New impact study credits NYU-Poly incubators with $60 million in raised capital, $251 million in economic activity, and 900 jobs since 2009

Since 2009 the three three incubator programs operated by NYU-Poly have helped startups raise $60 million capital, generated $251 million in economic activity, and created 900 jobs, according to a new impact report released by NYU-Poly in conjunction with the fourth anniversary of the Varick Street incubator. NYU-Poly also operates an incubator in DUMBO and a NYSERDA-sponsored NYC ACRE cleantech incubator co-housed with Varick Street, and will open a new facility in downtown Brooklyn soon. 

The impact study, which involved extensive field interviews with incubating and graduated companies across NYU-Poly’s two sites and three programs, found that the NYU-Poly incubators deliver six categories of benefit:

  • Drive significant economic activity
  • Foster production of ground breaking technologies in diverse industry sectors
  • Benefit businesses through public/private participation and access to academic resources
  • Strengthen NYU-Poly academically
  • Create jobs
  • Help start-ups raise capital

For more information read the full study at this link, or read a summary in the university news release, or see what Bloomberg BusinessWeek had to say. A full presentation is here and also attached.

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