Gotham Foundry: NYC’s new hub for green tech, startups and jobs
Gotham Foundry is an innovation hub for sustainable materials research and commercialization. Its main target is to support early-stage and technology companies. It aims to reduce industrial waste and pollution in industries such as biodegradable bio-plastics, food, textiles and fashion made from various products, packaging, and medical devices. Also, it aims to encourage innovation in renewable materials with a circular life cycle.
The center is a collaborative academic-industrial hub. It brings together top universities, research centers, and community labs to drive interdisciplinary innovation in sustainable materials, and creates a unique environment for commercialization. At the same time, it is working to maximize resource efficiency.
Gotham Foundry will support a new generation of research and entrepreneurship, generating billions of dollars in economic output for the City, creating high-quality career opportunities for New Yorkers and catalyzing transformative change across industries—from construction to fashion to healthcare—in the process.
Andrew Kimball, NYCEDC President & CEO
The initiative is expected to generate $5.14 billion in economic output over the next 30 years, while also creating high-quality employment and workforce training opportunities for New Yorkers.
LifeSci NYC focuses to create millions of jobs at once. The center is a key part of New York City’s broader Green Economy Action Plan and the LifeSci NYC initiative.
The center will impact a wide range of industries, including fashion, healthcare, packaging, and more. This initiative emphasizes equity. It provides workforce development and entrepreneurship training.
It will serve as a catalyst for global leadership. With the global sustainable materials market projected to reach $800 billion by 2032, Gotham Foundry positions New York City as a model.
Download Our Free Magazine
Get Industry Insights, Trends & Latest Innovations in the Textile & Apparel Industry
