Business development / Incubators

DC’s 1776 expands, again

The incubator is launching a campus in Brooklyn.

Inside 1776. (Photo by Flickr user Ted Eytan, used under a Creative Commons license)

15th Street-based incubator and seed fund 1776 is making quick moves with that $7.2 million investment it secured recently for the purpose of ramping up. After announcing its first international campus in Dubai in April, the company announced yet another new location in Brooklyn on Thursday. The news was first reported by CNN (huh, wonder how that happened).

The new campus, which will be on the top floor of Building 77 in the Brooklyn Navy Yard, joins a growing roster of 1776 spaces — in downtown D.C., in Crystal City, in San Francisco and now in Dubai and New York.
New York City has invested $100 million in Building 77 in the hopes of revitalizing the area, an ambitious project Brooklyn has covered in depth. Now 1776 will play a roll in that as the building’s “anchor tenant.”
“Once again, New York City is showing the world what inclusive, meaningful entrepreneurship and economic development looks like,” NYC Mayor Bill de Blasio said in a statement. “Partnering with 1776 at the Navy Yard is a big step toward achieving our goal of making our city the global capital of the new innovation economy.”
One of 1776’s more recent hires, Rachel Haot, will oversee operations in New York. She previously served as the chief digital officer and deputy secretary for technology of New York State.

Companies: 76 Forward

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