North Shore InnoVentures Board Appoints Chris Ilsley as CEO

Shore InnoVentures (NSIV), a non-profit technology business
incubator helping biotech and cleantech startups increase their
probability of success, today announced that its board of directors has
appointed Chris Ilsley to CEO and President. Ilsley joins as the
organization reaches the 10-year mark, capping a year of growth and

Ilsley spent a career driving innovation and entrepreneurship in areas
ranging from biotech and cleantech to big data and has previously
connected the New England region with the United Kingdom as the Head of
Science and Innovation with the office of the British Consulate-General
in Boston.

“Innovation is something this whole region excels at, it’s not just
about Kendall Square and Boston. The talent pool is all around Greater
Boston, and that’s a perspective you get when you come from the UK or
Europe or Asia. The Cummings Center in Beverly, where NSIV is located,
holds 60 life sciences companies. That’s significant,” Ilsley said.

NSIV Celebrates a Decade of Success

This year NSIV celebrates its first decade and just recently expanded
its footprint at the Cummings Center in Beverly by opening a 13,000
square foot facility that includes co-working, wet labs and a maker
space. Since its inception the company has incubated 41 companies that
have created 295 jobs, many of which are in the North Shore of
Massachusetts. Recently the International Business Innovation
Association named NSIV the
Dinah Adkins Technology Incubator of the Year and the Cummings
Foundation awarded the incubator a ten-year
$200,000 sustaining grant.

“Chris is the right person to take NSIV into the future,” said outgoing
CEO and President Martha Farmer. “We have spent a decade building a
solid base and honing our ability to provide the unique mentorship and
incubation support network that will help attract local startups or
companies from Europe to settle in the emerging clusters outside of the
urban core.”

Ilsley Brings Experience Growing Innovation

With his experience working in the innovation sector, Ilsley understands
how to develop the partnerships that will drive and sustain an
innovation cluster. In addition to his work with the British Consulate,
he has also mentored companies at MassChallenge and at MIT, and helped
grow investment in the life sciences in both the US and the UK. He spent
the early part of his career at pharmaceutical giant Novartis in
business development.

“With the track record for incubation, NSIV is in a perfect position to
act as a landing place for international companies that are looking to
access and expand in the US market. This is in addition to the work we
do growing and incubating companies that get started locally. There is
also great growth potential in the cleantech arena around those with
wetlab needs, like companies focusing on such technologies as synthetic
biology, biofuels, water reclamation and even microbes that can save the
plant from plastic,” Ilsley said.

The search to replace Farmer was conducted by the NSIV Board of
Directors over the past year. The search committee was assisted by
Lauren Celano of Propel Careers.

“We worked hard to find a dynamic individual that could lead NSIV into
its next decade,” said Harry McCoy, Co-founder and Chair of the NSIV
Board of Directors. “We appreciate both the experience and enthusiasm
Chris brings to building and fostering communities and connections, and
his clear passion for assisting startup companies on their paths to

About NSIV

North Shore InnoVentures (NSIV) is a non-profit 501(c)(3) business
incubator headquartered in the burgeoning cluster of more than sixty
life sciences and cleantech businesses at the Cummings Center in
Beverly, MA. NSIV is dedicated to accelerating the growth of innovative
early-stage life sciences and cleantech businesses and supporting the
economic growth of Boston’s North Shore. Its management, board of
directors, advisory board, and mentors bring a wealth of
entrepreneurship experience in addition to business development and
technical expertise. Further support comes from sponsors who contribute
marketing, legal, operational and educational services. For more
information, visit http://www.nsiv.org.

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