Alicia Green, Deputy Mayor for Housing and Economic Development in NYC, recently announced the establishment of the VR/AR hub for business creation, education, investment, research and training. The NYU Tandon School of Engineering has been chosen to develop and operate this – the first ever government funded hub at a 15,000 square foot space in the Brooklyn Navy Yard.
Students will be able to prepare at these hubs for careers in both these sectors (Virtual and Augmented Reality). Meanwhile the NYCEDC (New York City Economic Development Corporation) together with (MOME) the Mayor’s Office of Media and Entertainment has invested $6 million into the incubator.
It is hoped that this will result in: the support of new ventures (equipment, infrastructure and workspace) to startups; create a citywide VR/AR talent pipeline; ensure that the area has the highest quality VR/AR research center through expertise of those from NYU, Columbia, CUNY, to expand technological advance in these fields; develop the VR/AR Community and activate innovation in the field.