Innovation meets capital in Massachusetts, allowing climate solutions to thrive.
In this Oct. 19, 2018, file photo, the Beauport Hotel is shown with sweeping waterfront ocean views and wind turbines behind in Gloucester, Massachusetts.Massachusetts could soon become the new leader in climate and environment technology, as the race to find solutions for sustainability and emissions mitigation heats up around the world.for Massachusetts to become a global leader in climate technology by Gov.
Massachusetts is currently No. 3 in the country for the number of climate tech solutions -- 340, compared to 1,607 in California and 661 in New York, according to Powerhouse, an environmentalWhat makes Massachusetts unique is it has a proven track record of taking what is learned in the lab and applying it to real life, Lindi von Mutius, director of Harvard University's Climate Action Accelerator, an environmental solutions hub, told ABC News.
A successful tech venture requires what is known as "the capital triangle," Matheson said: intellectual capital -- Massachusetts is home to places like Harvard, the Massachusetts Institute of Technology and the University of Massachusetts at Amherst; human capital -- the individuals running the company; and financial capital -- the funds needed to get the startups off the ground.
Gov. Healey is "wicked competitive," which is aiding her ambitious climate agenda, Hao said. Healey's $1 billion proposal aims to catalyze the economic growth around climate tech by using the successes in life sciences as a template and applying it to climate tech innovation, Hao told ABC News.
Greentown Labs was founded in 2011 among four startups in the MIT ecosystem, making Massachusetts a natural home for the company, Travaglini said.
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