Foley Hoag Signs On As Sponsor of Innovation District-based Greentown Labs, Boston’s Leading Clean Technology Incubator
March 8, 2013
Foley Hoag LLP is proud to announce that it has signed on to sponsor Greentown Labs, Boston’s largest cleantech incubator space. Foley Hoag will be a top-level “Terawatt” sponsor of Greentown Labs. Located in Boston’s Innovation District, which is also Foley Hoag’s home, Greentown Labs provides prototyping and office space to companies developing renewable energy and environmental sustainability products.
“There are some incredible clean technology ideas coming out of Boston’s universities and entrepreneurial companies. These are the future of the Boston economy, and Greentown Labs is a vital resource for turning ideas and research into products,” said Mark Haddad, co-chair of the Firm’s Energy & Cleantech practice as well the firm’s Business Department. “With our long history supporting cleantech and other technology companies and our commitment to developing the Innovation District, becoming a Greentown Labs supporter is a natural fit.”
Greentown Labs is home to 20-plus startups that employ about 80 people and that have raised more than $20 million in capital. It was founded by four clean energy startups looking for low cost working space. The labs provide 19,000 square feet of prototyping and office space in the Innovation District, plus shared machine and electronics shops, equipment and software.
Foley Hoag’s Energy & Cleantech Practice Group meets the needs of companies, investors and lenders in every stage of development. Our attorneys provide over 150 cleantech clients with a deep understanding of industry trends, financing models, investment and deployment partners, and relevant laws and regulations, Foley Hoag has helped our clients succeed across an array of transactions, including corporate and venture financings and M&A, project structuring and finance, public securities offerings, energy regulatory and environmental compliance matters, tax issues and real estate.
About Greentown Labs
Greentown Labs, now home to 20+ start-ups, is the second largest cleantech incubator in the country, with a very unique offering - 19,000 square feet of prototyping space as well as office space, in an urban location, Boston's Innovation District. Since opening its doors in May 2011, Greentown Labs has served 25 clean energy and clean technology start-up companies; its member companies have raised over $20M in capital and employ nearly 80 people.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and investment management fields, and in cross-border disputes. Our professionals possess the skills and experience to provide exceptional senior level service to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.