Innoventure Labs, Inc.

Startup Incubator Servicesinnoventurelabs.org

InnoVenture Labs (North Shore InnoVentures, Inc.) is a 501(c)(3) nonprofit technology incubator founded in 2009 in Beverly, Massachusetts, providing shared lab facilities, scientific equipment, programming, and mentor networks to early-stage biotech and cleantech startups.

Company typePrivate
Founded2009
HeadquartersBeverly, United States
Headcount—
GTM typeB2B
OfferingServices

What Innoventure Labs, Inc. does

InnoVenture Labs (legally North Shore InnoVentures, Inc.) is a 501(c)(3) nonprofit technology incubator founded in 2009 and headquartered at 100 Cummings Center, Suite 451C, Beverly, Massachusetts (EIN 26-2737088). The organization incubates early-stage biotechnology and cleantech companies by providing shared laboratory facilities, high-end scientific equipment, structured educational programming, and access to a network of mentors, partners, investors, and customers. In 2023, it rebranded from North Shore InnoVentures (NSIV) to InnoVenture Labs while preserving its core mission and physical footprint.

The incubator's core offering is turnkey laboratory infrastructure. Member companies move into pre-configured lab space equipped with standard instruments (autoclaves, microscopes, hoods) and advanced instrumentation (mass spectrometer, MALDI, lyophilizer). InnoVenture Labs manages in-place systems for safety, waste handling, utilities, IT, and equipment maintenance, enabling member companies to begin work on Day 1 without capital outlay for equipment or infrastructure. Complementary offerings include InnoVentures U programming (monthly seminars on team building, marketing, SBIR grants, technology licensing, negotiation, and digital marketing), mentorship services, and facilitated introductions to partners and investors. In 2023 the incubator expanded capacity by opening the NSIV Condos at the Cummings Center.

The revenue model is grant- and donation-driven rather than commercial. The organization has disclosed three grant awards (EDA $211,500 in January 2012; DOE-Clean Energy Alliance Partnership $25,000 in June 2012 and $88,000 in October 2012) and supplements this with corporate sponsorships from Thermo Fisher Scientific, Foley Hoag, KPM, Gloucester Marine Genomics Institute, Propel Careers, Sperling Interactive, Safety Partners, Prevare, West Hill, and Hilb Group, plus individual donations processed via PayPal. Pricing for incubation services is not publicly disclosed; companies apply through a structured application process. Operations are led by President & CEO Martha C. Farmer, Ph.D., and VP/COO Tom Kinneman.

Innoventure Labs, Inc. firmographics

Firmographics

Name: Innoventure Labs, Inc.
Legal name: North Shore InnoVentures, Inc.
Website: https://innoventurelabs.org
Company type: Private
Founded year: 2009
Operating status: Operating
Short description: InnoVenture Labs (North Shore InnoVentures, Inc.) is a 501(c)(3) nonprofit technology incubator founded in 2009 in Beverly, Massachusetts, providing shared lab facilities, scientific equipment, programming, and mentor networks to early-stage biotech and cleantech startups.
Ownership category
akta.pro rank

Innoventure Labs, Inc. industry classification

Industry

Product category: Startup Incubator Services
NAICS: Management, Scientific, and Technical Consulting Services (5416)
SIC: Services-Membership Organizations (8600)
akta.pro primary industry: Venture Studios / Company Builders (FSANAAAH)
akta.pro secondary industry: Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

Biotech incubation services
Cleantech startup support
Shared laboratory facilities
Startup mentorship programs
Non-profit technology incubator

Where Innoventure Labs, Inc. is headquartered

Location

Headquarters

HQ city: Beverly
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Innoventure Labs, Inc. business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

Non-profit funding and grants: As a 501(c)(3) non-profit organization, InnoVenture Labs operates primarily through grant funding, corporate sponsorships, and donations. EIN 26-2737088.

Pricing tiers

Model	Billing	Price
Other	Annual	Incubation Space - Lab and office space for early-stage companies

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Innoventure Labs, Inc. product offering

Product offering

Core offering

Innoventure Labs operates a non-profit incubator that provides early-stage biotech and cleantech startups with shared wet-laboratory facilities, scientific equipment (including autoclaves and microscopes), and structured programming through its InnoVentures U initiative. Resident companies gain access to lab benches, instrumentation, mentorship, and educational events under a shared-resource model. The organization is a 501(c)(3) entity that supports the North Shore / greater Boston startup ecosystem.

Product overview

InnoVenture Labs is a non-profit technology incubator providing a comprehensive ecosystem for early-stage biotech and cleantech companies. The organization offers a portfolio of interconnected services including shared laboratory facilities with state-of-the-art equipment, professional programming through InnoVentures U educational seminars, mentorship from experienced entrepreneurs and advisors, and access to an extended network of partners, investors, and customers. Companies receive support across business formation, growth strategy, capital conservation, team building, and marketing technology, increasing their probability of success since 2009.

Differentiator

Problem solved

Functional benefit

Products and services

Shared Wet-Lab Facilities
Scientific Equipment Access
InnoVentures U Programming
Networking and Investor Showcase Events

Companies that use Innoventure Labs, Inc.

Customer profile

Named customers14 records

Segments1 record

Ideal customer profiles1 record

Innoventure Labs, Inc. technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration7 records

Innoventure Labs, Inc. partnerships and signals

Strategic signal

Partnerships

Twelve partnerships are on record, tiered core and minor.

Clean Energy AlliancecoreStrategic or Co-development Partner · 31 May 2012National organization of non-profit incubators with a focus on cleantech commercialization. InnoVenture Labs is a member of CEA and participates in the DOE-CEA Partnership program to provide incubation and mentoring services to qualifying cleantech companies.
Thermo Fisher ScientificminorOthersLogo displayed on sponsors page. Provides equipment and potentially other support to the incubator.
Foley HoagminorOthersLogo displayed on sponsors page. Provides marketing and legal services as a sponsor.
KPMminorOthersLogo displayed as a sponsor of InnoVenture Labs.
Gloucester Marine Genomics InstituteminorStrategic or Co-development PartnerGMGI logo displayed as community partner. Marine genomics research organization in the region.
Propel CareersminorOthersLogo displayed as a sponsor providing career-related services.
Sperling InteractiveminorOthersLogo displayed as a sponsor providing interactive/digital services.
Safety Partners Inc.minorOthersLogo displayed as a sponsor. Likely provides safety-related services for laboratory operations.
Prevare LLCminorOthersLogo displayed as a sponsor.
West HillminorOthersWest Hill logo displayed as a sponsor.
Hilb Group of New EnglandminorOthersLogo displayed as a sponsor. Insurance and risk management services.
SBH SciencesminorStrategic or Co-development PartnerPreclinical contract research organization focused on anti-cancer and anti-inflammation. Partnered with incubator member Cell Assay Innovations to use their ClariCELL technology.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Innoventure Labs, Inc. competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Innoventure Labs, Inc. compliance and trust

Trust signal

Compliance1 record

Innoventure Labs, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Innoventure Labs, Inc. leadership team

Management profile

Number of profiles

Profiles2 records

Innoventure Labs, Inc. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Innoventure Labs, Inc. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innoventure Labs, Inc.

What does Innoventure Labs, Inc. do?

Is Innoventure Labs, Inc. a public or private company?

Innoventure Labs, Inc. is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Innoventure Labs, Inc. founded?

Innoventure Labs, Inc. was founded in 2009.

Where is Innoventure Labs, Inc. based?

Innoventure Labs, Inc. is headquartered in Beverly, United States, in the North America region.

How does Innoventure Labs, Inc. make money?

One revenue line is on record: non-profit funding and grants.

Does Innoventure Labs, Inc. have an API?

No public API is recorded for Innoventure Labs, Inc..

What industry is Innoventure Labs, Inc. in?

Innoventure Labs, Inc.'s product category is Startup Incubator Services. Its primary akta.pro industry code is FSANAAAH, Venture Studios / Company Builders, with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 5416 and its SIC code is 8600.