ACTION Events and Member News

SUP46 in Stockholm, Sweden

July 12, 2017

On a recent trip to Stockholm, Sweden, ACTION's Executive Director, Joan Popolo, had the opportunity to visit SUP46 business incubator. Magnus Rehn, a management consultant and business coach focused primarily on cleantech and sustainability at STING (Stockholm Innovation and Growth), kindly provided a tour of the incubator located in central Stockholm. STING has offices in three locations in Stockholm, one of which is SUP46, and supports both incubator and accelerator programs. SUP46 currently lists over 60 member companies.

THINGS, located at a separate Stockholm location in a four-story, 2,000 square meter building provides co-working space for 30-40 start-ups working on innovative hardware-based technologies, including IoT, wearables, medtech, 3D scanning/printing and smart grid technologies. THINGS members have access to prototyping and testing capabilities and partnerships with some of the most successful and innovative export companies in Sweden. Stockholm Makerspace is co-located in the building with THINGS.

STING’s HQ is located in one of the world’s leading IT clusters, Kista Science City, in Stockholm, located between central Stockholm and Arlanda airport. Internationally, the region is often compared to Silicon Valley, Bangalore, India and the Multimedia Supercorridor in Malaysia.

Thanks to Magnus for his hospitality!

Three ACTION Member Companies Announce Exits

May 15, 2017

It's not often that company exits are reported from incubators, given the relatively long timeline necessary for technology startups to build, grow, and commercialize their companies. Recently, two acquisitions and one IPO have been announced from companies that had been resident in and graduated from our ACTION members' incubators.

Director, Toby Stapleton of University of Massachusetts, Dartmouth's Center for Innovation and Entrepreneurship (CIE) is pleased to announce that Ocean Server Technologies, a former CIE Tech Venture Company (TVC), has been acquired by L3 Technologies. Ocean Server began at the CIE and graduated in September 2016. Read More.

Aquabotix, another former TVC company, went public on the Australian Securities Exchange, selling out its initial public offering of stock in one day and raising money for the company's expansion in Fall River, MA. This makes Aquabotix the only publicly-traded company making underwater drones. Read More.

In March, Arctic Sand Technologies, a graduate of North Shore InnoVentures, announced its acquisition by Peregrine Semiconductor. Arctic Sand’s technology delivers industry-leading power conversion efficiency so that platforms for a variety of applications can be made thinner. Read More.

We congratulate these companies and our member incubators for helping to support their growth and success!

Three Massachusetts-based ACTION Members Poised for Expansion

January 10, 2017

This year brings exciting developments as three ACTION members expand their operations. North Shore InnoVentures (NSIV), UMass Lowell and Innovation Hub (iHub), and Greentown Labs all have exciting news to report!

Pierce Atwood Congratulates Via Science on Securing TEPCO Investment

December 8, 2016

Cambridge, Mass. – December 8, 2016 – Congratulations to Pierce Atwood client Via Science, Inc. on securing a minority investment by Japan’s largest electric power supplier, Tokyo Electric Power Company Holdings, Inc. (TEPCO). TEPCO’s strategic investment includes capital, as well as sharing subject matter expertise and data to improve the reliability and operating efficiencies of power suppliers and their customers through advanced software analytics applications.

Colin Gounden, CEO of Via Science, in an announcement regarding the investment, stated, “Analytics is critical to improving the operational efficiency of energy companies today and allowing them to stay ahead of regulatory and technological disruptions. TEPCO’s investment is a validation of Via Science’s leadership in causal analytics for applications such as identifying critical infrastructure that is at high risk for power outages, years in advance. We are truly honored to be their first venture investment in machine learning and analytics.”

ACTION Welcomes UMass Lowell Innovation Hub as a New Member

November 1, 2016

We are pleased to welcome UMass Lowell Innovation Hub as our newest business incubator member. For several years, ACTION has been an industry partner with UMass Lowell's Core Research Facilities, providing discounted fees to startups for highly specialized equipment use on campus. Now, Innovation Hub will be able to offer its startup companies the many benefits available through ACTION. Located in downtown Lowell's Hamilton Canal District, iHub provides access to dedicated office and desks, co-working spaces, meeting and event locations, a prototyping and fabrication lab, support services and much more. In addition, Innovation Hub's partnership with WorkBar, provides iHub members access to any of their co-working locations at no additional charge. Innovation Hub brings access to UMass Lowell's faculty and research resources, as well as collaboration with mentors and sponsors to share with other ACTION members. UMass Lowell's expertise in the areas of advanced materials, printed electronics, plastics and robotics will greatly enhance the resources available throughout the ACTION network. We look forward to working together!

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