South Shore Bank is a Proud Sponsor of QUBIC Labs and its Work in Developing our Innovation Ecosystem

South Shore Bank is thrilled to be a corporate sponsor of QUBIC Labs, a start-up incubator that recently opened in Quincy. The workspace focuses on helping tech entrepreneurs and innovators develop world-class companies. 

South Shore Bank President and CEO James Dunphy says, “With the city of Quincy continuing its rebirth, having an incubator like QUBIC is a natural addition to support the growth and vi-brancy in our community. We are excited to be part of these new ventures and the excitement of Quincy’s growing economic impact in the region.”

“South Shore Bank was on board from the start,” says co-founder John O’Keeffe. “They are our first local financial sponsor, and it’s been fantastic to have them say ‘yes’ from day one. When you try to set up something new, most corporate entities stand back and wait, but South Shore Bank immediately saw that a start-up hub in Quincy would provide regional innovation, jobs and economic growth.”

O’Keeffe, along with QUBIC Labs’ co-founder, Quincy City Councilor Ian Cain, recognized that Quincy’s underlying infrastructure and revitalization make it an alternate destination for en-trepreneurs who face barriers to entry in Cambridge and Boston. FoxRock Properties donated a 14,000 square-foot space in the Hancock Street Citizens Bank building to QUBIC Labs, which calls itself a “concierge for your start-up.” In addition to providing the space and technology where entrepreneurs can work and make connections, QUBIC Labs provides strategic support through monthly meetings and mentorship programs. Co-working facilities are also available for local businesses and startups.

O’Keeffe says, “I am always surprised at the grit and resilience that entrepreneurs have. It’s in-spiring to see them working on ideas, full steam ahead. Obstacles facing entrepreneurs can in-clude rough commutes, high costs of living and overhead. Innovators can’t pay for product de-velopment if they have to use all their resources to pay the rent. Ian and I saw the need for a home-base that supports tech start-ups without costing them a fortune. We are grateful to spon-sors like South Shore Bank, who have been instrumental in making this initiative possible. Tech jobs are the future, and we aim to create jobs and stimulate the economy.” 

O’Keeffe and Cain bring an extensive mix of insight and knowledge to their endeavor: O’Keeffe earned his Master’s degree in entrepreneurism from the University of Limerick and, among other positions, worked as a vice-president at Congress Wealth Management and then as the Executive Director of Cristo Rey Boston High School. Cain received his MBA from Duke University and is president of The Highpoint Group, which provides strategic advisory and capital expertise to the public, private and nonprofit sectors. He has significant business development and private equity experience and has been a Quincy City Councilor since 2016. 

O’Keeffe says, “James Dunphy and the South Shore Bank team have been extremely responsive and supportive. They are a big part of this start-up accelerator that will bring jobs and even more energy to this historic area.” 

By Erica Ford

Pictured: John O’Keeffe Co-Founder, Chief Executive Officer QUBIC Labs; Jim Dunphy CEO South Shore Bank; Ian Cain Co-Founder, Executive Chairman of the Board QUBIC Labs

View more posts about