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ACTION Incubator Helps Put Vermont Cleantech Startup on Map
The Vermont Center for Emerging Technologies (VCET), a member of ACTION, provided much needed incubation and capital support to ElectroCell Technologies, Inc, which is now a growing company in New England’s cleantech economy.
ElectroCell entered VCET in order to gain market credibility and identify and begin targeting market segments. ElectroCell was invited to be a charter member of VCET. VCET enabled ElectroCell’
The incubation programs at VCET are designed to provide advantages to client firms. The startups realize benefits ranging from networking, financial advice, and access to strategic partners in a variety of categories. As David Bradbury, President and Seed Fund Manager at Vermont Center for Emerging Technologies states: “At VCET, we measure success not by how high we soar, but by how well we bounce. We mentor and prepare startups to handle a variety of potential situations and to be resilient.” ElectroCell CEO Buzz Hoerr comments: “VCET gave us credibility and support in our early years and has since continued to provide essential connections, advice and timely funding that continue to make a huge difference as we move into our defined target markets.” Michael Ryan, President of ACTION echoed these sentiments: “The success of VCET and ElectroCell is a great example of how ACTION’s member incubators are supporting and accelerating the success of startups across the region - creating jobs, building new businesses, developing new technologies – it’s exciting to see! ”
For every dollar VCET has invested, they have helped secure an additional $11 from other private investors. The combination of an incubation program, a mentor network and capital are the keys to their winning formula.
The Association of Cleantech Incubators of New England (ACTION) is New England’s leading network of cleantech incubators sharing the common goals of accelerating the growth and success of early-stage companies, strengthening the regional cleantech cluster, and creating more green jobs in New England.
Their network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of enterprises that will build a prosperous green economy, improve the quality of our lives and sustain the health of our environment. Visit www.actionnewengland.org
The Vermont Center for Emerging Technologies (VCET) is a member of ACTION. VCET offers programs and capital funds to select early stage firms, including substantive business mentoring along with traditional business incubator services and infrastructure. VCET team members and partners work closely with entrepreneurs helping to crystallize concepts, assemble teams, craft business models, secure resources and locate early customers. www.VermontTechnologies.com
ElectroCell Technology represents a new, more cost effective approach to processing a wide range of organic waste streams. The company provides mobile treatment services as well as permanently installed waste treatment equipment to farms, municipal wastewater treatment plants and private industry. ElectroCell’