BASF Joins Greentown Labs as a Founding Sponsor of the Global Center for Cleantech Innovation

SOMERVILLE, Mass., Nov. 8, 2017 /PRNewswire/ -- Greentown Labs, the largest cleantech startup incubator in the United States, today announced BASF as a Founding Sponsor of the Greentown Labs Global Center for Cleantech Innovation. As the world's leading chemical company, BASF sits at the nexus of science and innovation for environmental sustainability and social responsibility. Through this sponsorship, BASF will work closely with Greentown Labs' member companies to help them iterate on their developments in the incubator's new Wet Lab and bring them to market faster.

The Greentown Labs Global Center for Cleantech Innovation will serve as the incubator's headquarters and transform the incubator into a multi-facility campus totaling more than 100,000 sq. ft. The new facility, just steps from Greentown Labs' current location, will provide additional prototyping lab space, office space for more than 100 cleantech startups, a 24-bench wet lab, electric and hydrogen fuel cell vehicle charging stations, and a 500-person event space which will serve as a convener for the global cleantech community.

BASF's Founding Sponsorship has played an instrumental role in finalizing the Wet Lab development and key elements of the sponsorship include:

• The BASF Wet Lab: The new, exclusively named BASF Wet Lab offering at Greentown Labs is answering an unmet need in the clean technology marketplace: affordable, flexible wet laboratory space for startups to develop innovations in water, materials, and green chemistry.
• Corporate membership: BASF will become an active member of the Greentown Labs community by utilizing both desk space and a Wet Lab bench.
• Advisory Board seat: BASF will gain a seat on Greentown Labs' Advisory Board which provides strategic guidance and input to the incubator on growth planning, partnership development, and other areas on a regular basis. Jacob Grose, Ph.D., Investment Manager, BASF, will join the Advisory Board.

"BASF is committed to developing sustainable solutions to global challenges, such as climate change, and we believe partnering with Greentown Labs and working alongside their innovative startup companies will help us all move closer to a sustainable future," said Dr. Bernhard von Vacano, Head of the North American Center for Research on Advanced Materials, BASF. "We're eager to get in the Wet Lab and begin collaborating and supporting these innovative startups with our deep knowledge of chemistry."

"Greentown Labs recognizes cleantech and clean energy innovations are happening across sectors—not just in hardware and software—but also in water, advanced materials, and green chemistry," said Dr. Emily Reichert, CEO, Greentown Labs. "That's why we're developing a 1,800 sq. ft. shared Wet Lab to support cleantech startups working in this space and we are thrilled to have BASF's support, expertise, and enthusiasm as we launch this new offering!"

BASF has joined an exclusive group of global energy and environmental leaders that have also signed on as Founding Sponsors of the Global Center including, Shell, Saint-Gobain, DSM, Foley Hoag, Air Liquide, and Johnson Controls. To learn more about the new facility and partnership opportunities, visit www.greentownlabs.com.

About Greentown Labs 
Greentown Labs is a community of bold, passionate entrepreneurs creating game-changing energy technologies that transform the way we live, work, and play. Located in Somerville, Mass., and founded in 2011, Greentown Labs is the largest cleantech incubator in the United States, operating a 40,000 sq. ft. facility that enables entrepreneurs to solve today's biggest energy and environmental problems. Its mission is to enable a vibrant community of startups to realize their visions by providing access to the resources, labs, and funding they need to thrive. The incubator is expanding and will open its Global Center for Cleantech Innovation in late 2017 which will provide an additional 58,000 sq. ft. of prototyping, office, and event space for 50 additional startups. For more information, please visit www.greentownlabs.com or find us on Twitter, Facebook, or LinkedIn.

Greentown Labs Media Contact: 
Julia Travaglini 
[email protected] 
888-954-6836 ext. 1

SOURCE Greentown Labs

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