Image Courtesy of NYCEDC
Summer 2025 Programming Placed Over 110 NYC-Based Students at 80+ Startups and Venture Capitals Throughout the City
Workforce Development Effort Develops Impactful and Efficient Talent Pipelines in NYC’s Tech Sector by Providing Students with the Resources, Professional Development, and Training Needed for Career Success
New York City Economic Development Corporation (NYCEDC), Company Ventures, Supermomos, along with a coalition of more than 12 additional partners, celebrated the successful closing of the 2025 NYC Startup and Venture Capital Internship Programs – two cutting-edge initiatives that support tech-enabled startups and VC firms in New York City with capacity to host interns, grow their teams, and strengthen their businesses, while developing robust and equitable talent pipelines in New York City’s tech sector. These groundbreaking programs placed over 110 NYC-based students at over 80 startups and venture capital firms across the five boroughs. The 2025 programs have resulted in numerous students continuing their internships beyond the summer or receiving full-time offers, such as with early-stage NYC startups like GreenPortfolio, QMed Insights, and Theramotive, and VC firms like Newlab, Thomson Reuters Ventures, and Antler.
These programs build on NYCEDC’s ongoing efforts through New York City’s Artificial Intelligence (AI) Advantage report and the Green Economy Action Plan, underscoring New York City’s position as a global hub for emerging innovation industries and advancing the next phase of equitable, large-scale economic growth. This announcement also builds on NYCEDC’s Academia Report and is a reflection of the City’s commitment to deepening its partnerships with academia to strengthen the city’s talent pipeline, research capacity, innovation, and growth. Within the 2025 internship programs, 97 percent of placements were CUNY students.
The NYC Startup and VC Internship Programs bolster New York City’s innovation industries, including technology, AI, and the climate and green economy. Among the 2025 participating startup hosts, 76 percent are AI and/or green economy startup companies. Both the Startup and VC Internship Programs provided dedicated training days for both AI and the green economy, as well as professional development events, and AI literacy programming over the course of summer.
NYC Startup Internship Program
The NYC Startup Internship Program is a multi-year initiative, with programming supported by NYCEDC, Company Ventures, Tech:NYC and Blackstone LaunchPad, as well as partnership from the Zahn Innovation Center at City College, Justworks, OpenAI and Basta. In addition to securing paid summer internships at exciting NYC-based startups, participants have access to professional development training, industry networking sessions, and mentorship. The goal of the program is to cultivate the next generation of tech talent while supporting the growth of New York City’s startup ecosystem. This year, the program placed over 90 NYC-based college students from various CUNY campuses into paid internships across 68 New York City tech-enabled startups.
This year’s initiative built on NYCEDC’s previous Startup Internship Pilot Program, a workforce development program originated by Blackstone Launchpad that collectively provided 166 CUNY students with paid internships at 84 NYC-based startups during the summers of 2022, 2023, and 2024.
NYC Venture Capital Internship Program
The NYC Venture Capital Internship Program supports talented undergraduate students from across New York City with exposure to the venture capital industry, and it helps participants build valuable transferable skills through hands-on experiences that prepare them for future careers in New York City’s venture capital and startup ecosystems. This initiative was made possible through support and partnership from partnership from NYCEDC, Supermomos, Everywhere Ventures, CUNY IAR, Kauffman Fellows, Carta, and Morrison Foerster.
In its inaugural year, the NYC Venture Captial Internship Program placed 21 students into paid internships at 19 venture capital firms based in NYC. Additionally, 25 percent of this year’s interns received return offers or extensions.
New York City is the world’s second-largest tech and startup ecosystem, with more than 25,000 tech-enabled startups, over 360,000 jobs, a startup ecosystem valued at $694 billion, and more than 1,200 active venture capital and other investment firms. Given the rapid and continued growth across tech and venture businesses, employment, and wages, NYC’s tech sector remains one of the best opportunities for New Yorkers seeking middle- and high-wage jobs.
This announcement is also a reflection of the City’s commitment to deepening its partnerships with academia to strengthen the city’s talent pipeline, research capacity, innovation, and growth. Some key targeted investments in facilities, research centers, and career pipelines, include Cornell Tech, the Science Park and Research Campus (SPARC) Kips Bay, BATWorks, Gotham Foundry, Fordham’s Bronx Green Jobs Center, Mount Sinai’s Surgical Innovation Center, and internship programs in life sciences and tech. The city’s academic institutions generate $35 billion in annual economic impact and serve as a cornerstone of innovation, talent development, and economic mobility—helping attract and retain young talent and translate research into new businesses and solutions. The city’s young, educated talent base boasts a population of nearly 1 million students and recent graduates.
About NYCEDC
New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy. To learn more about what we do, visit us on Facebook, X, LinkedIn, and Instagram.
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