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!
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!
December 8, 2016
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.”
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!
Thursday, October 6, 2016
Chestnut Innovation Center will host a SolidWorks training session, presented by CADD Edge at the 11 Chestnut St. Café, Amesbury, MA on Thursday, October 6th at 12:30pm.