GCT is thrilled to announce we are now accepting applications for 2016-2017 class!
Transforming promising companies into extraordinary ones
GCT is a community of startups and strategic partners that breaks from the traditional accelerator model by providing an unparalleled value proposition.
Accepted companies receive FREE office space for a YEAR with ZERO equity fee to participate. We surround these companies with the best possible resources in a program tailor-made to each. Our model looks something like this:
Attract best-of-breed startups focused on transforming their given industries and are savvy and accomplished enough to want to preserve their equity and initial capital. Above and beyond any of the other resources GCT provides, the trust, support and camaraderie of true peers is the most valuable.
Provide an exhaustive package of perks and services that goes well beyond the standard, including access to an in-house recruiting team to source premier talent
Bring to bear an influential Strategic Advisory Board, mentors and mentor companies, a broad network of interested VCs and Angels, and top-flight corporate partners
We’ve done this successfully for years now. It’s a model that channels NYC’s unrivaled institutional advantages––Fortune 500 companies, top schools, preeminent advisors, global networks of investors––for the benefit of our community of startups with exemplary results.
Facebook’s former NYC headquarters, our beautiful wide-open space in the heart of the city.
We’ve carefully assembled an exciting group of Strategic Advisors that are instrumental in selecting participating startups, providing guidance, and generally shaping our program. Our advisors come from a wide array of professional backgrounds, but all have a wealth of experience and deep connections throughout the technology landscape. An initial (though still growing) list is as follows:
Our Corporate Partners represent the very best of New York and global business. Facilitating two-way dialogue between emerging and established companies creates lasting benefit for both, and the broader NYC economy.
Starting a company isn’t easy. And while some tasks are more vital than others, every company needs to be buttoned up when it comes to their foundational documents and term sheets, their tax and accounting policies, and their strategy for making themselves known to the world. The best way to cover these bases is by working with the pros. So we’ve assembled some of the best in the game:
Fostering the next generation of tech talent and broadening access to the benefits of the tech economy is in our DNA. We’ve partnered with some of NYC’s premier high schools to place their best recent graduates as interns with GCT companies and leverage the advice and influence of their alumni as mentors. We also work with and support a number of programs that bolster and expand STEM instruction and/or provide exposure to the NYC tech economy for talented young people from public schools around the city.
The first day a company starts at Grand Central Tech is the last day they have to worry about their real estate needs, doing away with a massive headache/distraction for the foreseeable future. In fact, you can think of GCT as just step one in what is a vertically integrated startup ecosystem addressing the needs of technology companies throughout their lifecycle.
Build is our 40,000 sq. ft. coworking space into which GCT companies graduate. Space is guaranteed here for GCT companies and offered at favorable rates, allowing our community to continue to grow and work together beyond their one year term at GCT. Build includes private office suites, open desks and plenty of separate spaces. Learn more here.
The Hub@GCT reflects GCT’s commitment to supporting entrepreneurs that are addressing the world’s most critical AND most lucrative challenges. Built in partnership with the NYC EDC, the Hub consists of 50,000 square feet of custom built, flexible office space offered at highly discounted rents to growth stage companies focused on Urban Tech and smarter city challenges. Learn more about the Hub here.
More broadly speaking, The Hub is representative of Grand Central Tech’s commitment to supporting our companies throughout their lifecycle including their “Growth stage” – the point at which they’ve outgrown traditional coworking spaces but are growing too unpredictably to sign a 5-10 year lease. For these types of companies we offer a variety of private office formats throughout the building ranging in size from 2,000 to 40,000 square feet.
All of our communities — GCT, Build, Hub@GCT — are purpose-built to work together often and collaboratively, constantly building and reinforcing one another to establish what is effectively a Center of Excellence for New York’s premier technology companies/entrepreneurs.
Grand Central Tech is guided by a two-part mission.
First, to create a single point of density of the best technologists and entrepreneurs in NYC by leveraging all of the ecosystem’s key advantages in their favor. In particular, it is our goal to not only accelerate them by removing headaches that otherwise encumber a startup (including space, legal, accounting, etc), but to provide them with the competitive advantages of access to customers, mentors, talent and investors. Drawing in the scale of resources from our corporate partners is a key component of driving these advantages. Success in this regard will increase the efficiency of the energy and resources being poured into innovation by both the corporate and startup worlds.
But we’re not doing this in a vacuum. We appreciate the socioeconomic opportunity inherent in the economic shift towards technology we’re undergoing and intend to ensure that the broadest possible range of beneficiaries stand to benefit from the energy and resources being poured into the tech sector, and the opportunities that are coming out of it. We do this by selecting for a diverse community of tech companies without in the least sacrificing on quality and then challenging/enabling that community to engage in good corporate citizenship via our code of conduct and a number of outreach efforts – most notably our signature internship program that draws in young people from across the socioeconomic spectrum and provides them internships with our member companies.
Last, in all cases, we would prefer to be working with and on technologies that are advancing the human condition; that are aiming for big, important goals… but which also have a credible path towards achieving them.
We’re looking for companies that span the entire startup spectrum. We believe mixing companies of varying levels of maturity can unlock potential. And we’re looking for individuals interested in building a community that takes mentorship and diversity as seriously as value creation and growth.
We prefer to think of the “tech” in GCT as “tech-facilitated entrepreneurship.” We’re as interested in the next big data platform as developing the next great hearing aid. We want the best companies working to solve big problems and tackle significant challenges.
GCT is committed to fostering a culture of inclusion and diversity with a specific focus on women, underrepresented minorities, and veterans. We are proud that the composition of our inaugural class reflects the composition of the great city in which we work.
If you think you’re after something big, apply here.
Joe is a Partner at Formation 8, a fund which invests in top startups and connects them with Asian conglomerates to drive innovation at a global scale. Joe co-founded Palantir Technologies, a multi-billion dollar software company which develops mission-critical analysis systems used by government and financial organizations around the world. He is also the founder of Addepar, a leader in private wealth management technology.×
Michael M. Milstein is the CEO of Boylan Bottling Co, an artisanal beverage company, and Co-Founder and Chairman of Grand Central Tech. He is also a partner at New York Private Bank & Trust and a partner at Milstein Properties and is on the boards of The Nicklaus Companies and Ostendo Technologies. Philanthropically, Michael serves on a number of boards including the Milstein Medical Asian American Partnership Foundation.×
Justin Rockefeller runs Special Relations at Addepar, a company reinventing the tools to aggregate and analyze financial data. In March 2013, Justin cofounded The ImPact, a nonprofit/NGO membership organization comprised of investors who pledge to make impact investments, track their social impact and financial progress, and share those data with others who have made The Pact. He is also a Venture Partner at Richmond Global, a global venture capital firm.×
Harrison is a Vice Chairman of LeFrak, a privately owned firm engaged in the ownership, management, and development of real property, the exploration of energy, and investments in securities. Over the past decade, he has helmed LeFrak’s growing activities in the technology investments space and established himself as one of New York’s leading technology thinkers.×
As chief executive officer and founder, Andrew is responsible for the overall strategy, vision, and funding of Illumio. With expertise in the areas of network security and compliance management, Andrew is a frequent participant in panels, articles, and podcasts for leading industry events and publications. Prior to Illumio, Andrew was president of Cymtec and led Business Development for VoiceNet, where he was responsible for sales strategy, business development activities, and customer relationship management. Andrew graduated from Washington University in St. Louis with a BSBA in Finance.×
Andrew Yang is the author of Smart People Should Build Things and the Founder and CEO of Venture for America. Previously, Andrew was CEO and President of Manhattan GMAT, acquired by the Washington Post/Kaplan in 2009. He was named a Champion of Change by the White House in 2011 for his work with Venture for America and one of Fast Company’s “100 Most Creative People in Business” for 2012 & 2013. He is a graduate of Columbia Law and Brown University.×
Dr. Anita M. Sands is a global technology and business leader, public speaker, and advocate for the advancement of women. She is currently a member of the Board of Directors of two public companies – Symantec Corporation, the world’s leader in computer security, a Fortune 500 company; and Service Now, the enterprise IT cloud company. Her career to date in Financial Services saw her being appointed as the youngest ever Senior Vice President at the Royal Bank of Canada, where she served as the Head of Innovation and Process Design.×
Rachel Weiss is an award-winning digital professional and recognized thought-leader with vast experience in emerging technology and digital marketing practices. Currently, she is responsible for creating digital marketing and innovation strategy focusing on mobile, social, content and disruptive technologies across L’Oréal USA. She is also responsible for new digital business ventures and partnerships at the company. Weiss leads relationships with VC firms and entrepreneurs to identify first-to-market opportunities for the beauty industry. Weiss is the founder of one of L’Oréal USA’s key initiatives – Women in Digital. This program supports women in the digital space by identifying and celebrating female entrepreneurs advocating digital and IT careers for women along with mentorship programs and testing opportunities.×
Dan’l Lewin is a Corporate Vice President at Microsoft, leading the company’s work in civic tech, campaign technologies and academic outreach, which promotes the work of scholars leading the dialogue on technology policy issues. Lewin has executive and site responsibility for the company’s operations in Silicon Valley, which currently employ more than 2,000 people. Lewin has spent more than 30 years as a Silicon Valley-based executive, leading sales and marketing divisions for companies including Apple Computer Inc., NeXT Inc. and GO Corp. Lewin is on the Corporate Advisory Board of the National Venture Capital Association. He holds an AB in politics from Princeton University.×
Lance is global head of Client Platforms and Investment Banking Technology. He is chair of the Global Technology Career Development Committee, a member of the Technology Division Executive Committee and a member of the Technology Division Risk Operating Committee. Lance joined Goldman Sachs as a managing director in 2008.
Prior to joining the firm, Lance was a managing director at Morgan Stanley, where he was responsible for infrastructure and development organizations in Wealth Management. He has also been a technical advisor to several companies, including Cisco, Collation, Actona and Intruvert.
Lance has served on the Board of Directors of The Bridge and Earth Day Network.
Lance earned a BA in Mathematics from the University of Rochester, an MS in Physics from Colorado State University and an MBA from the Wharton School of the University of Pennsylvania.×
David Famolari is a Director at Verizon Ventures. Prior to Verizon, David was Vice President at Rutberg & Company, a mobile-focused investment bank, where he headed the private company practice. He also co-founded GoodCompany Ventures, a venture incubator that uses the tools and resources of the venture capital community to help entrepreneurs implement innovative ideas for social impact, and served as a mentor to the Women Innovate Mobile Accelerator program and to the Pipeline Fellowship. David sits on the Technology Advisory Board at Ben Franklin Technology Partners and the Employer Advisory Board at the Wharton School of the University of Pennsylvania. David brings extensive product and engineering expertise to Verizon Ventures, having spent more than 12 years in advanced R&D creating new technologies, leading joint ventures and overseeing innovation programs for commercial, military, and federal clients at Telcordia Technologies, Bellcore and Bell Labs. David has authored more than 50 published papers and is an inventor on over 70 granted and pending patents. David earned a M.S. in Electrical Engineering from Rutgers followed by an M.B.A. from the Wharton School of the University of Pennsylvania. David is based in the New York metro area.×