NEW BRITAIN, Conn.,
July 15, 2019 /PRNewswire/ -- Stanley
Black & Decker (NYSE: SWK) and Techstars, the worldwide network
that helps entrepreneurs succeed, today announced the participants
of the second-annual STANLEY+Techstars Accelerator.
This year's class includes 10 companies from around the globe
who are focused on additive manufacturing and on developing
sustainable packaging solutions. This year's addition on
sustainable packaging reflects Stanley Black & Decker's
commitment to "help build a more sustainable world" as part of its
partnership with the Ellen MacArthur Foundation.
"We reviewed applications from 30+ countries and have accepted
companies from Spain, Germany, India, Texas,
New York, Boston and California," said Claudia Reuter, managing director of the
STANLEY+Techstars Accelerator. "I'm also thrilled to share that
nearly half of our 2019 program companies have a female founder,
particularly since roughly only 3% of venture funding typically
goes to female-led companies. Each of the 10 companies we have
selected are exceptional and have the potential to disrupt
industries and change the world for the better."
The 2019 STANLEY+Techstars class includes:
- Accelerate3D - Manufactures large-scale
3D printers which print 10X faster than the market standard
- CRASTE - Builds sustainable products
for packaging from waste crop residue
- Boxologic - Creates robotic, instant,
right-size packaging for e-commerce fulfillment
- NVEarth - Produces bio-based
lubricants, cleaners and absorbents
- OCCO - Provides molecularly fresher
ingredients in more sustainable packaging
- Prinsta - Develops the next generation
of electronics manufacturing
- Triditive - Developed AMCELL, the first
automated industrial hybrid AM machine for mass production
- Tuffel - Focuses on building the next
generation of power tools
- Umeleon - Provides customized filaments for FDM
printers on demand
- WOMP - An AI-powered platform for
generating, interacting and making objects
These 10 startups are co-locating to Stanley Black &
Decker's new Advanced Manufacturing Center of Excellence –
Manufactory 4.0 – located in Hartford,
CT for the next several months. The accelerator will
culminate with a special Demo Day on October
10, 2019 that will be open to the public.
"Additive manufacturing is one of the most important areas of
technological transformation today and has the potential to
influence the future direction of the industries in which our
businesses operate," said Marty
Guay, Vice President, Business Development at Stanley Black
& Decker. "At the same time, there is a tremendous need to
eradicate waste and pollution driven by plastic packaging around
the world. Between these two categories, we hope to see these
startups challenge the status quo and bring new ideas and
technologies to fruition. We're proud to help provide the
accelerator and the platform to do so."
The STANLEY+Techstars program helps emerging companies build
their businesses via funding and mentorship. Within one year of
participating in the program, the first STANLEY+Techstars class has
collectively raised over $6 million
and several companies have expanded or are in talks for deals with
major companies. Four of the startups are establishing their
business presence in Connecticut –
CALT Dynamics from Ireland,
MetalMaker 3D from Canada,
Astroprint from San Diego and
Kwambio from the Ukraine.
To learn more about the STANLEY+Techstars program, visit
https://www.techstars.com/stanley-program/.
About Stanley Black & Decker:
Stanley Black &
Decker (NYSE: SWK) is a purpose-driven, $14
billion revenue industrial organization. Stanley Black
& Decker has 61,000 employees in more than 60 countries and
operates the world's largest tools and storage business, the
world's second-largest commercial electronic security services
company, a leading engineered fastening business as well as Oil
& Gas and Infrastructure businesses. The company's iconic
brands include Black & Decker, Bostitch, CRAFTSMAN, DEWALT,
FACOM, Irwin, Lenox, Porter Cable and Stanley. Stanley Black &
Decker is a company for the makers and innovators, the craftsmen
and the caregivers, and those doing the hard work to make the world
a better place. Learn more at www.stanleyblackanddecker.com.
About Techstars
Techstars is the worldwide network
that helps entrepreneurs succeed. Techstars founders connect with
other entrepreneurs, experts, mentors, alumni, investors, community
leaders, and corporations to grow their companies. Techstars
operates three divisions: Techstars Startup Programs, Techstars
Mentorship-Driven Accelerator Programs, and Techstars Corporate
Innovation Partnerships. Techstars accelerator portfolio includes
more than 1,700 companies with a market cap of $22 Billion. www.techstars.com
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SOURCE Stanley Black & Decker