NYC Funds Tech Incubator in Brooklyn
Grant to help foster more startups in Dumbo
Dumbo, already a booming digital scene, is getting a boost from local government.
New York's Economic Development Corporation has committed $250,000 to fund an incubator for technology startups in the Brooklyn neighborhood, Mayor Michael Bloomberg announced Thursday.
New York University’s Polytechnic Institute will run the incubator, which will provide discounted office space for entrepreneurs, as well as services like educational workshops and business counseling. Two Trees Management company, a local developer, is providing the real estate to NYU-Poly at a heavily discounted rate—$3.50
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