Stanley Black & Decker : STANLEY+Techstars Accelerator Announces Open Application
September 24, 2021 at 08:24 am EDT
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Stanley Black & Decker and Techstars announced the renewal of their partnership and the 2022 STANLEY+Techstars Accelerator investment theme: electrification.
Over the past three years, the two companies have worked together in advanced manufacturing by accelerating startups who are building solutions using technologies such as 3D printing, bio-based materials, robotics, machine learning and artificial intelligence.
In its first three years, the STANLEY+Techstars Accelerator has seen applicants from 32 countries, worked with nearly 215 mentors from top organizations and helped graduates raise nearly $24 million. The program also focuses on support for diverse startups - previous cohorts included 50% of female leaders.
Focus on Electrification
The 2022 STANLEY+Techstars Accelerator invites startups working on solutions enabling the electrification of consumer and industrial tools, electric vehicles, micro-mobility and battery technology to apply now through November 23.
'Stanley Black & Decker is focused on being one of most innovative companies in the world and believes electrification creates new opportunities for design and function,' said Stanley Black & Decker Chief Technology Officer, Mark Maybury. 'We are energized by the strength of our STANLEY+Techstars partnership, which will leverage our joint global networks to advance the most disruptive innovations to revolutionize electrification and drive the sustainable energy economy for our commercial and industrial customers.'
Innovation Surge in Baltimore, MD
The 2022 Accelerator will run in-person from February 14 through May 12 in Baltimore. Maryland is home of Stanley Black & Decker's Global Tools & Storage headquarters. The 90-day program will provide acceleration for start-ups with personal mentorship and office space.
After three years in Hartford, the program is moving to Baltimore as part of Stanley Black & Decker and Techstars collaboration with UpSurge Baltimore. UpSurge Baltimore was launched to propel Baltimore into the top tier of innovation hubs and build the country's first Equitech city. The organization coined the term 'Equitech,' which is the defining framework for UpSurge, anchoring its work in a belief that the tech economy is a key pathway for inclusive prosperity and that diverse teams are force multipliers for company growth. The expanded collaboration between the three partners underscores the priority that they all place on building a diverse cohort of founders.
The STANLEY+Techstars Accelerator is driven by Techstars' world-renowned accelerator program and playbook, helping startups scale their vision into a thriving business. The program adds mentorship from domain experts at Stanley Black & Decker and other leaders in the field of electrification. Startups also benefit from Techstars' global network of more than 6,600 alumni entrepreneurs, over 19,000 investors, and market leading corporations.
'I started my tech career at Intel Capital during its formative years, supporting the early build-out of the Internet,' said Laila Partridge, Managing Director of the STANLEY+Techstars Accelerator. 'It is a pleasure working with another industry leader, Stanley Black & Decker, who recognizes and invests in technology transformations and believes in working collaboratively with both startups and global leaders to drive a more sustainable, inclusive transformation for all.'
Daring founders and diverse startups are encouraged to learn more about the STANLEY+Techstars Accelerator and apply. Want to connect with us before applying?
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
