American Marconi Wireless News - MD&M East Partners with New York Robotics

The New York region is home to the fastest-growing tech ecosystem in the world. Tech in New York has grown twice as fast as the city's overall economy, three times faster than the U.S. tech ecosystem, and six times faster than the overall U.S. economy.

According to McKinsey's New York 2040 Report, robotics generated $21 billion in global revenue in 2022 and is projected to grow to between $190 billion and $910 billion by 2040, representing a compound annual growth rate (CAGR) between 13.02% and 23.29%. This wide range reflects the multifaceted impact of robotics across industries and the diverse scenarios that could shape its future trajectory.

Established in January 2024, the non-profit New York Robotics has become a place for robotics in New York. The group aims to catalyze innovation and accelerate the commercialization of robotics and embodied AI in the tri-state region while driving progress across the national and global robotics ecosystem.  NYR is already uniting nearly 100 independent robotics companies, 20 university research programs, over 100 venture capital firms, 25 industry leaders worldwide, with more than 150 service providers and consulates from leading robotics industry countries including international innovative tech hubs such as Japan, Germany and Denmark.

"Global leaders in robotics, DeepTech and AI are flocking to New York, not only for research, funding and customers, but also for its thriving ecosystem of creativity and collaboration that fuels the American economy and future industry development," says Steve Everly, MD&M East Event Director, Informa Markets Engineering. "The city offers a chance to innovate, convene, learn and share knowledge, working together to address some of the most complex challenges in the robotics industry today.

"Robotics is necessary to help solve some of the world's most pressing challenges," says Jacob Hennesey-Rubin, co-Founder and Executive Director, New York Robotics. " Yet it is certainly its own unique investment class, with its own unique needs. We have seen that robotics companies require a specific set of ingredients to grow, scale and eventually exit, and there is no doubt that New York has all of these key ingredients to fuel robotics from innovation to billion-dollar exits."

Additional founding partners and sponsors include Cybernetix Ventures, New York University, J.P. Morgan, AlleyCorp, Interwoven Ventures, Polsinelli Law Firm, Standard Bots, Monozukuri Ventures, SDP/SI, Eisner Amper and Mercer Labs.

To learn more about the onsite partnerships at MD&M East visit: www.mdmeast.com

About Informa Markets Engineering
Informa Markets Engineering is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa Markets, a subsidiary of Informa plc (LON:INF), the world's leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

Media Contact
Informa Markets Engineering PR
[email protected]

SOURCE: Informa Markets Engineering

View the original press release on ACCESS Newswire

S.F.Warren--AMWN