HARTFORD, Conn., Dec. 5, 2017 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) and
Techstars, one of the world's best startup accelerators, today
announced the formation of a three-year partnership and the launch
of the STANLEY+Techstars Additive Manufacturing Accelerator in
Hartford. This mentorship-driven,
entrepreneurial accelerator program will select 10 startups in the
additive manufacturing space to participate in its first year.
Applications will open in January
2018, and the program will run in the third quarter of 2018.
Similar programs will be run in 2019 and 2020, with 30 potential
startups completing the process.
Startups will co-locate with Stanley
Black & Decker's new Advanced Manufacturing Center of
Excellence – Manufactory 4.0 – in Hartford, CT, and have access to mentoring and
resources to grow their ideas into viable businesses and bring new
technologies to market.
"Additive manufacturing is a field that is constantly evolving
and will significantly change the manufacturing environment of the
future," said Corbin Walburger, Vice
President of Business Development for Stanley Black & Decker. "The
STANLEY+Techstars Additive Manufacturing Accelerator demonstrates
our commitment to this emerging industry, and shows our intent to
stay at the forefront of technological change and incorporate
innovative and disruptive technologies into our business
model."
Stanley Black & Decker
currently operates more than 100 manufacturing facilities globally,
including approximately 30 in the U.S. and three in Connecticut. Three of the company's locations
are designated as "Lighthouse Factories," plants that have
partially implemented Industry 4.0 across their facilities from
manufacturing execution systems (MES), to 3-D printing, virtual
reality, robotics and artificial intelligence.
"We are thrilled to be bringing our successful accelerator model
to Hartford," said David Brown, co-CEO and co-founder of Techstars.
"Hartford is thriving with
early-stage startups ranging from companies focused on science,
technology and software solutions to B2B and small business
services. Connecticut was at the
heart of the first three Industrial Revolutions and has continued
to have a strong manufacturing presence, which makes it a great
location for an accelerator focused on the Fourth Industrial
Revolution and additive manufacturing, in particular."
To apply to participate, visit
https://www.techstars.com/programs/ beginning in January 2018.
About Stanley Black &
Decker
Stanley Black & Decker, an
S&P 500 and FORTUNE 500 company, is the world's leading
provider of tools and storage, the world's second-largest
commercial electronic security company, and a leading engineered
fastening systems provider, with unique growth platforms in the Oil
& Gas and Infrastructure industries. Well-known brands include:
STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom,
Mac Tools, Proto, Vidmar, Lista, and
more. Learn more at www.stanleyblackanddecker.com.
About Techstars
Techstars helps entrepreneurs succeed. Techstars partners with
over 300 new businesses each year to provide them with the
resources, network and knowledge needed to successfully grow their
business. A global network in more than 150 countries, Techstars
has 300,000 alumni and more than 10,000 mentors. Of the 1100
startups that have been through the Techstars program, 90% are
either still active or have been acquired. Techstars was named one
of the world's best startup accelerators by Entreprenuer Magazine.
Techstars accelerator portfolio includes more than 1,000 companies
with a market cap of $8.1 billion.
www.techstars.com
Media Contacts:
Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com
Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com
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SOURCE Stanley Black &
Decker