North Shore Innoventures Inc

The Cleantech Incubation Program supported 4 companies during the fiscal year. There were a total of fourteen graduates by year end. At the close of 2024, the cleantech companies in the incubator employed 24 people and the cleantech graduates employed 273 people for a total of 297 jobs created. The cleantech companies in the incubator trained five interns. Two of the cleantech companies in the program used office and lab space in the incubator routinely; the two others are in the virtual incubation program and utilize our sponsored services and mentoring sessions. Corporate sponsors and a grant from the Mass Clean Energy Center were especially important to helping keep revenues in balance with expenses. The increased lab space completed in Q3 2021 has resulted in increased memberships and space utilization. No grants were provided by NSIV.