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NYC Invests $12M To Provide Free Fiber Build-Out To 240 Startups

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http://techcrunch.com – The city of New York has just launched the ConnectNYC Fiber Challenge to help small NY-based companies get a free high speed fiber build-out in their offices. In order to win the prize, you have to submit an application to justify that you need very high speed connectivity — tech startups seem to have an edge in the challenge. In all, 240 companies will each receive a chunk of the $12 million investment over two years. The average cost of a build-out is approximately $50,000. The build-out will begin very rapidly as $7 million will be distributed this year. Qualifying companies must be l (IT news)