Move over banks. The tech sector is coming to Wall Street. H.E.L.M., or Hire + Expand in Lower Manhattan, is NY’s latest initiative to expand startups. It’s a contest that awards up to $1.2 million in funding to startups willing to locate in the financial district.
The competition is sponsored by NYCDEC, LMDC and HR&A. A panel will choose up to 20 finalists who will receive $10,000 each. After that, up to four winners who sign leases within a year would receive $250,000 each.