Cleantech Center Established in Lynn, Mass

Oct 26 2009 | 10:08am ET

Local businesspeople hoping to ride the current wave of interest – and investment – in cleantech have established a cleantech incubator in Lynn, Massachusetts.

The Cleantech InnoVenture Center (CIVC) will be run by North Shore InnoVentures (NSIV), a non-profit corporation established by the leadership of the North Shore Technology Council (NSTC). The NSTC is a non-profit business association that focuses on the needs of technology industries and companies located or active north of Boston.

Magniture Systems, a company dedicated to reducing energy use in large buildings, has signed on as the center’s first resident and the center says it is close to accepting several other startups.

In addition to low-cost space, the InnoVenture Center will provide technical services and research capabilities, thanks to a relationship with MIT’s Fraunhofer Center for Sustainable Energy Systems.

Cleantech InnoVenture CEO Eric Graham is an incubator director at Fraunhofer, which works with businesses to develop energy efficiency technologies and renewable energy industries.

The CVIC is associated with another NSTC interest group, the Sustainability Forum, bringing together members interested in cleantech and alternative energy development efforts in the region.

The CVIC is “going to be successful,” according to Massachusetts Rep. Stephen Lynch, who told guests at a breakfast meeting to announce the center that it enjoys the support of the city, the state and private industry and will “help bring cleantech jobs to the North Shore.”


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note