The DUMBO Incubator will leverage the neighborhood's digital and tech community and expertise to offer affordable workspace and business guidance to new tech entrepreneurs and startups in the City.
Formerly a manufacturing area, DUMBO has become an established hub for New York City technology and digital media startup businesses – forming New York’s “Digital District” and “Silicon Beach,” as well as “Brooklyn’s Madison Avenue.” To meet growing demand in the area, NYCEDC has partnered with NYU-Poly and Two Trees Management to launch a tech startup incubator in DUMBO in 2011.
Located at 20 Jay Street, the DUMBO Incubator caters to technology-focused entrepreneurs from across various industries, including financial services, media, green, bioscience, and fashion. Tenants are able to use approximately 30 dedicated workstations and additional co-working stations, as well as access educational programming and services, such as business counseling sessions, workshops, and networking events.
NYCEDC provided a $250,000 grant to establish the incubator. NYU-Poly the facility operator leased the incubator space for 3 years from Two Trees Management, which provided the space at a discounted rate. NYU-Poly is currently the operator of the Varick Street Incubator, the first City-sponsored incubator for high-tech startups that launched in 2009.
If you are interested in more information, please visit the NYU-Poly DUMBO Incubator website.