Mitsubishi Corporation (Americas) and BASF will serve as Lead Partners on the inaugural 'Go Make' and 'Go Move' programs, respectively
SOMERVILLE, Mass., and HOUSTON, April 12, 2022 /PRNewswire/ -- Greentown Labs, the largest climatetech startup incubator in North America, today announced its new Greentown Go climatetech partnerships accelerator. With a mission of decarbonizing the key greenhouse gas (GHG)-emitting sectors, Greentown Go is focused on building startup-corporate partnerships that propel climatetech solutions to market.
Greentown Go is an evolution of Greentown's proven corporate partnerships accelerator model formerly known as Greentown Launch. Building upon Greentown Launch's successful track record, Greentown Go has a heightened focus on climatetech deployment across the five largest GHG-emitting sectors: transportation, energy and electricity, manufacturing, buildings, and food and agriculture. Each track will have a dedicated annual program with a leading corporate partner along with potential supporting, contributing, and civic partners that are all working in concert to tackle a specific decarbonization challenge. The rolling 12-month programs will recruit the best-in-class startups from around the world that are eager to engage with the program's partners and would benefit from the expertise, knowledge, and scale the partners can uniquely offer.
The program tracks, Go Move (transportation), Go Energize (energy and electricity), Go Make (manufacturing), Go Build (building), and Go Grow (food and agriculture), will challenge the status quo within each sector as they accelerate partnerships between industry giants and innovators.
Two industry leaders and long-time partners of Greentown have committed to leading the 2022 Go Make and Go Move programs.
Mitsubishi Corporation (Americas) "MCA" is a wholly-owned U.S. subsidiary of Mitsubishi Corporation, a global integrated business enterprise with 10 business groups that operate across virtually every industry. MCA will serve as the Leading Partner on the Greentown Go Make 2022 program, with a focus on decarbonizing end-to-end supply chains. This program is part of MCA's overall external innovation strategies and efforts to leverage energy transformation and digital transformation to advance a carbon-neutral society.
"The accumulated experience and talent at Greentown Labs will surely help us strategically execute on our own decarbonization efforts in North America," said MCA President and CEO Hidenori Takaoka. "Through the Greentown Go Make 2022 program, we are pleased to commit to tackling environmental issues in collaboration with startups that possess outstanding technologies and unique business models."
BASF is one of the world's leading chemical companies that combines economic success with environmental protection and social responsibility. Its portfolio is comprised of six core segments including chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. BASF will serve as the Leading Partner on the Greentown Go Move 2022 program, with a focus on materials innovation in the automotive industry. This program will align with BASF's efforts to help enable a net-zero transportation industry by reducing lifecycle emissions, launching new recycling techniques, and the creation of new materials for shared and sustainable mobility.
"Partnerships are key for climate-friendly mobility," said Gulay Serhatkulu, Sr. Vice President for BASF's Performance Materials business in North America. "This is why we have committed to Greentown Labs' Go Move accelerator program, which will enable us to connect our vast automotive industry experience with startups to jointly explore material and design innovations for sustainable transportation. We are energized by the opportunity to explore new pathways for carbon neutrality in transportation through the Greentown Go partnership model."
"The climate crisis requires urgent and sweeping deployment of new and existing climatetech solutions," said Greentown Labs CEO Dr. Emily Reichert. "And with more than a decade of experience supporting more than 450 startups, Greentown recognizes that while startups bring solutions, large corporations often bring the commercialization pathways and experience startups need to scale. We're proud of the impact our partnership accelerator programs have had to date, and we're thrilled to begin this new chapter with MCA and BASF, two of Greentown's most climate impact-focused partners. Let's Go!"
The Go Make 2022 program with MCA is set to launch in May 2022 and the Go Move 2022 program with BASF is scheduled to launch in summer 2022. Sign up for Greentown's newsletters for regular updates about the programs and if your company is interested in leading a Go program, contact the Greentown Go team.
About Greentown Labs
Greentown Labs is a community of climate action pioneers working to design a more sustainable world. As the largest climatetech startup incubator in North America, Greentown Labs brings together startups, corporates, investors, policymakers, and many others with a focus on scaling climate solutions. Driven by the mission of providing startups the resources, knowledge, connections, and equipment they need to thrive, Greentown Labs offers lab space, shared office space, a machine shop, an electronics lab, software and business resources, and a large network of corporate customers, investors, and more. With its headquarters in Somerville, Mass. and a recently opened incubator in Houston, TX, Greentown Labs is home to 200 startups and has supported more than 450 startups since the incubator's founding in 2011. These startups have collectively created more than 8,400 jobs and have raised more than $2.2 billion in funding. For more information, please visit www.greentownlabs.com or Twitter, Facebook, and LinkedIn.
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