Incubators are a key engine of NYU-Poly's strategy of I2E: innovation, invention and entrepreneurship. In 2009 the University partnered with the New York City Economic Development Corporation to open the Varick Street Incubator as part of Mayor Bloomberg's 11-point Economic Opportunity Plan. With a focus on mobile, digital media, fintech, and gaming, incubators are located at 137 Varick Street in Hudson Square and 20 Jay Street in DUMBO, Brooklyn. Co-located resources at the incubator include NYC Seed and Brooklyn Bridge Ventures. The University also operates the New York City Accelerator for Clean and Renewable Energy (NYC ACRE) with the support of the New York City Investment Fund and the New York State Energy and Research Development Authority. Since their inception, the incubators have generated $251 million in economic activity, creating more than 900 jobs, and contributing $31.4 million in local, state, and federal tax revenue. Five graduates of the incubator were acquired by larger companies for more than $50 million.
More information about the Poly incubators