2nd Digital Revolution is Potential Bonanza for Innovative Startups

'Internet Week New York' showcases city's latest digital developments

June 20, 2011

Time magazine calls New York City a hotbed of technical innovation and selected 10 of the city’s most promising startups.

The buzz was palpable at “Internet Week New York,” a digital culture festival. With more than 300,000 workers employed in New York’s technology sector, and nearly $2 billion in dot-com and online companies, Internet Week is one of the most closely watched events in the wired world.

Festival chairman David-Michel Davies is director of the International Academy of Digital Arts and Sciences, which co-presented the event along with the New York City Mayor’s office. He says new online platforms, such as smartphones, are sparking a second digital revolution for consumers, creating a potential bonanza for start-up entrepreneurs.

"Since we have these new platforms, they are just ripe for people to come in and make them even more useful. Like how can we make that mobile phone more useful? How can it improve people’s daily lives? Obviously we’ve been doing this on the Web for decades at this point, but there is still so much room and space that can still be explored.”

Internet Week festival chairman David-Michel Davies says new online platforms, such as smartphones, are sparking a second digital revolution, creating a potential bonanza for start-up entrepreneurs.