A new cleantech incubator, the Clean Technology Entrepreneur Centre, is announced for New York City.
The Clean Technology Entrepreneur Centre, a new cleantech incubator, has been announced by the New York City Economic Development Corporation (NYCEDC) and New York University’s Polytechnic Institute.
The new incubator will be based in the city’s Brooklyn Tech Triangle, and will offer space to startups from this autumn. The NYCEDC will also offer seed funds of $750k over two years.
In a statement, the NYCEDC said: “While clean technology has historically been dominated by capital-intensive, manufacturing-led segments, technology and market trends are creating a new segment of the market. “Green 2.0″ represents digitally-enabled products and services that use information, data and technology to address environmental, energy and resource constraints. Leveraging the City’s leadership in software, finance, analytics and media, the Center will support the growth of next-generation clean technology businesses, helping make New York City a leader within this fast-growing segment.”
New York now has 14 business incubators either operating or on the horizon, and has over 600 startups in residency with a total of $100m in venture funding.
