NYC Prioritizes Growth Over Startups through the ILPN Strategy
In an effort to further cement its status as a global hub for innovation, New York City is launching the International Landing Pad Network (ILPN). The initiative, which will coincide with the United Nations General Assembly and Climate Week NYC, is aimed at attracting foreign direct investment (FDI) into the city.
The ILPN offers a structured entry point into the city for four curated operators: Plug and Play, Supermomos, SOSA, and The Clean Fight. These operators will provide the necessary support and resources for growth-stage companies looking to establish a presence in New York.
According to Aissata M.B. Camara, Commissioner of the NYC Mayor's Office for International Affairs, the Office is proud to drive the connections that anchor global innovators across all five boroughs. The ILPN is designed to institutionalize the pipeline of FDI into New York City, following the successful models of cities like Singapore and sovereign wealth funds like Saudi Arabia's PIF and the UAE's Mubadala.
The launch of the ILPN comes at a time when New York City is already attracting significant international investment. In 2024, $4.9 billion in international capital flowed into the city, underscoring its role as a magnet for global business. This trend is further reinforced by the recent moves and expansions of U.S.-based companies like Bridgewater Associates, Chobani, OpenAI, and SharkNinja in the city.
The ILPN is more than just an economic development program. It is New York's bid to cement its role as the global capital of scale-ups, where international founders don't just launch, but grow into the next generation of industry leaders. Applications for the inaugural ILPN will open this fall, with eligibility defined as "growth-stage" companies with $5 million or more in annual revenue, or sufficient capital to build a five-person team in New York within two years.
Companies interested in applying can sign up for notifications and learn more at Choose.nyc. As the city continues to attract global innovators, the ILPN is poised to play a crucial role in anchoring these companies not just with space, but with structure, partnerships, and global reach.
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