Welcome to the monthly newsletter Inside group explained the challenges and risks of funding Alley published by swissnex Boston’s from her experience in the pharmaceutical Outpost. This electronic publication is designed to industry. Finally New York-based Swiss designer Tina highlight interesting projects, news and developments Roth Eisenberg, aka swiss-miss stressed the from New York's innovation economy. importance of the "labors of love" in shaping a Initiated by swissnex Boston and supported by CTI succesful career. Recap of the event with pictures and and ETH Domain, the New York Outpost aims to videos on the swissnex blog: accelerate knowledge exchange between http://ny.swissnexboston.org/blog/2013/11/21/the- Switzerland and New York’s fast growing tech impact-of-swiss-ideas ecosystem. Stay tuned to the New York Outpost’s blog for additional news and updates. New York outpost featured in WeWork's publication swissnex News & Events (FullStart by WeWork, November 07, 2013) Pierre Dorsaz, Opening event of swissnex New York outpost at Senior Project Bloomberg L.P Manager of the New York outpost of swissnex was (swissnex Boston - New York Outpost, November 20, 2013) featured in a series of interviews by FullStart. FullStart On November 18, swissnex is the publication of the WeWork coworking space. Boston’s New York Outpost The "Do Whar You Loves" series showcases people (NYO) and Bloomberg LP behind emerging companies and projects in New York hosted The Impact of Swiss City. In the interview, Pierre described his role as an Ideas to create a platform for a "ambassador" of Switzerland's excellence in science, night of stimulating talks and higher education and innovation and pointed out the dynamic conversations around the connections similarities and differences between the US and Swiss between Switzerland and New York innovation scene. start-up culture. Read the full interview on New York The event was organized on the occasion of the outpost's blog: launching of the outpost of swissnex Boston in New http://ny.swissnexboston.org/blog/2013/11/7/swissne York City. The three guest speakers of the night x-featured-in-weworks-online-publication-read-the- highlighted three key components of the Swiss and interview New York knowledge economy: cutting edge academic research, access to capital and passion for creation: ETH professor Donald Kossmann presented ETH leadership in data analysis and innovation processes. Helen Oesch from Credit Suisse heathcare

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Start-up & Innovation from New York is a good thing for Californian tech start-ups. Antony Noto, the Goldman Sachs banker hosts the first incubator for biotech start- behind Twitter’s IPO already stated that “it will be a big ups in New York year for consumer internet IPOs”. (Columbia Engineering, November 01, 2013) http://swissinnovation.org/newsNYC/web/2013/05- technology 131108-de scene is known for its dense network of co-working spaces Higher Education / Policy / Regulation that have popped up in the past 5 years in the , New York State considers bitcoin regulation Soho or , filled up with (New York Times, November 14, 2013) the next generation of internet companies. Since As investors have shown an November 1, Harlem has strengthened its presence increasing interest in Bitcoins on the map of Silicon Alley by hosting the first and start-ups related to the incubator fully dedicated to biotech and life sciences virtual currency, regulators are start-ups. Harlem Biospace is an initiatives of the New exploring solutions to prevent York City Economic Development Corporation any fraud and criminal activities (NYCEDC) in partnership with associated with the use of an not controlled currency. biomedical engineering professor Sam Sia. The site In November, The New York State Department of has open its doors to already 24 companies that can Financial Services (NYSDFS) announced that it will get access to a wide range of technical equipment like soon hold a public hearing on the regulation of bitcoin cell-culture hoods, benchtop centrifuge, chemical and other virtual currencies. The hearing will focus on fume hood, microscopy, freezers, and refrigerator the connection between money-transmission space. With these new facilities in a fast-developing regulations and virtual currencies. According to the neighborhood, Prof. Sia hopes to create the same NYSDFS, "the hearing is also expected to consider the level of enthusiasm for biotech innovation in Harlem possibility and feasibility of NYDFS issuing a that is so prevalent in the tech and internet space in ‘BitLicense’ specific to virtual currency transactions the rest of Silicon Alley. and activities, which would include anti-money http://swissinnovation.org/newsNYC/web/2013/03- laundering and consumer protection requirements for 131101-4a licensed entities" The Bitcoin was created in 2009 by anonymous programmers as a virtual currency not The role of Wall Street enhanced in recent Silicon controlled by any centralized authority. It has survived Valley tech IPOs several crises since then. In November, the value of a (Forbes, November 08, 2013) bitcoin was trading at $425, near record high, on the tech exchange Mt. Gox. entrepreneurs have often http://swissinnovation.org/newsNYC/web/2013/10- viewed Wall Street and the 131114-c0 New York Stock Exchange suspiciously. Even if they had The tech to do list of New York's new mayor to go to New York to ring in (Business Insider, November 18, 2013) trading on Nasdaq, they tried to keep New York at a New York City technologists and distance and to deal first with California-based entrepreneurs are probably a little bit investment bankers. Last year, Mark Zuckerberg did concerned to see Michael Bloomberg not even fly to New York for Facebook’s IPO at leave office. During his 12-year term, Nasdaq. He rang the bell from his headquarters in Mayor Bloomberg - himself a Menlo Park. Forbes magazine explained why the successful tech entrepreneurs - recent Twitter’s IPO - mainly engineered by New York- initiated a series of major projects based bank Goldman Sachs – could be a new start for aiming to make New York the new the relationships between Silicon Valley tech capital of the US digital economy. The entrepreneurs and New York investment bankers. most publicized project was probably the formation of First, Twitter chose the New York Stock Exchange, the Cornell Tech campus in downtown . over the Nasdaq that was usually the preferred Unlike Bloomberg 12 years ago, newly-elected Mayor destination for newly public Californian start-ups. With Bill de Blasio is relatively unknown to the tech 58% of this year’s tech IPOs, the New York Stock community. However, he has already announced Exchange now has the lead in tech listings over several measures to strengthen New York digital Nasdaq. Twitter and Goldman Sachs also learn from economy. Among his main objectives, if wants to make Facebook’s mistakes and opted for an understated NYC the most wired city in the world and accelerate approach. 2014 will tell if working with some outsiders the teaching of science and math in public schools to

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increase the pool of local talented engineers, following the initial mission of the Cornell Tech project. De Blasio also plans to run City government like a modern enterprise. To do so, he could consider hiring local technologist and business opinion leaders to fill strategic positions in his administration. http://swissinnovation.org/newsNYC/web/2013/01- 131118-c1

Carnegie Mellon will open a new applied sciences program in New York City (New York Times, November 20, 2013) After and its engineering campus on , another prestigious American University is about to launch a technology program in New York City. Carnegie Mellon University announced the start of its Integrative Media Program - a curriculum at the interface of technology and the arts for the Summer of 2015. The program will be based in Steiner Studios in Brooklyn. For Carnegie Mellon Provost Mark Kamlet, New York City is the perfect setting for providing education in "technology-based modes of expression and production." The school will become the first institutions of higher learning from out of NY State to establish a program in New York City. This initiative is part of the Applied Sciences NYC competition launched by Mayor Bloomberg with the "goal of turning New York City into the world’s leading city for technological innovation". In 2011, the prize awarded Cornell University and the Technion-Israel Institute of Technology for their project of new campus in Manhattan. http://swissinnovation.org/newsNYC/web/2013/02- 131120-2b

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