The Brooklyn Navy Yard Development Corporation's mission is to fuel New York City's economic vitality by creating and preserving quality jobs, growing the city's modern industrial sector and its businesses, and connecting the local community with the economic opportunity and resources of the Yard. The Yard is now home to over 400 businesses employing more than 10,000 people and generating over $2 billion per year in economic impact for the city. Building on the Yard's history as the economic heart of Brooklyn, the 300-acre waterfront asset offers a critical pathway to the middle class for many New Yorkers.
SFC Innovate will be home to Ikove’s newly launched FinTech Startup Nursery and serve as a launchpad for Ikove’s technology portfolio. Launching an internship program with SFC, Ikove will hire student interns to help with business development. Ikove Venture Partners is a venture development company founded to pursue early stage investments with an emphasis on technology commercialization. Through its proprietary Startup Nursery, in partnership with multiple U.S. research institutions, Ikove identifies and validates developing high-impact technologies, providing capital and resources to bridge the commercialization gap between lab and market. Over the last three years, Ikove has successfully launched 10 technology companies and created over $100M in equity value through its Startup Nursery.
Industry City is a 6 million-square-foot mixed-use complex comprised of 16 buildings spanning 35 acres on the waterfront in Sunset Park, Brooklyn. The property’s ownership – led by Belvedere Capital, Jamestown and Angelo Gordon & Co. – is transforming the complex, while cultivating a diverse tenant mix that fuses today’s burgeoning innovation economy with traditional manufacturing and artisanal craft. To date, the transformation has included over $250 million of infrastructure improvements, the addition of destination courtyards, experience-driven dining, retail and other amenities and event programing. This work is paving the way toward a vibrant and diverse community of forward-thinking companies that support good-paying jobs for workers across skill and experience levels. Since the new partnership was forged in August 2013, businesses based at Industry city have grown by an average of 100 jobs per month, increasing employment from 1,900 jobs in 2013 to 7,000 jobs today.
