June 22, 2018
 
Greentown Learn Shares in $1M to Advance Cleantech

February 19, 2018 — Greentown Learn, a Somerville-based nonprofit that is helping hardware startups get products made better and faster and locally, recently was awarded part of a $1 million grant to address gaps in clean-energy technology development and commercialization.

Greentown Learn is part of the Wells Fargo Innovation Incubator (IN2) program, funded by the Wells Fargo Foundation and co-administered by the National Renewable Energy Laboratory.

“Greentown Learn is dedicated to helping hardware startups, particularly those who work in clean tech, to advance their products better, faster and smarter so we can all reap the benefits” said Micaelah Morrill, acting executive director of Greentown Learn. “We are thrilled that the Wells Fargo IN2 program is facilitating the growth of the cleantech industry by supporting this joint project between Greentown Learn and other leading incubators to establish how to best scale and understand the impact of this work.”

The IN2 Channel Partner Awards Program is designed to foster the development of a robust clean tech ecosystem by funding innovative accelerators, incubators, and universities, and promoting a collaborative network of knowledge sharing.

Greentown Learn is partnering with Los Angeles Cleantech Incubator, ACRE in Brooklyn, N.Y., Clean Energy Trust in Chicago and NextEnergy in Detroit to establish a standard for measuring and reporting the economic, environmental, and social impact of the portfolio companies within their network. The team will conduct individual research within organizations to evolve a common framework for training their staff and portfolio companies and measuring and reporting on their individual impact results.

Greentown Learn was developed to deploy :game-changing industrial-oriented innovations" in, among other sectors, energy, water, and food.

According to Greentown Learn, "We believe that we can leverage the experience of the entrepreneurs and mentors who have struggled to create great companies in challenging sectors in the past. By doing so we can help new entrepreneurs do a better job in the future and therefore better serve their customers and the planet."

Greentown Learn houses the Manufacturing Initiative, a program that connects startups with manufacturers throughout Massachusetts to build advanced products.

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