Milan and NYC support start-ups

Milan signs accord with Big Apple.

Milan has struck a two-year deal with the New York City Economic Development Corporation for a joint project to help launch young businesses.

Ten winners will be chosen in each city and provided with office space and networking contacts. They will also be supported in their search for sponsors, investors, stakeholders and clients.

Open to start-ups launched within the past four years, the agreement will cover a wide range of activity: high tech, green economy, agri-food, social innovation, fashion and design, digital manufacturing and even prison cooperatives.

Milan councillor Cristina Tajan said that New York City chose Milan for its reputation as a national and international reference point for developing young businesses. Over the past five years, Milan has supported 670 start-ups with contributions, as well as eight “business incubators” in the fields in which the city has international recognition: fashion, design, agri-food  and high-tech innovation.

An invitation for bids to join the scheme will be published on 16 May on the Global Business Exchange website. Young entrepreneurs looking for more information can contact Milan's work and education services by email.