August 25th, 2016 Funding will go towards expanding the region’s biotech industry with a new business incubator space Salem, MA – Today, the Office of Congressman Seth Moulton (D-MA) announced that the U.S. Department of Commerce¹s Economic Development Administration (EDA) has awarded a $1.4 million dollar grant to Endicott College and North Shore InnoVentures in Beverly. This investment will create nearly 350 new jobs in the district and significantly expand the region¹s biotech industry, while spurring private investment in the life sciences sector. “This substantial federal investment in Beverly will expand our region’s biotech innovation sector and create nearly 400 jobs right here in the district,” said Congressman Seth Moulton. “I’m grateful to the Department of Commerce for making an investment that will enhance economic development, create new jobs, and solidify our state¹s role as a national leader in the life-sciences industry.”
Woman-led technology incubator will boost efforts to support entrepreneurs developing biotech and cleantech startups BEVERLY, Massachusetts, September 1, 2016. North Shore InnoVentures (NSIV), one of New England’s leading technology incubators and business accelerators, announced today that it received a highly competitive award for $50,000 from U.S. Small Business Administration’s Accelerator Growth Fund Competition. NSIV was one of only three award winners in the Commonwealth of Massachusetts. In the third year of the award, the SBA received over 400 applicants. In total $3.4 million will be distributed to 68 winners to boost the economic impact of accelerators across 32 states and the District of Columbia and to continue building the support structure needed to help startups become commercially viable and create jobs more quickly.
Learn more about NSIV, featured in this video clip taken from the Beverly Economic Development Showcase held June 1, 2016.
August 15, 2016 – “Grow North, Young Biotech Startup” as posted by Travis McCready, President & CEO, Mass Life Sciences Center
Thrive Bioscience, a manufacturer of automated cell culture management systems, and the Harvard Stem Cell Institute (HSCI), Cambridge, Massachusetts, announced an agreement last week under which Thrive will develop instruments for the growth and maintenance of induced pluripotent stem cells (iPSCs). The agreement includes development of automated iPSC protocols critical to HSCI and its researchers. HSCI plans to utilize the Thrive systems within the Harvard Stem Cell Institute iPS Core Facility and affiliated research sites.
Genomic Expression, first mover in making RNAsequencing actionable in oncology, announced that it has won the Red Herring Top 100 North America award and has also been recognized by Sir Richard Branson. The award recognizes leading private companies, celebrating these startups’ innovations and technologies across their respective industries.
New England Hydropower Company (NEHC), a member of North Shore InnoVentures, has added two summer interns. Joining NEHC from Worcester Polytechnic Institute (WPI) and University of Massachusetts Lowell, the students will be working here and at a construction project in CT – NEHC’s first Archimedes Screw Turbine installation in the US.
NSIV member, CrowdComfort, was featured in the WSJ last week in an article about high tech approaches being used to resolve the constant battle around the office thermostat. In addition to reporting uncomfortable conditions, CrowdComfort’s app leverages crowd-sourced occupant feedback to improve safety and operations in workplaces, unlock efficiencies in facilities management and preventative maintenance, increase employee productivity, and more.
North Shore InnoVentures grad, Arctic Sand, voted one of EE Times “Silicon 60 – Hot Startups to Watch” announced in February, 2016, completion of a $19M Series B Financing round. The company, headquartered in Burlington MA, has the industry-leading ARC1C0608 LED boost converter – the most efficient thinnest and smallest LED driver IC on the market for tablet / mobile computing applications. In March, 2016, Arctic Sand launched its ARC1C0608 IC – a ‘triple-play’ delivering industry leading power conversion efficiency, in the lowest ‘z’ height profile and smallest footprint in the industry. The ARC1C0608 is an LED driver that is so efficient that it is able to save 0.5W (in a typical 2 W host platform) when deployed in backlights for tablets and other smart mobile devices, thus enabling a new generation of low power, long battery life, ultra-thin devices.
SolidEnergy began in 2012 at North Shore InnoVentures, a nonprofit technology incubator at Cummings Center in Beverly. In 2013, in collaboration with A123 Venture Technologies, it opened a 3,000-square-foot R&D lab in Waltham. SolidEnergy Systems is moving from Waltham to Woburn and expanding its footprint from 3,000 to 23,000 square feet. The MIT spinoff will relocate in August to its new headquarters at Cummings Properties’ 35 Cabot Road property. SolidEnergy developed an “anode-free” rechargeable lithium metal battery with twice the energy density of conventional batteries. Independently verified by third parties, the battery has a demonstrated capacity of 1200Wh/L (watt hours per liter) and 400Wh/kg (watt hours per kilogram), enabling smart phones to last twice as long and electric cars to travel twice as far. The firm is working with leading consumer electronics and auto companies, and expects its battery to be used in drones, watches and wearables, smart phones and, ultimately, electric cars. Pilot-scale battery production will begin in September, with delivery to customers planned for later this year.