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A group of banks, investors and technology experts announced today their search for the "nation's top financial technology innovators" who will participate in the FinTech Innovation Lab. Six entrepreneurs will be selected to participate in a 12-week lab program that will begin in May 2011. Qualified applicants must have at least a working alpha version of their technology, ready for testing for the institutional or retail market.

Earlier tonight, the Paley Center hosted a discussion about social media and digital activism with celebrated artist, architectural designer, activist and blogger Ai Weiwei, Twitter co-founder Jack Dorsey and ReadWriteWeb's editor and founder Richard MacManus. The discussion touched upon a large variety of topics related to social media and digital activism in China, including translating Twitter into Chinese and Google's exit from the Chinese market.

As we profiled in our Never Mind the Valley series last month, New York is increasing its stronghold on the east coast startup scene. The city's rich media and international business ecosystems make it the perfect launch pad for startups looking to leverage these markets. One other reason the city has seen successful growth of entrepreneurship is the holding company Betaworks, which shows no signs of slowing after raising $20 million from Intel, AOL, RRE Ventures and several others.

Online retailer Amazon has ended all Colorado-based affiliate accounts after a new law passed by the state's legislature would have forced them to collect and pay state sales taxes. The law, HB 10-1193, states that any affiliate marketer making more than $10,000 for a retailer is declared a legal agent, and a state presence, of that company. Rather than be forced to pay the state taxes, Amazon has instead side-stepped the law by closing its doors to all affiliates based in Colorado.

One the interesting differences for startups on the east coast compared to the west coast is how much more compact the east coast is. For Silicon Valley, the nearest major metro cities are 400 to 800 miles away, which makes the San Francisco area much more secluded. Boston, New York, Washington D.C. and Baltimore are all within a short drive of each other, which makes the sharing of resources, talent pools and events much easier that on the west coast. Philadelphia, conveniently located between Washington D.C. and New York, is home to DreamIt Ventures, which is now accepting applications for its 2010 summer accelerator class.

In an effort to highlight some of the emerging tech centers across the world we've written on a number of cities for our Never Mind the Valley series. We've featured the funding and opportunities available in places like Washington DC, Bangalore and Beijing. Our intent has never been to create regional rivalries, but rather to highlight the diverse landscape of the tech world in general. That being said, few stories got as much attention as the piece on New York as passionate East Coasters rallied around their hometown. Despite what seems to be a surge of love for the Big Apple, SpeakerText CEO Matt Mireles recently pointed out the shortcomings of the New York tech scene and announced that he's exploring the Valley for opportunities.

As we head toward the final week of February, and the Winter Olympics in Vancouver get set to begin their second half of competition, it's that time again for the ReadWriteStart Weekly Wrapup. In this week's edition we've got some tips to get your iPhone app ranked higher, as well as a funding opportunity for getting your iPad app ideas off the ground. Our Never Mind the Valley series returns as we profile New York City, and in the most discussed topic this week we talk about Square's new mobile credit card scanner and its possible implications for small business.

Known by many as The Big Apple, and by some in the tech scene as Silicon Alley, New York City has been an international hub for media, art and business for decades. More recently New York has ebbed and flowed with the success and failures of the Internet startup culture, and is now well on its way to cementing its reputation alongside Silicon Valley as a driving global force in the industry.

Georgetown roommates David Ambrose and Justin Tsang never thought their time spent together in the dorms would amount to a joint business. The two recently launched Scoop St. - a group buying discount site for local deals on restaurants, spa packages, sporting events and concerts. Similar to other shopping sites like Woot and GIlt, users have a limited time to purchase. However, with Scoop St. and competitor Groupon, a minimum number of users must sign up for an offer by the end of the day. When the minimum is met, your credit card is charged, but if no one else signs up for the deal, then you aren't charged a penny.

The talk of the venture capital and entrepreneurial towns these days is the Open Angel Forum which after its second event in Boulder, Colorado is now announcing two more events in New York and San Francisco. Brainchild of Jason Calacanis, the Open Angel Forum (OAF) is an opportunity for startups to get face-time with active big-time venture capitalists and angel investors - all for the low, low price of free.