ARE YOU A MANUFACTURER? OR A STARTUP?
The Greentown Labs Manufacturing Initiative is pilot program sponsored jointly by MassDevelopment and the Massachusetts Manufacturing Extension Partnership (MassMEP) with the goal to help more hardware startups build their products locally. To that end, the Manufacturing Initiative connects startups with local and regional manufacturers to break down barriers and establish working relationships. Launched in November 2014, the Greentown Labs Manufacturing Initiative has identified more than 80 manufacturers eager to work with startups, and has facilitated 24 partnerships through its efforts.
STRATEGIC PARTNERSHIP INITIATIVE
EVERYONE BENEFITS IN A PARTNERSHIP
Collaboration between early-stage innovators and large corporations can dramatically improve the odds of bringing transformative energy innovations to market. For energy startups, learning how to navigate a potential corporate partner’s organizational structure and build an effective value proposition or partnership strategy requires deeper understanding of these potential customers. On the other side, large corporations scout widely for startups of strategic interest, but there can be challenges that come from the product being developed in isolation from market applications. By partnering with startup companies, large corporations improve their chances to create new products and open market opportunities.