New York

FinTech Innovation Lab: A Resource for Fintech Start-ups

Co-founded in 2010 by Accenture and Partnership for New York City, the FinTech Innovation Lab, offers newly-emerging financial technology companies the opportunity to participate in a 12-week mentorship program.  During the program, participants are invited to engage in a multitude of events including workshops, panels, and meetings with leaders in the financial technology industry.  

NYC Extends Tax Credit Available to Biotech Companies

By Daniel DeWolf and Sohail Itani

In late 2015, New York City Mayor Bill de Blasio signed into law a three-year extension of NYC’s biotechnology tax credit. Generally, the biotech tax credit allows emerging biotech companies to claim an annual refundable credit of up to $250,000 for certain costs and expenses. Extension of the credit underscores the city’s continued policy of incentivizing the start-up and early-stage growth of biotech companies.