Recent Press

Various media sources report on the first-ever event of its kind, Tech Triangle U. Tech all-stars Chad Dickerson (Etsy), Alexis Ohanian (reddit), Bre Pettis (MakerBot), and Aaron Shapiro (Huge), along with Manoush Zomorodi, host of WNYC’s New Tech City, helped kick off a week-long series of free events to connect the tech, creative, and academic communities in the Brooklyn Tech Triangle. In collaboration with Downtown Brooklyn’s colleges and more than 30 participating companies and incubators, Tech Triangle U took place from April 21-27 and featured an entrepreneurship symposium, mentorship hackathon, career panel sessions, and open office week.

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Various media sources report that New York City’s growing technology ecosystem has a broad impact on the city’s economy, generating more than half a million jobs, $50 billion in annual compensation, nearly $125 billion in annual output, and $5.6 billion in tax revenues. According to a report released by HR&A Advisors, about 291,000 people, or 7% of the city’s workforce, are employed in tech jobs. These include workers not just in the traditional tech industries, but also those in non-tech industries. The study also highlights developing tech company clusters such as the Brooklyn Tech Triangle, and recommends that the de Blasio Administration focus on supporting the tech industry, through education, workforce development, and infrastructure improvements. DBP President Tucker Reed has released a statement in support of the report’s recommendations.

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BetaBeat visits the offices of Urban Future Lab in Downtown Brooklyn. The recently-opened tech incubator, which houses over a dozen startups, is focused on clean tech and infrastructure. Energy efficiency is the main focus of Enertiv, one of the resident startups, which has developed both hardware and software that monitor energy usage. The collected data can then be uploaded to the cloud, where it is analyzed and charted, as can be seen on monitors throughout the space showing information about the incubator space’s own energy use.

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Downtown Brooklyn Partnership President Tucker Reed pens this op-ed for Business Insider, taking a look at the density of tech companies in the Brooklyn Tech Triangle and how they are interacting with each other to create an ecosystem that benefits the companies and the general public alike.

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Talented people want to work and live in urban places that are walkable, bike-able, connected by transit, and hyper-caffeinated. Major companies across multiple sectors are practicing “open innovation” and want to be close to other firms, research labs, and universities. Entrepreneurs want to start their companies in collaborative spaces, where they can share ideas and have efficient access to everything from legal advice to sophisticated lab equipment. These disruptive forces are coming to ground in small, primarily urban enclaves—what we and others are calling “innovation districts.”

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As you might suspect, most of the action takes place on Manhattan, between Lower Manhattan and Midtown. But those who are less attuned to NYC’s tech scene may have missed the recent surge in Brooklyn, where more than 100 companies including Etsy, Huge, and MakerBot cram themselves in just a few city blocks, paving the way for what’s been dubbed the Brooklyn Tech Triangle-or what I imagine as the Bermuda Triangle for all East Coasters under 30 who can code or design and like to ride a bike whenever they’re not sipping locally roasted single origin macchiatos.

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