NYCEDC Launches Urban Tech NYC to Support Companies Building Smart And Sustainable Cities

City of New York to Bring 100,000 Square Feet of Space, Prototyping Equipment, and Shared Resources to Two Locations in Brooklyn and Manhattan

New York City Economic Development Corporation (NYCEDC) today announced UrbanTech NYC, a comprehensive program to help entrepreneurs and innovators address New York City’s most pressing urban challenges in sectors such as energy, waste, transportation, agriculture and water. In partnership with New Lab and Grand Central Tech, NYCEDC has committed up to $7.2 million to create two Urban Technology Growth Hubs in Brooklyn and Manhattan, which will open in the summer of 2016. The Hubs will activate approximately 100,000 square feet of flexible and affordable space, as well as provide dedicated resources for fast-growing cleantech and smart cities companies that have outgrown business incubators, accelerators and other early-stage programs. NYCEDC also continues to provide space and resources to early-stage cleantech and smart cities through the Urban Future Lab, which houses the ACRE incubator run by the NYU Tandon School of Engineering. 

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