The Polytechnic Institute of New York University’s incubator in Dumbo, which subleases discounted communal workspace to tech startups, has produced its first graduate, Crain’s reported. TENDIGI, an iPad and iPhone app developer for various industries that was one of the first starups selected for the program, has grown to six employees and left the 20 Jay Street incubator for its own space on Jay Street.
NYU-Poly opened its first incubator on Varick Street in 2009 as part of a partnership with the city’s Economic Development Corp. and Trinity Real Estate. It then opened its second Dumbo location nearly one year ago through a partnership with the EDC and Two Trees Management.
“In 2008, at the height of the financial crisis, the mayor and the EDC took a good, hard look at the city’s tech ecosystem and said, ‘How can we help to develop this and also diversify the city’s economy?’ ” Micah Kotch, NYU-Poly’s director of incubator initiatives, said.
Currently their are about 18 startups left in the Dumbo incubator, which is home to about 35 desks. [Crian’s] —Christopher Cameron