The DUMBO Incubator leverages 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—earning the nicknames “Digital District,” “Silicon Beach,” and “Brooklyn’s Madison Avenue.” To meet growing demand in the area, NYCEDC 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 three 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.