11 September 2020
EIT InnoEnergy, the world’s largest sustainable energy engine headquartered in Europe, has today announced cleantech capital Boston, MA as the launchpad for its expansion into another primary market, the US. The new office will help entrepreneurs develop their innovations and reduce time to market by providing direct access to 500+ industrial partners in EIT InnoEnergy’s ecosystem.
The transatlantic expansion will be mutually beneficial to start-ups and partners on both sides of the ocean, offering access to new markets and resources including investors, educators, and talent. By enhancing its ecosystem in this way, EIT InnoEnergy will further dismantle barriers to innovation spurring a wave of new sustainable energy technologies in areas such as offshore wind, storage, and e-mobility.
Supporting the launch, EIT InnoEnergy has signed a partnership with Greentown Labs, the largest cleantech start-up incubator in North America. EIT InnoEnergy and Greentown Labs are both active members of the Incubatenergy Network, a consortium of US clean energy-focused incubators that have supported more than 500 companies.
EIT InnoEnergy’s involvement with the Network, coupled with organic growth in its start-up portfolio, led the accelerator to consider a greater presence in the U.S. to further accelerate innovation. EIT InnoEnergy’s new office is led by former Greentown Labs founding team member Mark Vasu, who has been appointed as US Operations Manager while EIT InnoEnergy’s Innovation Director Elena Bou has joined Greentown Labs’ Advisory Board.