BOSTON, MA, July 21, 2016 – Greentown Labs today announced that UTC Climate Controls & Security and Otis, both divisions of United Technologies (UTC) have become Terawatt Sponsors. Greentown Labs supports early-stage cleantech and energy companies by providing access to space, resources and funding. The sponsorship will enable UTC Climate, Controls & Security and Otis to engage with the Greentown Labs team and its entrepreneurs to collaborate on innovative sustainability solutions, supporting their corporate social responsibility missions to make things better.
“Greentown Labs is comprised of passionate entrepreneurs working to change the way the world views clean technology and we’re thrilled to have the support of UTC Climate, Controls & Security and Otis to help our startups bring their visions to fruition,” said Greentown Labs Chief Executive Officer Emily Reichert. “UTC Climate, Controls & Security and Otis are industry pioneers with rich histories of innovation in intelligent building technologies. We’re eager to have our startups engage with such experienced, forward-thinking and innovative global organizations.”
“Engaging with Greentown Labs’ world-class network is a key milestone in UTC Climate, Controls & Security and Otis’ open innovation initiatives to offer sustainable solutions,” said John Galbraith, vice president of Global Engineering, UTC Climate, Controls & Security. “This relationship will not only help Greentown Labs ensure that a growing community of entrepreneurs have the resources they need to help solve the world’s largest energy and environmental challenges, but it will allow UTC Climate, Controls & Security and Otis to benefit from their creativity and innovation.”
“Our relationship with Greentown Labs not only strengthens the startup ecosystem in the Northeast, but also exposes UTC Climate, Controls & Security and Otis to a different perspective on unique and agile approaches to innovation,” said Mary Lombardo, vice president of Innovation and Research, UTC Climate, Controls & Security and Otis. “Greentown Labs is attractive to us because of its tremendous growth, national recognition and potential for international expansion.” Lombardo will join Greentown Labs’ advisory board as part of the sponsorship.
Greentown Labs is the largest hardware-focused clean technology incubator in the United States. Otis is a world-leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. UTC Climate, Controls & Security is a leading provider of heating, ventilating, air conditioning and refrigeration systems, building controls and automation, and fire and security systems leading to safer, smarter, sustainable and high-performance buildings.