It’s been a year since STANLEY+Techstars announced its first Accelerator program in Hartford. Since then, many companies from the first class, which focused solely on additive manufacturing, have already been making an impact and have gone on to expand and raise additional capital. Four are also making a presence in Hartford.
“We’ve had time to assess the program’s focus, and we’ve expanded our efforts to work with companies across the advanced manufacturing vertical, with an emphasis on those working on innovations in additive manufacturing and sustainable packaging,” explains Claudia Reuter, Managing Director for the Stanley+Techstars Additive Manufacturing Accelerator.
STANLEY+Techstars took time to assess the program’s focus and has expanded its efforts to work with companies across the advanced manufacturing vertical, with an emphasis on those working on innovations in additive manufacturing and sustainable packaging. In 2018, Stanley Black & Decker signed a pledge with the Ellen MacArthur Foundation to “help build a more sustainable world.” They are energized to adjust the program to work with startups that also share that goal.
In selecting this year’s class, STANLEY+Techstars viewed applications from more than 30 countries and accepted companies from Spain, Germany, India, Texas, New York, Boston, and California.
While in venture investing broadly, statistics indicate that only approximately 3% of funding typically goes to female-led companies. “I’m thrilled to share that this year nearly half of our companies have a female founder,” says Claudia. “Each of the 10 of the companies we selected are exceptional and have the potential to disrupt industries and change the world for the better. So, I couldn’t be more excited to welcome them all to Connecticut for the next 13 weeks,” she adds.
The 10 companies selected for the 2019 STANLEY+Techstars Accelerator are:
Manufacturing large-scale 3D printers that print 10 times faster than the market standard
Creating robotic, instant, right-size packaging for e-commerce fulfillment
Building sustainable products for packaging from waste crop residue
Making bio-based lubricants, cleaners, and absorbents
Providing molecularly fresher ingredients in more sustainable packaging
Developing the next generation of electronics manufacturing
Created AMCELL, the first automated industrial hybrid AM machine for mass production
Focusing on building the next generation of power tools
Providing customized filaments for FDM printers on demand
Making access to 3D tech available through an AI-powered platform that generates, interacts with, and makes objects