NYU Polytechnic University, which recently planted the Greenwich Village institution’s purple flag at Metrotech, has another outpost in the works in DUMBO. In partnership with the city’s Economic Development Corporation and local real estate czars Two Trees, it will oversee a new high-tech business incubator at 20 Jay Street.
At the new 6,500 square foot facility provided at a below-market rate by Two Trees on the third floor of 20 Jay, NYU-Polytechnic will provide equipment, programming, as well as “free business, legal and technical advice” for up to about 15 companies, the Brooklyn Eagle reports. The city’s EDC is chipping in with $250,000 in seed money. The new incubator space’s emphasis will be on digital media, not surprising given DUMBO’s 800-strong digital workforce, and hilarious designation as “Silicon Beach” by the Post.
For NYU Polytechnic the move makes a lot of sense, as it continues to court construction of its own space in or around Downtown Brooklyn. At first the school was the main component in a plan several years ago to renovate the historic Empire Stores on Main and Water streets in DUMBO—a plan since abandoned, especially now that the 19th century building is part of Brooklyn Bridge Park. More recently NYU has unveiled its very tall plans for the centerpiece of its planned Polytechnic campus just a few blocks south of the new incubator space, at 370 Jay Street.
In the meantime, no word yet on when incubator space will launch at 20 Jay Street, but as former occupants of the floor below, we can offer them this advice: bring ear plugs, there will be lots of barking dogs.