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Fund Investment ‘New Lab’ Opens at Brooklyn Navy Yard

Fund investment, New Lab, opened its doors for the first time this week, providing a professional base and support for 350 people, across 50 independent companies.

New Lab covers 84,000 square feet and is a breakthrough ecosystem of shared resources where entrepreneurs, engineers, designers, and academics—in fields such as artificial intelligence, robotics, and connected devices—can take their ideas from concept to prototype to production all under one roof.

David Belt and Scott Cohen, the founders of New Lab, were joined by Brooklyn Navy Yard President & CEO David Ehrenberg and leaders from the city and state government, as well as civic stakeholders and entrepreneurs, to mark the opening.

Maria Gotsch, President & CEO of the Partnership Fund for New York City said: “Digital manufacturing in New York City has the potential for major growth, and New Lab is exactly the catalyst we need to accelerate the industry. New Lab will help create 21st century manufacturing jobs and be an important anchor for the Brooklyn Navy Yard. The Partnership Fund is proud to have played a role in getting this project off the ground, and we look forward to seeing New Lab become the focal point of New York City’s emerging digital manufacturing industry.”

For more information visit http://newlab.com/.

Ribbon Cutting at Brooklyn Navy Yard for New Lab