Project Aims to Build New Programs to Help Tech Entrepreneurs Grow
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.
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.
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."
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.
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.”
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.
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.”
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.”
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.
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.
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/