UMass Lowell Opens Business Incubator

The University of Massachusetts Lowell (UMass Lowell), an NEC member, recently opened an Innovation Hub and expanded its Massachusetts Medical Device Development Center (M2D2) incubator in a new facility in the heart of Lowell’s Hamilton Canal District. The incubators opened on June 1, 2015.

The incubators will offer start-up research and working space, as well as expert advice in the medical devices and technology sectors. In a press release, UMass touted the convenient location of the incubators, both to campus and to the other M2D2 facility at the nearby Wannalancit Business Center. M2D2 is a joint effort between the University of Massachusetts’ Lowell and Worcester campuses. It has already worked with 100 startups that have raised over $40 million in external funding. The Wannalancit Business Center M2D2 incubator currently holds 15 medical device startups, while the two recently-opened incubators already host three each, according to a Boston Business Journal article.

“We expect in the coming months that addition tenants will move into both the Innovation Hub and new M2D2 space as the existing location has had a waiting list,” said Steven Tello, UMass Lowell’s associate vice chancellor of entrepreneurship and economic development, in an email to the Boston Business Journal.

The New England Council congratulates UMass Lowell on these new incubators and looks forward to watching the progress of the startups they foster.

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