Pittsburgh based Sharp Edge Labs, a former NSIV member company, announced that it has entered into a drug discovery collaboration agreement with Sumitomo Dainippon Pharma Co. Ltd. Sharp Edge focuses on discovering drugs to treat genetic disorders of protein trafficking. CEO Scott Sneddon explained that the collaboration “takes advantage of the synergy between Sumitomo Dainippon Pharma’s expertise in CNS drug discovery and development, and Sharp Edge’s unique cellular biosensor technology.”
Hydropower is coming! The long awaited arrival of an Archimedes screw ended with a flawless installation at the Hanover Pond dam on Tuesday, December 20, 2016 in Meriden, CT. This is the first city in the United States to install this technology which will transform a dam into a hydroelectric generator. North Shore InnoVentures member Michael Kerr, CEO of New England Hydropower, was quoted saying, “it is renewable energy, zero emissions, using a water resource that used to drive all our industry in New England 100 years ago.”
Cellanyx Diagnostics’ Live Tumor Cell Phenotypic Risk Stratification Test Data from ‘Normal’ Tissue Samples Recognized at AdMeTech Foundation’s First Global Summit on Precision Diagnosis for Prostate Cancer with Second Place in Poster Competition.
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.