Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Greentown Labs Expands Global Center for Cleantech Innovation in Somerville, Massachusetts

05/10/2018
Greentown Labs opened its Global Center for Cleantech Innovation at 444 Somerville Avenue in Somerville, Massachusetts. The 100-year-old, fully renovated facility has expanded Greentown Labs into a 100,000 sq. ft. campus that's home to 80 member companies, cementing the incubator's position as the largest hardware-focused cleantech incubator in the United States.

The Global Center for Cleantech Innovation is immediately adjacent to the incubator's previous headquarters at 28 Dane Street which will be fully converted to laboratory space. The Greentown Labs campus now provides its members with prototyping lab space, a wet lab, a machine shop, electronics shop, office space for more than 450 entrepreneurs, a 500-person event space, and a variety of flexible membership options.

Greentown Labs' former headquarters reached capacity within one year of its opening in 2013 and the incubator was forced to begin a waitlist of startups eager to join the community.

"Ever since our grassroots beginnings, Greentown Labs has maintained one mission: to support cleantech startups with the community and resources they need to thrive," said Greentown Labs CEO Dr. Emily Reichert. "In 2015 we knew that after maintaining a waitlist for nearly two years we needed to expand our offerings and facilities in order to not only support our region's clean energy ecosystem but to serve as a global convener of cleantech innovators and entrepreneurs."

Greentown Labs was founded in 2011 by four companies that simply wanted to split the cost of rent and quickly became the largest hardware-focused, cleantech incubator in the United States. According to company officials, less than seven years later, Greentown Labs' member companies have collectively created more than 1,000 jobs, raised more than $340M in funding, and created more than $335M in regional economic output.

The facility was made possible through the support of Greentown Labs' Founding Sponsors, Shell, Saint-Gobain, BASF, DSM, Foley Hoag, Johnson Controls Inc., and Air Liquide; and financing partners East Boston Savings Bank, Boston Community Capital, Massachusetts Clean Energy Center, MassDevelopment, and the City of Somerville. The Global Center was designed by Silverman Trykowski Associates.

Article Discussion

Follow Area Development

Share