Next Big Thing: Breakthrough Innovation

Stanley Black & Decker is opening a new Breakthrough Innovation center in Boston, which is intended to host research dedicated to advancing its Stanley Security business.

"We recognize that technological innovation is changing the world at an exponentially accelerating pace and that being at the forefront of disruption is essential to success," said Jim Loree, Stanley Black & Decker's president and CEO. "Today marks the opening of the company's 11th breakthrough innovation center around the globe and this team in Boston will be dedicated to ensuring that we develop the most innovative solutions in the security space."

The Stanley Security Futures Innovation Factory will initially employ approximately 20 people in Boston's Seaport District. It'll be focused on uncovering disruptive business models and exploring security technology, with a special focus on automation, additive manufacturing and artificial intelligence in the Security space, as well as the rapid commercialization of breakthrough technologies.

"Stanely Black & Decker is a global leader in electronic security solutions, and I am proud to welcome the Stanley Security Futures Innovation Factory to the City of Boston," said John F. Barros, Chief of Economic Development, City of Boston. "Boston's innovation ecosystem of talent, concentration of technology companies, and collaborative entrepreneur community will help the Future Innovation Factory grow and thrive while Stanley Security tranforms the security technology industry."

The facility opened its doors on Monday, July 24, in a brand new space located at the Innovation and Design Building in the Seaport area.