Congratulations to NSIV graduate 7AC Technologies for raising $1 million in venture financing from 31 investors. Founded in 2009, 7AC develops a highly disruptive membrane-isolated plastic plate technology for use in commercial and industrial liquid desiccant HVAC applications and in air conditioning and cooling. Reportedly, the new technology drastically cuts energy costs for heating and cooling, and radically improves de-humidification performance. For more information, go to www.7AC Technologies.
North Shore InnoVentures (NSIV) is a non-profit technology incubator (located just north of Boston) that nurtures innovative early-stage Biotech and Cleantech companies. Founded in 2008, NSIV is committed to transforming scientific or technological knowledge into products and services that fuel economic development, create jobs and wealth, and drive sustained growth and a higher standard of living for the region.