Investment prize of over
Strategy, Business Development, Marketing support through HUB.NYC by JVP
Additional Benefits & Prizes
Become part of a Managed Service Platform offering for SMBs
Possibility to be included in HUB.NYC by JVP
$80,000 cash award by the City of New York, to be split among up to 8 finalists
Opportunity to engage with global partners and the SMBs in their regions
Significant PR exposure
Deadline to Submit a Concept Description
Applicants submit a short response outlining their team, concept, and approach. Any company, nonprofit, individual, or global entity can apply.
Selected applicants will submit additional information: business model, examples of past deployment, and how the solution applies to challenge-provided data and NYC context.
Top 8 finalists will be chosen. Finalists will pitch to the Evaluation Panel in NYC and build and deploy software prototypes for testing.
A finals event, including media exposure and pitches by all finalists, will be held, at which the winners of the various awards will be announced.
Scope of Challenge
Challenge participants should consider the following factors as they submit proposals and build technical prototypes.
Deliver a new or first-of-its-kind solution that either doesn't exist in the United States today or is in limited use and can be improved upon via this Challenge.
Demonstrate a testable prototype of the solution. This may include installing that solution on a virtual or real testing environment to observe how it responds to attacks.
Show us how the solution might tackle some or all of the cyber challenges that small and mid-sized businesses face, including cyber hygiene maintenance, device/software installation, and smart automation.
Provide a compelling user journey and associated educational cues and campaigns that any business owner can engage with and understand. Think about customer support and accessibility
Demonstrate that the model is for the independent owner-operator. Demonstrate how the City of New York - via pilots, discounts, outreach, or subsidies - can get the solution in the most hands. Think creatively about business model disruption, including integration with existing service providers, insurers, and others.
Small businesses adopt technologies like consumers but run their organizations like enterprises. Consider the type of distribution or go-to-market you employ and how you might use existing small business channels to market your solution.
Demonstrate how the solution impacts the largest possible number of nearly 240,000 small businesses in NYC. Show us how it addresses the needs of the most well-represented (e.g. healthcare & social services) and /or under resourced (e.g. independent owner-operators) business segments.
Jerusalem Venture Partners (JVP), is an internationally renowned venture capital fund based in Israel. Established in 1993 by Dr. Erel Margalit, JVP has raised to date $1.3 billion across 8 funds, and has been ranked numerous times by Preqin as one of the top-ten consistently performing VC firms worldwide. JVP has built over 120 companies, leveraging a broad network of partners and market expertise to help companies to become global market leaders. Among the pioneering firms of the Israeli venture capital industry, JVP has been instrumental in building some of the largest companies out of Israel, facilitating 12 Initial Public Offerings on NASDAQ and numerous industry sales. With a view to building industry leaders, JVP invests in early through growth stage companies in the spaces of Cyber-Security, Big Data, Fintech, Enterprise Software, Storage, Mobile, Media and IoT.
The Mayor’s Office of the CTO is led by the New York City Chief Technology Officer. We’re making broadband, smart city technologies, digital services, and the tech industry work for all New Yorkers. Learn more at NYC.gov/cto
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