original post by NYConvergence

This year NY was swept off its feet by young entrepreneurs ready call the city the birthplace of their visions. Older brands began to reach out to the youth. The young, insatiable minds of NY had more mentorships than ever before, IBTimesnotes. “The number of young people coming to NYC to build a company in the most creative place in the world, it just clicked,” Brian Cohen, chairman of the New York Angels, told IBTimes. ”It didn’t take a long time.”

Cohen believes that it was only a matter of time before Silicon Alley began to take shape as a hub for technological innovation to thrive. It was necessary for the first companies to stake their claim in the NY startup scene, where they could truly experiment, fail and succeed, and share their experience with younger brands, according to IBTimes.

As we bid 2011 adieu, it appears that business minds, politicians and educational institutions have taken large bets on the future of NY’stechnology and startup sector. “I don’t believe there’s a bubble,” Cohen stated. And with the confirmation of Cornell Unversity’s bid to build a new NY high-tech campus, it seems that Mayor Bloomberg agrees.

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