New York, NY – New York City Economic Development Corporation (NYCEDC) and venture group Team8 today announced a strategic partnership to bolster New York City’s cybersecurity ecosystem and workforce through the Cyber NYC initiative. Team8 plans to build a hub at its New York headquarters to develop local talent and innovative solutions for the cybersecurity sector.
NYCEDC’s partnership with Team8 draws on the company’s expertise in identifying, training and recruiting research and development talent; bringing new technologies in cyber, data and artificial intelligence domains to market; and access to insights from industry leaders. The partnership will include collaborative initiatives with CUNY, NYU, Columbia and Fullstack Academy through curriculum development, guest lecturing, adjunct professorship, hiring students and interns, and researching and scaling innovative cyber solutions.
“New York City has quickly become the international capital for cybersecurity and a leader in tech innovation,” said NYCEDC President and CEO James Patchett. “As we build on this success, EDC is excited to partner with Team8 as they develop a new cyber hub in New York City and lend their valuable expertise to our game-changing Cyber NYC initiative. We look forward to collaborating on projects that help fuel the next generation of talent in the city’s growing cyber and tech ecosystems.”
Team8’s Co-Founder and CEO Nadav Zafrir, former Commander of Israel’s Intelligence Corps Unit 8200, has joined Cyber NYC’s advisory board and will focus on talent development within New York City’s cyber ecosystem.
The cybersecurity workforce gap is on pace to hit 3.5 million worldwide and the sector enjoys a zero percent unemployment rate. Currently, in New York, there are about 20,000 job openings in the cyber field. In a recent study, nearly 70% of cyber professionals say their teams are understaffed and hiring managers say it can take over six months to find qualified cybersecurity candidates.
The NYCEDC – Team8 partnership will focus on three tracks: Training and developing talent, growing New York City’s cyber ecosystem and identifying the next big breakthrough idea from academia. To better prepare the workforce of the future, full-time and internship opportunities across both Team8 and its portfolio companies will be created for local talent in the group’s New York City headquarters.
About Cyber NYC
Cyber NYC, the City’s $100M initiative to grow the cybersecurity sector, leverages a roster of world-renowned partners to launch a Global Cyber Center, to fuel commercialization, research, and new talent pipelines to train the cyber workforce of the future.