New York metropolitan area to take advantage of New Jersey's relatively lower commercial real estate and rental prices, while offering continued geographic proximity to Manhattan's financial industry ecosystem. Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the metropolitan region's high technology industries involving the Internet, new media, financial technology ("fintech"), telecommunications, digital media, software development, biotechnology, game design, and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital investments. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn,
Silicon Hills in Round Rock, a suburb of Austin. Austin was one of the top areas for venture capital with investors investing $621 million in 2013 (43% of that went to software and semiconductor firms). Some venture capital investors include Austin Ventures, Central Texas Angels Network, and Tritium Partners. There are at least 15 startup incubators as well, including: Capital Factory, Austin Technology Incubator, and the IC Institute (the incubator for the University of Texas at Austin). Silicon Hills Silicon Hills is a nickname for the cluster of high-tech companies in the Austin metropolitan area in the U.S. state of Texas. The