Incubator 1776 Coming To NY To Help Entrepreneurs Navigate Regulatory Landscape
The Brooklyn Navy Yard has a new anchor tenant.
Washington DC-based startup incubator and seed fund 1776 is taking 30k SF at the Navy Yard’s Building 77, and plans to open its doors sometime next year.
The incubator specializes in helping startups based in heavily-regulated industries like transportation, financial services, energy and education, CNN Money reports. They currently have offices in DC and Dubai.
To help small firms navigate the regulatory landscape, 1776 tries to get its entrepreneurs acquainted early on with the regulators and key industry players in their respective fields, to help minimize nasty surprises down the line.
If New York’s contentious history with startups like Airbnb and Uber is any indication, the approach should serve stakeholders on both sides of the aisle well.
“The hard problems are hard because they’re regulated,” Donna Harris, a 1776 co-founder and co-CEO, tells CNN Money. “We’re doing this because this is where the next wave of innovation is going to happen.” [CNN]