Overview of our recent AMA for the Stanley+Techstars Additive Manufacturing Accelerator
Last week, I had a terrific opportunity to join Tim Hatch, VP Innovation & Technology of Stanley Black and Decker, and Jenny Lawton, COO of Techstars, to share information about the new Stanley+Techstars Additive Manufacturing Accelerator in Hartford, CT at our first ‘Ask me Anything”. For those who missed it, I thought I’d share an overview of some of the questions that came up, and what we covered. You can also check out a recording of the AMA here.
For the most part, questions fell into a few areas:
- Why is Stanley Black and Decker doing this?
- Who will be involved? What are the benefits?
- What types of companies is Techstars looking for?
- Why Hartford, and what will the space be like?
In regards to the “why” Tim relayed how Stanley Black and Decker is on a mission to find the best 3D printing companies out there. Stanley Black and Decker has been using 3D printing for more than 30 years, and is looking for new ways to implement additive manufacturing within the production process.
He shared that Stanley Black and Decker has made approximately 10 investments in the space in the past year alone, and is currently talking to a number of companies; some of which they hope will be able to participate in our program. In short, he said, “We want to learn from you, we want you to learn from us, and we want to create a partnership to move forward.”
Jenny Lawton, who has an impressive track record in the 3D printing and additive manufacturing space, was previously COO of LittleBits and was most recently the CEO of Makerbot, which was acquired by Stratasys, before joining Techstars as COO about a year and half ago. She described her extreme passion for additive manufacturing and for making sure that the world is changed through 3D printing and additive manufacturing. In addition to gaining access to Techstars, which is the worldwide network that helps entrepreneurs success, this particular accelerator provides access to an industry leader, Stanley Black and Decker.
Who will be involved?
Selected companies will have access to mentors from both within Stanley Black and Decker, and from experts across the industry. When a company joins Techstars, they are joining a worldwide network, so the impact is the sum of all the parts. In addition to potential access to capital from the partner, Techstars has a large investor network and an unprecedented overall network to which people will gain access that provides the best opportunities to help entrepreneurs succeed.
What types of companies?
Techstars is looking for innovative teams from anywhere in the world, working to make a big impact. The program itself is stage agnostic, and applications will be screened based on the potential of the team itself. In addition, while the overall focus for the program is additive manufacturing, this covers a wide variety of potential companies including those focused on software solutions, materials, and/or hardware solutions.
In regards to Stanley Black and Decker, Tim expressed that they are really hoping that companies selected will be people they can work with post program.
Why Hartford, CT and what is the space itself like?
Hartford is a city with a rich history, an increasingly vibrant center and universities, midway between New York City and Boston with only an hour and half distance to either one. So participants will gain access to the benefits of the lower cost of housing of the Hartford region, while being only a short train ride away from two international cities. As we continue to work on the program, we’ll be sharing more specific information about the types of resources available on site. However, to provide a preview, the following is a picture of the site under construction.
Stay tuned for more updates, and if you are as excited as we are about the potential impact of this program, please do apply today by clicking here.
If you’d like to schedule 1:1 time with me to share more about your company, and learn about the program, you can sign up for in person or virtual office hours here.
I’m looking forward to meeting more amazing companies in the weeks ahead!