A Very Brooklyn Incubator
Urban Future Lab, wants to do more than design better dating and delivery apps – it’s on a mission to revolutionize New York City’s energy infrastructure. The new tech startup incubator, which is a project from NYU Polytechnic School of Engineering and NYCEDC, opened its doors this morning in the heart of the Read More
Multiple sources have told Betabeat that IAC shuttered Hatch Labs–its incubator for building mobile tools, apps, and platforms–on December 31st. Hatch Labs closed both its fifth floor offices in the IAC building on 18th street and in Los Angeles.
“After exploring several strategic options for Hatch Labs, IAC stopped investing in the company, and their operations were subsequently discontinued,” IAC said in response to questions. “IAC is still funding and exploring options for a few of the assets that came out of Hatch Labs.”
Hatch Labs’ New York space is already occupied by other IAC entities. (The only exception is Blu Trumpet, which was spun out as an independent company in 2011, but remains in the Frank Gehry building.) When we stopped by the office last May, it had all the accoutrements of your standard startup accelerator, including a ping pong table and drawers full of free snacks.
Oh no, did you forget to send Silicon Valley Bank an anniversary card? The financial firm is celebrating the 10th anniversary of its New York office this week and they’re using the occasion to tout the New York branch’s new emphasis on pre-funded early stage startups.