Edison will follow the fictional exploits of a young Thomas as he works as a secret consultant to the New York police force, Deadline reports.
Described as "the original Tony Stark", Edison will use gadgetry and his scientific knowledge to solve complex crimes.
John Shiban (Breaking Bad, Torchwood) will oversee the project, written by Daniel C Connolly of A&E's Longmire.
Starz is developing a series about a young Leonardo Da Vinci, with Da Vinci's Demons set to air on FX in the UK.
Last season, ABC filmed a pilot for Poe - which saw gothic author Edgar Allen Poe reimagined as a youthful crime-fighter - but the project was not picked up to series.
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Watch a teaser for Da Vinci's Demons below: