The incubator will open this fall in DUMBO – an old manufacturing district of New York City.
Coming this fall, New York City will launch a 2,000-square-foot clean tech incubator called the Clean Technology Entrepreneur Center with intensions to hold space for 20 startups that focus on clean and green technologies, according to local media.
Through a partnership between the city’s Economic Development Corp. (NYCEDC) and the Polytechnic Institute of New York University, the incubator will open shop in Forest City Ratner’s 15 MetroTech.
The NYCEDC will pay $750,000 over the next two years to help fund the project.
And this isn’t the first time the NYCEDC and NYU-Poly partnered to launch incubators to create technology jobs. Since 2009, the two entities together have developed three incubators: the Varick Street Incubator in Hudson Square; the NYC ACRE; and the Down Under the Manhattan Bridge Overpass (DUMBO) Incubator in Brooklyn, according to the NYCEDC.
Photo of a DUMBMO building courtesy of Shutterstock. This story has been updated to reflect the fact that 15 MetroTech is not located in the Down Under the Manhattan Bridge Overpass.