Business Tech Incubator Develops Clean Tech and Life Science Startups

The Boston Globe reported that North Shore InnoVentures, a company that launched a nonprofit incubator to help stimulate the growth of the up and coming life science and clean technology sectors, has aided 23 startup companies to date.

As quoted in the market news:

“We had to be proactive,” said Martha Farmer, a founder and chief executive of InnoVentures, located at the Cummings Center in Beverly. “We didn’t have any idea how well we’d do. We thought if we created 50 local jobs, we’d be quite successful.”

The incubator has taken more than ­baby steps. A total of 23 early-stage companies so far have been nurtured in its spacious office and laboratory space. Entre­preneurs are researching drugs to cure cancer, developing medical devices to calm nerve tremors, and testing energy conservation measures.”

Click here to read the full Boston Globe report.