When Greentown Labs left the Innovation District for Somerville, the goal was growth. So far, the clean tech incubator has been delivering, recently announcing it now hosts 40 companies.
Emily Reichert, executive director of the incubator, wrote that three new additions — Greenbean Recycle, Silverside Detectors, and Wristify — pushed them over the edge of the new milestone:
Demand for our co-located office and prototyping space has exceeded expectations. Our original plan was to sublease part of the prototyping lab referred to as ‘expansion space.’ We’ve not only held on to it, but last week construction started to accommodate the needs of new member companies arriving in late spring.
Of course, some member companies will eventually move on to “Emeritus” status, leaving room for younger companies to come in—that’s the type of community we’re building and one that will sustain us into the future. Great companies attract great companies, and our members are doing nothing less than solving society’s greatest energy challenges.
They also released an infographic showing just how dramatic that growth has been:
We’ve got more coming on the transformation of the former Ames Paper Factory. In addition to Greentown Labs, the former manufacturing plant is now host to Artisan’s Asylum, Brooklyn Boulders Somerville, Aeronaut Brewing, and a number of other local companies that have sprung up since 2010, when the area’s original long-time tenant went out of business.
Updated: This post originally erroneously stated that Greentown Labs was a non-profit. It is not.