. While technologies are ad- David Gill vancing rapidly, corporations and individuals are putting Consul General them increasingly to use in further contexts. The public Federal Republic of Germany has come to expect that its cities’ authorities and mu- nicipalities will take advantage of these new opportunities. Therefore, the 2017 TEP-Conference focusing on “Smart Urban Future” comes exactly at the right time. The German Consulate General New York is a strong supporter of the TEP Conference. This is the best forum for creative young minds on both sides of the Atlantic to come together to develop new ideas and technologies that can make our lives better and change the way we live. I wish you all a fruitful confer- ence and inspiring days in NYC. Holger Luedorf, MD Global Product Partnerships at Google TEP Ties Continue Dr. Steven E. Sokol to Grow for ACG he ACG is delighted to once again Much as the founders of the American At the ACG, we believe that the Trans- partner with New York Internation- Council on Germany were forward-looking atlantic Entrepreneur Partnership Confer- al, Berlin Partner, and the German in 1952 when they recognized that it was ence is an excellent way to strengthen the TConsulate General to create a forum for the critical to strengthen ties between Germa- ties between our two countries – and par- transatlantic exchange of ideas among start- ny and the United States in order to ensure ticularly the startup communities in Berlin ups, business leaders, policy makers, and an- freedom and prosperity, the TEP Confer- and New York. This year’s conference agen- gel investors. We are especially pleased that ence emphasizes transatlantic cooperation da includes an impressive roster of speakers this year’s conference will focus on the chal- for a better future. Many of the issues facing and site visits. We wish all of the TEP partic- lenges and opportunities being addressed by cities in the 21st century require innovation ipants a successful conference! Dr. Steven E. Sokol smart cities – including urban mobility, the and an entrepreneurial spirit. This is a field President use of data, and the challenges facing cities where Germany and the United States can American Council in an increasingly digital age. collaborate and learn from each other. on Germany A Smart Concept JamesFuture Leavy, Program Cities: Director, New York International he concept of a smart city is In recent years, smart initiatives however, how best can this data be pro- ambiguous. When you ask are of increased significance for city cessed and utilized for the greater good somebody to define a “smart” planners and urban developers around without an over-reliance on machines Tcity, they will offer a normative inter- the world. Technologies such as Inter- or empowering certain sections of so- pretation depicting a city that serves net of Things, big data, automation and ciety over others? its citizens, efficiently and effectively. machine learning are being used to cre- Some technologies available to ate systems and structures will monitor The conceptualization of a smarter city smart cities can spark very real fears. a city’s own conditions and carry out Does a city filled with cameras - track- differs from person to person and over self-improvement and self-repair, as borders but one element is fixed; “im- ing a citizen’s every move - breach needed. Some examples we have cur- our privacy? With access to constant provement” - an improvement of living rently in our cities include open pub- streams of up-to-date information standards, economic growth, resil- lic data, IoT enabled infrastructure, never previously available, does law ience and ability to overcome challeng- intelligent public lightning, real-time enforcement have the right to stop es. While this sounds broad and vague transport information, and free public crimes even before they happen? And and is something that has been sought wifi. All such initiatives involve the col- what about hacking and cybercrime? after since cities began, we are now in lection of data, big data. The gathering Are our cities prepared to deploy the a place where technology can advance and interpretation of this data can be security necessary to protect our in- urban living like never before. The digi- collected and evaluated in real time, formation? Smart cities offer endless enhancing city management’s deci- talization of cities offers unprecedented possibility, but we should never fail to sion-making and improving efficiency ask questions regarding the potential opportunities for all. as a whole. Therein lies the challenge, pitfalls along this path. #TEP2017 / FALL 3 NYC HQ & INVESTORS Four Reasons to Make NYC Your Base David Teten ew York is now the a New York startup founded by a Santo Domingo im- systematic focus on non-U.S. companies. Among the second most active migrant which has expanded rapidly to financial ser- exceptions in New York are the dual-nationality VCs tech ecosystem in vices clients across the U.S. and Latin America. (Our with offices outside of the U.S., such as HOF Capi- Nthe U.S. on all key metrics, firm is an investor.) tal (our firm), Alrai Capital, Bleu Capital, Blumberg after the Bay Area. One Strikingly, there are now several state and city Capital, Cathay Capital Private Equity, Cornerstone significant driver of our government programs specifically designed to make Venture Partners, Elevator Fund, Fifth Wall, iNovia growth has been that we are it easier for non-Americans to found companies in Capital, JANVEST Capital Partners, Marker LLC, much closer than California New York City, including the Economic Development Northzone, Octopus Ventures, Pereg Ventures, Rich- for companies with ties to Corp.’s International Innovators Initiative (IN2NYC), mond Global, Silicon Badia, Vaizra and White Star Europe, Israel, Latin Ameri- the World Innovation Tour to Asia organized by Capital. Davide Teten ca and eastern Canada. Managing Partner New York International and four Asian governments, Seven of the 17 companies HOF Capital has in- HOF Capital New York venture capi- Startup Global New York City and the GlobalNY pro- vested in have founding teams with roots in under- talists recognize this trend, gram. represented regions: Egypt, Latin America, Nigeria, and more of us are opening our doors to invest in There are at least a dozen private businesses and Pakistan, and Turkey. In addition, we have backed six startups with international roots.