The Urban Future Lab opened Thursday in Downtown Brooklyn, a new incubator focused energy and infrastructure innovation.
The incubator founders say their companies will create 9,000 jobs by 2025. For example, on the front page of its website now, its showcasing The Grid Edge, an initiative focused on the modernization of the electrical grid.
The lab will also serve as a training ground for the next generation of school teachers and area children, with an expected 50 teachers to receive training there each year.
“The future is now in Brooklyn, and we are poised to lead. In that spirit, I congratulate the New York City Economic Development Corporation and New York University on the occasion of opening the Urban Future Lab,” said Brooklyn Borough President Eric Adams. “This business incubator will advance our efforts to improve educational programming, employment opportunities and energy efficiency in our borough. The Urban Future Lab is proof positive that innovation begins in Brooklyn.”
NYCEDC identified the need to create an incubator like the Urban Future Lab in 2013. The 10,000 square foot space is located at 15 Metrotech Center. It includes 2,000 square feet of demonstration space. The expected max capacity for companies in the space is 20.
“This incubator is a leading example of how strong partnerships among the City, academia and the private sector can promote entrepreneurship and facilitate cutting-edge research and education,” said NYCEDC President Kyle Kimball. “The Urban Future Lab will provide much-needed affordable space, training and resources for talented entrepreneurs and school children alike to design solutions to global urban problems.”
The Urban Future Lab is the NYU School of Engineering’s latest space to support cleantech, but not the first. It also includes NYC ACRE and PowerBridge NYC. The space, which will be managed by a team led by incubator veteran Micah Kotch, will be leverage resources of its university partners but can house any relevant early-stage company.