Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Leo Schwartz

How Newlab transformed the Brooklyn Navy Yard into a leading tech hub

wide angle shot of Newlab's New York hub, an airy building with elevated office and desk space and people walking on a polished concrete walkway (Credit: Courtesy of Newlab)

The Brooklyn Navy Yard is a microcosm of New York history. First established by President John Adams in 1801, the grounds birthed the ship that lay the first undersea telegraph cable and the ironclad USS Monitor during the Civil War. The Yard swelled to a peak of 70,000 workers during World War II before Secretary of Defense Robert McNamara closed it in 1966, with all remaining shipbuilders laid off by the next decade. After fits and starts, the area saw a rebirth under Mayor Bloomberg. Today, it’s home to a state-of-the-art movie studio complex, the city's oldest whiskey distillery, and the technology center Newlab. 

Newlab is hard to describe. It’s a venture investor across a variety of what it describes as “critical technology” sectors, such as energy and mobility. It’s what a WeWork might look like if Adam Neumann were handy—a massive space for startups complete with carpentry workshops, science labs, and 3D printing rooms. And it’s a consulting business that helps companies like Verizon commercialize moonshot ideas. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.