NYU-Poly’s DUMBO Incubator About to Hatch
NYU-Poly is inviting all interested technology and digital media entrepreneurs and start-ups to an Incubator Open House, co-hosted by the DUMBO Improvement District, on Thursday, December 15 from 5:30pm-8pm. The Open House will be a chance to come by to learn about the programming plans, ask questions about the application process and mingle with other enterprising minds.
NYU-Poly’s plans for the DUMBO Incubator include space for 30 plus entrepreneurs focused on digital media and community meeting spaces. The competition for a seat at the new incubator is expected to be intense, and once in the door – the intensity only increases, as start ups will be required to go through rigorous review processes – including monthly cash flow presentations where they have to defend their strategies and implementation practices.
We asked Jerry Hultin, President of NYU-Poly, who will head up the Incubator launch, to describe what they are looking for in a start-up: “We are looking for entrepreneurs who can benefit from being part of our incubator. If we can positively impact the success of an entrepreneur through our program whether it’s because of the access to our faculty expertise, our student talent, and/or our reach into networks in Brooklyn, New York City, and indeed, the global community, we welcome that opportunity to be of service.”
“DUMBO has long felt like it’s own incubator for digital media – with major creative agencies, small design shops, and dozens of digital production houses. You might say that we’re about to make it official!” said Alexandria Sica, Executive Director of the DUMBO Improvement District. “We are incredibly excited for the arrival of the DUMBO Incubator, the presence of NYU-Poly and the new batch of DUMBO success stories that will surely come out of this space. I know the whole community will join us in welcoming NYU-Poly to the neighborhood.”
Will all the blood sweat and competition be worth it? You don’t have to look beyond DUMBO to find out: Wind Analytics, a green energies technologies firm based out of 20 Jay Street, graduated from NYU-Poly’s incubator in Soho before setting up shop in DUMBO. According to CEO Russ Tencer, “It was a great experience starting out based in the NYU-Poly incubator in SoHo. We had great, low cost space, access to NYU resources, and we received more attention from investors and the media because of it, which doesn’t hurt.”
Those interested in attending the December 15 Open House should RSVP to firstname.lastname@example.org.