Monday June 17, 2019

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#NYCTech Shows Increase in Incubators

Downtown New York

Downtown New York (Photo credit: sreevishnu)

The NY startup scene is growing and, according to research done by Crains, NYC is now home to 46 co-working spaces, 30 incubators, and 14 accelerator programs. The total city funding for launched incubators in NY is over $3.5 million.

New Work City, an incubator which began in 2008, now has over 150 freelancers, students, and hackers working at it’s new location. Incubators like New York City and NYU Polytechnical Institute‘s Varick Street Incubator, are providing low-cost office space and mentors for these early-stage startups. Although most incubators focus on technology, man are expanding into other industries as well.

Crains New York Business