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Today in Tech: New York City's Internet Week Showcases Innovation


NYC is celebrating its burgeoning tech scene, LG and Google reinvent TV interface, and Aereo disrupts broadcast TV with the iPad.

MINYANVILLE ORIGINAL This morning, Minyanville was invited to the launch of the fifth annual celebration of New York City's burgeoning tech scene, Internet Week New York.

New York's tech-boom is no joke. Recently, a study by the Center for an Urban Future showed that not only did New York eclipse Boston/Cambridge as the biggest startup hub, New York is the only region that saw the volume of venture capital deals expand in recent years. Between 2007 and 2011, VC deals in New York increased by 32% while declining 11% nationwide. Employment in the information technology sector grew by 28.7% from February 2007 to February 2012 while jobs in the broader city economy grew by only 3.6%. The study counted 486 companies that were founded in New York and received venture capital funding since 2007.

The city government and Yahoo (YHOO) co-sponsored the week-long event. The week of speakers, panels, product launches, classes, and demonstrations began this morning, bright and early at headquarters in the fashionable cast-iron SoHo district of Manhattan.

Plenty of interesting companies promoted themselves at tables at the headquarters. One of the more fascinating ones was LG Electronics' Google TV (GOOG).

The user interface was smoother than I thought it would be, and it worked a lot faster than other smart TVs that I have seen in the past. The picture was a lot clearer than this, you just need to have your 3D glasses on to appreciate it.

Here's a closer look.

This art project, called Shape/Shift by Ivan Depena, Jack Kalish, Gabriella Levine, and Catherine McCurry at NYU's ITP, is a graduate program that blurs the boundaries between art and tech, tracks people's movements, and makes patterns based on what it sees.

A look above revealed a Microsoft (MSFT) Kinect.

The Apple (AAPL) iPad provides a lot of inspiration for new products. Aereo is an HTML5-based way to watch live streaming television on an iPad. Right now, the service is only available in New York. The National Association of Broadcasters, representing Fox (NWS), NBC Universal, and ABC (DIS) are vehemently opposed to the creative destruction that Aereo could wreak on their business models.

Mayor Mike Bloomberg, a media entrepreneur himself, is a huge supporter of the digital scene, going as far as to make a massive investment in a tech campus on Roosevelt Island. The mayor's office even hired the country's first Chief Digital Officer, Rachel Sterne, who also rang in this week's events.

Minyanville will be covering a few of the 225 city-wide events to keep you posted on New York's latest innovative companies.

Twitter: @vincent_trivett
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