Modern Meadow to leave Brooklyn for Jersey, but will keep R&D in New Lab - Technical.ly Brooklyn

Business

Aug. 18, 2017 7:53 am

Modern Meadow to leave Brooklyn for Jersey, but will keep R&D in New Lab

But the biofabricated leather company will keep an R&D studio at New Lab.

Modern Meadow founder Andras Forgacs shows off some synthetic skin.

(Image via YouTube)

Correction: Modern Meadow's leather is not synthetic, as was previously reported, it is biofabricated. The story has been updated. (8/21/17, 10:04 a.m.)

One of Brooklyn’s largest tech firms is shipping off to the lush pastures of New Jersey, lured by abundant space and a generous tax break.

Modern Meadow announced this week it will move its headquarters from Sunset Park to Nutley, N.J., not far from the Meadowlands. The company said it will take more than 70,000 square feet there, to go along with a Grow NJ tax credit worth up to $32 million.

Modern Meadow is a “biofabrication company.” Its principal product is leather grown on a petri dish rather than on a cow.

To date, Modern Meadow has raised $53.5 million, including a massive $40 million round last year.

The company will retain a Brooklyn presence, with an applied research studio at New Lab, the manufacturing and design campus at the Brooklyn Navy Yard.

Organizations: New Lab, Brooklyn Navy Yard
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Inside the Brooklyn factory building stackable homes

Researchers develop breakthrough 3D-printed foam at NYU Tandon

Nooklyn wants to find your next apartment

SPONSORED

Brooklyn

You can win up to $360,000 at the WeWork Creator Awards

New York, NY

Ford Foundation

Technology Fellow

Apply Now

Publicly traded company AECOM takes space in Industry City

Planning org: If the rent is too high, repeal housing caps

Meet Lunewave, an Urban-X company that’s making a new sensor for driverless cars

SPONSORED

Brooklyn

Explore how diverse teams build dynamic products with Dev Bootcamp

Sign-up for daily news updates from Technical.ly Brooklyn

Do NOT follow this link or you will be banned from the site!