Modern Meadow, a tissue engineering lab that grows test-tube leather and in-vitro meat, is in negotiations to open a facility in Brooklyn, New York, according to NY Daily News.

A report by Crain's New York said the Missouri-based startup is looking to lease space at the BioBAT research park. The company hopes to be settled in New York by summer. In addition, the firm says it will be producing authentic leather derived from animal biopsy within two years, the report detailed.

Chief Executive Andras Forgacs said: "We grow genuine leather without having to kill animals or wreck the environment. And we can dial in certain performance and aesthetic qualities that are appealing to high fashion."

The biotech startup is planning an even more advanced experiment, which is the production of in vitro meat. The said meat shall be similar to regular pork of beef, but it will be produced without the need to slaughter an animal, the report explained.

Forgacs said moving to New York is part of the firm's strategy to offer its products to fashion and restaurant companies in the area, NY Daily News reported.