TechSandBox: MetroWest Innovation Hub 

 

 TechSandBox Receives Grant to Develop MetroWest Business Accelerator


  Project Aims to Build New Programs to Help Tech Entrepreneurs Grow

 

Xponent Global on TechSandBox grantHOPKINTON, MA– May 7, 2014 –TechSandBox, the MetroWest innovation center for science- and technology-based startups, announced that it has received a planning grant to develop a new accelerator program from the Westborough-based Massachusetts Technology Collaborative.

The Innovation Institute at the Massachusetts Technology Collaborative is providing a 6-month, $25,000 grant to TechSandBox to design a new effort aimed at boosting high-potential entrepreneurs and startups in MetroWest. The grant is part of the Innovation Institute’s broader efforts to strengthen regional innovation and entrepreneurship ecosystems across the state. 

“MetroWest is home to thousands of us who have made their mark starting and growing the scalable, tech sector businesses that really define innovation,” said TechSandBox CEO and Founder, Barbara Finer. "In less than nine months, we have attracted over 1000 participants, helping cohere a highly fragmented region and develop a community, and our co working space is already home to several entrepreneurs."

TechSandBox opened its doors in April 2013 and has been growing its community of stakeholders: entrepreneurs, successful executives, serial entrepreneurs, service providers, and representatives from higher education. These stakeholders offer mentoring and advising, and participate in educational panels and workshops several times a month. The new program is intended to define a more intense model and set of resources to meet the needs of these entrepreneurs.

“MassTech supports a vibrant innovation economy across Massachusetts, and one of the ways we do that is through partnerships with organizations like TechSandBox, which helps support talented entrepreneurs throughout the MetroWest region,” stated Pamela Goldberg, Chief Executive Officer of the Massachusetts Technology Collaborative. “Through this award, we are providing the opportunity for the TechSandBox and their project partners to expand their programs and to create new resources which can play a role in growing the next technology success story in the region.”

The planning grant provides half of the funding needed to research, define and communicate a formal accelerator program for MetroWest and similar communities. Additional funding for the program will be provided by Southfield Properties III, Alexander Aronson & Finning, Morse Barnes-Brown & Pendleton, and KFR & Associates. Advisors to TechSandBox include the 495/MetroWest Partnership and the MetroWest Chamber of Commerce.

 “TechSandBox has filled a real need in 495/MetroWest by providing assistance to entrepreneurs, and demonstrated impressive results over only a short time,” said Paul Matthews, Executive Director of the 495/MetroWest Partnership.  “With the 495/MetroWest Partnership’s focus on our regional economy, we’re honored to assist TechSandBox and the Massachusetts Technology Collaborative with the establishment of the Techubator program and work directly with our region’s top entrepreneurs in bringing their ideas to the marketplace.”

“The Commonwealth has been very supportive of city-based startup initiatives, especially those in gateway cities” said Bonnie Biocchi, CEO of the MetroWest Chamber of Commerce. “This grant is a good step in supporting the people in the MetroWest region who have the desire and experience to create and grow the innovation companies that will further stimulate job creation here.  With her incredible energy and experience starting the MIT Enterprise Forum Mentoring Program, and serving as a mentor with MassChallenge, Ignite/CTO and The Venture Forum, Barbara is the right person to make this happen.”

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About TechSandBox

The Mission of TechSandBox is to accelerate the success of science and technology entrepreneurs based in the 40 cities and towns located near the I495, I90, Rt.9 corridors of Massachusetts.

As a physical destination, the goal of TechSandBox is to facilitate access to information, education, and expertise, and inspire the sense of community and collaboration necessary to attract, grow and retain exciting businesses.  TechSandBox offers 24x7 access to Entrepreneurs in residence in its co-working bullpen.

Held several times a month are panels and workshops, networking events, advising sessions and special interest groups for key industry clusters. See the Website for more information  http://www.techsandbox.org/

 

contact barb@techsandbox.org for press inquiries

 

(C) TechSandBox Inc. 2014