Answers to some of the top questions asked during our recent AMA (Ask me Anything!)
A recap of our recent live webinar designed to shed more light on the 2019 STANLEY+Techstars Accelerator Program
Last week, I sat down with Martin Guay, Vice President of Business Development at Stanley Black & Decker, Peter Bates, Director of Packaging at Stanley Black & Decker, and Polly Usborne, Program Manager at Techstars, to answer questions about our upcoming accelerator. You can review the full recording of the session here.
The following is a summary of some of the questions we heard:
Do you take applications from anywhere?
Yes. In our first year, we accepted companies from Israel, Ireland, Canada, Ukraine, and the US. In short, we are looking for the best companies working to innovate in the advanced manufacturing sector, and we do not limit our search based on location.
Does this accelerator help companies penetrate the manufacturing supply chain?
We work with each accepted company to help define areas for rapid acceleration. Those areas will be unique for each company. During the program, founders get an opportunity to work with mentors inside Stanley Black & Decker, as well as the broader Techstars’ network to rapidly develop use-cases. From there, they may develop business development relationships, and they will also get an under-the-cover look at the organization at scale.
What is the specific focus of the program?
We’re interested in finding companies to invest in across the Advanced Manufacturing sector. Some specific areas in which we are interested include Additive Manufacturing and Sustainable Packaging. However, it’s important to note that we are viewing this under a wide lens. For example, current clamshell packaging exists for security, cost and marketing reasons. While we are interested in companies that have a material improvement, we are also interested in companies that might be approaching the problem from an entirely different perspective. For example if you can solve the security problem, perhaps there is no need for packaging at all. Likewise, in additive manufacturing, we are considering companies across the vertical with software, hardware or material science solutions.
In short, if you have a company that you believe has the potential to move the manufacturing industry and supply chain forward, you should consider applying to the program.
Who participated in 2018?
In 2018, we focused solely on additive manufacturing, and we had a very exciting group of companies join us! You can read more about them here.
What else should I know?
We invest up to $120,000.00 in each company we accept to the program, and work hard to help your business succeed. You can read more of our FAQs here.
We’ll be hosting another AMA in the weeks ahead. In the meantime, we hope you’ll consider starting your application to the STANLEY+Techstars Accelerator. We’re excited to get to know you!