Stanley Black & Decker and Techstars Announce Focus for 2019 Accelerator

Stanley Black & Decker and Techstars, the worldwide network that helps entrepreneurs succeed, today announced the opening of applications for the second year of the STANLEY+Techstars Accelerator at Stanley Black & Decker’s new Manufactory 4.0 Center in Hartford, CT.

Following a successful inaugural year in which 10 startups from around the world were selected to accelerate their businesses via funding and mentorship in the program, the Stanley+Techstars 2019 accelerator is well positioned to draw world-class applicants again. For 2019, the STANLEY+Techstars Accelerator will consider startups working on additive manufacturing or sustainable packaging.

“We are working to identify the most promising companies developing solutions related to additive manufacturing or sustainable packaging that can help move the manufacturing sector forward” said Claudia Reuter, Managing Director of the STANLEY+Techstars Accelerator. “We are confident that we will continue to attract world-class additive manufacturing companies and Stanley Black & Decker’s commitment to sustainability, as demonstrated by their recent pledge to make all of their plastic packaging reusable, recyclable or compostable by 2025, will strengthen our search for companies working on sustainable packaging solutions.”

In 2018, the STANLEY+Techstars Accelerator focused solely on additive manufacturing or 3D printing companies. “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. “We developed this accelerator program with Techstars to help empower these start-ups to continue challenging the status quo and look forward to providing them with the guidance and support they need to thrive and bring their ideas and technologies to fruition. We’re also proud to do this in Hartford, CT, and are confident that programs like this will create a robust entrepreneurial community right here in our capital city.”

In 2018, Stanley Black & Decker joined with leading businesses and governments to sign The New Plastics Economy Global Commitment, an initiative of The Ellen MacArthur Foundation and United Nations Environment Programme. The Global Commitment represents a plan to eradicate waste and pollution driven by plastic packaging, and includes 250 signatories that represent approximately 20% of all plastic packaging produced globally. As part of its efforts, Stanley Black & Decker intends to make all of its plastic packaging reusable, recyclable or compostable by 2025. In addition, the company will aim to make all of its non-plastic packaging and packaging components reusable, recyclable or compostable by 2025.

The STANLEY+Techstars Accelerator aims to accelerate the growth of companies in both of these advanced manufacturing areas. Interested in knowing more? Click here!