page_title: New York (state)
section_title: Tech Valley
hierarchical_section_title: New York (state) / Economy / Tech Valley
caption_attribution_description: IBM's w:Thomas J. Watson Research Center in Yorktown Heights, NY Stitched with "http://hugin.sourceforge.net/"
context_page_description: New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. With more than 19 million residents in 2019, it is the fourth-most-populous state. To distinguish it from New York City, which is the largest city in the state, it is sometimes referred to as New York State.
  Two-thirds of the state's population lives in the New York metropolitan area. The state and city were named for the 17th-century Duke of York, the future King James II of England. With an estimated population of 8.34 million in 2019, New York City is the most populous city in the United States and the premier gateway for immigration to the United States. The New York metropolitan area is one of the most populous in the world. A global city, NYC is home to the United Nations Headquarters, and has been described as the cultural, financial, and media capital of the world, as well as the world's most economically powerful city. The next four most populous cities in the state are Buffalo, Rochester, Yonkers, and Syracuse, while the state capital is Albany.
  The 27th largest U.S. state in land area, New York has a diverse geography.
context_section_description: Albany, Saratoga County, Rensselaer County, and the Hudson Valley, collectively recognized as eastern New York's Tech Valley, have experienced significant growth in the computer hardware side of the high-technology industry, with great strides in the nanotechnology sector, digital electronics design, and water- and electricity-dependent integrated microchip circuit manufacturing, involving companies including IBM and its Thomas J. Watson Research Center, and the three foreign-owned firms, GlobalFoundries, Samsung, and Taiwan Semiconductor, among others. The area's high technology ecosystem is supported by technologically focused academic institutions including Rensselaer Polytechnic Institute and the SUNY Polytechnic Institute. In 2015, Tech Valley, straddling both sides of the Adirondack Northway and the New York Thruway, generated over $163 million in venture capital investment. The Rochester area is important in the field of photographic processing and imaging as well as incubating an increasingly diverse high technology sphere encompassing STEM fields, similarly in part the result of private startup enterprises collaborating with major academic institutions, including the University of Rochester and Cornell University. Westchester County has developed a burgeoning biotechnology sector in the 21st century, with over a billion dollars in planned private investment as of 2016.
caption: The main laboratory building of the IBM Watson Research Center is located in Yorktown Heights, New York
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