Woman-led technology incubator will boost efforts to support entrepreneurs developing biotech and cleantech startups
BEVERLY, Massachusetts, September 1, 2016. North Shore InnoVentures (NSIV), one of New England’s leading technology incubators and business accelerators, announced today that it received a highly competitive award for $50,000 from U.S. Small Business Administration’s Accelerator Growth Fund Competition. NSIV was one of only three award winners in the Commonwealth of Massachusetts.
In the third year of the award, the SBA received over 400 applicants. In total $3.4 million will be distributed to 68 winners to boost the economic impact of accelerators across 32 states and the District of Columbia and to continue building the support structure needed to help startups become commercially viable and create jobs more quickly.