Green tech startups now have a new place to call home in downtown Brooklyn. The Urban Future Lab – which was unveiled last week by the New York City Economic Development Corporation and the New York University Polytechnic School of Engineering – will be a launching pad for new businesses driving innovation, economic growth and resiliency in the city. Housed in a 10,000-square-foot, state-of-the-art facility, the lab is located on the top floor of 15 MetroTech in the heart of the burgeoning Brooklyn Tech Triangle. Twenty lucky sustainable technology companies will have access to this new low-cost office space for two years while receiving mentorship, venture funding and training from New York City’s leading companies and organizations in the green business technology sector.
“This incubator is a leading example of how strong partnerships among the City, academia, and the private sector can promote entrepreneurship and facilitate cutting-edge research and education,” said NYCEDC President Kyle Kimball in a press statement. “The Urban Future Lab will provide much-needed affordable space, training, and resources for talented entrepreneurs and schoolchildren alike to design solutions to global urban problems.”
Through a plethora of local, city, and state resources, The Urban Future Lab is expected to generate over 9,000 new jobs in the clean tech sector by 2025. Aside from being hub for entrepreneurship and tech geek play, the lab will also support programming that will serve STEM educators and students interested in careers in urban sustainability. The facility boasts 2,000 square feet of demonstration and exhibit space that will offer educational classes and events for K-12 programming and public symposiums.
The Urban Future Lab is the third incubator for NYCEDC and NYU. Additional support is provided through corporate sponsorships from the National Grid and in-kind support from the Downtown Brooklyn Partnership and the Urban Green Council. Previous incubators birthed from the NYCEDC/NYU partnership include the Varick Street Incubator and the DUMBO Incubator. To date, the incubators have collectively created more than 900 jobs and generated more than $251 million in economic activity.
Applications for The Urban Future Lab are being accepted for interested tenants. Visit their website for additional information at www.urbanfuturelab.com.