Economy of New York City supported by its entrepreneurship ecosystem and venture capital investments. In the first half of 2014, Silicon Alley generated over US$2.1 billion in venture capital investment across a broad spectrum of high technology industries, most based in Manhattan, or alternatively, Brooklyn. High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines, New York's intellectual capital, and its extensive outdoor wireless connectivity. According to New York’s Economic Development Corporation, telecom carriers,
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