Join the STANLEY+Techstars Demo Day on October 7

Claudia Reuter

7 years ago

In 2017, industry leader Stanley Black & Decker, extended its corporate innovation footprint by developing a partnership with Techstars. That partnership launched the start of a multi-year accelerator program. In 2018, Techstars accepted 10 companies, all of which had a focus on additive manufacturing, into the program. All of the companies received $120,000.00 in funding, and the full lifetime benefits of Techstars participation including over $1M of resources. Many of the companies have gone on to raise additional capital, with the total amounts raised post-program currently exceeding $8M, and four of the companies have made a decision to build a longer term presence in Connecticut.

With the successes, and continued progress of the companies from 2018 in mind, leadership from Techstars and Stanley Black and Decker worked to thoughtfully approach the 2019 program to ensure the results were just as strong, if not stronger in the second year.

To that end, the aperture for the program was broadened to include companies working under the umbrella of advanced manufacturing, with a focus on additive manufacturing and sustainable solutions for packaging. In 2018, Stanley Black and Decker signed a pledge with the Ellen MacArthur Foundation committing to combat plastic pollution.

The 2019 STANLEY+Techstars class is an inspiring collection of companies with founders focused on transforming industries, and creating sustainable solutions.

The accelerator received applications from over 30 countries and accepted those from Spain, Germany, India, Texas, New York, Boston, and California. As STANLEY+Techstars Managing Director, Claudia Reuter described “ We’re thrilled to share that while in venture investing, statistics indicate that only approximately 3% of funding typically goes to female led companies, this year nearly half of our companies have a female founder. All of the 10 companies we selected are exceptional and have the potential to disrupt industries and change the world for the better.”

You can register here to join and learn more about the companies at the STANLEY+Techstars Demo Day on October 7, 2019 in Hartford, CT. This is an event not to be missed.