Mar 31 2014

NSIV Receives $1.65 Million from the Massachusetts Life Sciences Center

by Rosemary Brutico

Contacts: Martha Farmer, Ph.D. President & CEO North Shore InnoVentures 508-527-1832 Click here to start an email Media: Paul Sagan KCSA Strategic Communications 617-852-0495 Click here to start an email North Shore InnoVentures Receives $1.65 Million from the Massachusetts Life Sciences Center Award is part of $5 million grant to Colleges and Incubators to fund Lab/Facility and Equipment Upgrades in North Shore region BEVERLY, MA, March 28, 2014. North Shore InnoVentures, (NSIV) one of New England’s leading technology incubators and business accelerators, announced today that it has received a capital grant of $1.65 million from the Massachusetts Life Sciences Center (MLSC). The grant will allow NSIV to expand its current laboratory facilities over the next three years and purchase advanced analytical instrumentation. This grant is part of a larger $5 million award to the Life Sciences Consortium of the North Shore (LSCNS), consisting of Endicott College, Gordon College,North Shore InnoVentures, North Shore Community College and Salem State University, and will fund major lab/facility and equipment upgrade projects at the member institutions and organizations.

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Oct 10 2013

North Shore InnoVentures Announces Graduates and Adds New Cleantech Startup to Its Portfolio

by Rosemary Brutico

FOR IMMEDIATE RELEASE: October 10, 2013 Contacts: Martha Farmer, Ph.D. President & CEO North Shore InnoVentures 508-527-1832 Click here to start an email Media: Paul Sagan KCSA Strategic Communications 617-852-0495 Click here to start an email North Shore InnoVentures Graduates Two Cleantech Companies and Adds a New Cleantech Startup to Its Incubator Portfolio Beverly business accelerator also receives $70,000 in grants from Mass. Clean Energy Center and City of Beverly BEVERLY, Massachusetts, October 10,  2013. North Shore InnoVentures, (NSIV) one of New England’s leading technology incubators and business accelerators, announced today that two of its portfolio companies in the cleantech sector, Energy Compression and Save Energy Systems, have graduated and entered the marketplace. In addition, cleantech startup Crowd Comfort has joined NSIV, for a total of 19 companies now in the incubator. To date, NSIV has graduated ten startups – six in cleantech and four in life sciences.

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Jun 05 2013

North Shore InnoVentures Adds Six New Companies to its Technology Incubator

by Eric Groft

North Shore InnoVentures Adds Six New Companies to its Technology Incubator

FOR IMMEDIATE RELEASE Contacts: Martha Farmer, Ph.D. President & CEO North Shore Innoventures 508-527-1832 Click here to start an email Media: Paul Sagan KCSA Strategic Communications 617-852-0495 Click here to start an email North Shore InnoVentures Adds Six New Companies to its Technology Incubator Startup Companies in Biotech and Cleantech Fields Join Massachusetts Incubator and Business Accelerator BEVERLY, Massachusetts, June 5, 2013. North Shore InnoVentures, (NSIV) one of New England’s leading technology incubators and business accelerators, announced today that six new startup companies in the cleantech and life sciences sectors have joined as members since March 2013, for a total of 21 companies now in the program.

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Apr 12 2013

Atentiv Press Release – 4-4-2013

by Alanah Percy

Press Release Atentiv Inc. Secures $8M Financing to Advance Product Applications to Commercialization and Appoints New Members to Board of Directors Cambridge, Mass. [April 4, 2013] – Atentiv Inc., a company providing consumers, educators, payers and clinicians with digital learning applications for children and adults, today announced it has closed an additional $8 million round of financing. The funds will be used to advance its proprietary technology platform™ the Atentiv™ System— to market. Unlike any other learning system, the Atentiv™ System utilizes noninvasive direct brain-to-computer wireless connection that enables simple and practical training of new attention skills, personalized to the user. Initial product applications are designed to optimize attention skills in elementary and high school children, and early research suggests the technology is a novel potential treatment option for children suffering from attention-deficit/hyperactivity disorder (ADHD). “This financing is recognition of the strength of our technology platform to address attention dysfunction in children and adults. Ongoing clinical studies at two centers in Massachusetts are fully enrolled and early data reinforces what we’ve seen to date™that the Atentiv™ System has the potential to transform the field of behavioral disorders and brain science,” said Eric Gordon, founder, chairman and CEO of Atentiv, Inc. “We look forward to launching additional studies in prominent school systems and educational centers in the United States and Singapore later this year as part of our run-up to product launch.” Atentiv also announced today that it has appointed three new members to the company’s Board of Directors™James T. Bartlett, private investor; Marcia A. Kean, Chairman, Strategic Initiatives, Feinstein Kean Healthcare; and Ernest H. Pomerantz, Chairman, StoneWater Capital. With these additions, the Board of Directors now consists of five members, including Robert Taber, Ph.D., Senior Advisor to the Chancellor for Global Strategies, Duke University Medical Center and Eric Gordon, Founder, Chairman and CEO, Atentiv, Inc. Commenting on the appointments, Eric Gordon said, “We are very pleased to add the deep experience and industry knowledge of these three respected individuals to our Board. We look forward to their contributions as we continue to develop and advance personalized educational tools to improve personal productivity.” About the Atentiv™ System The Atentiv™ System is a novel, non-pharmaceutical, digital cognitive therapy platform that delivers sustained and measurable improvements in attention control for individuals. The system leverages a proprietary, non-invasive direct brain-to-computer interface to measure a user’s unique ‘cognitive signature’. Initial product applications are designed to optimize attention skills in elementary and high school children. Other customized applications in development include memory, reasoning, multitasking and for such disorders as Alzheimer’s disease. About Atentiv Incorporated: Atentiv Inc. is a privately held company providing consumers, educators, payers and clinicians with digital learning applications for children and adults. Based in Cambridge, MA, the company specializes in delivering personalized, non-pharmacologic, digital learning systems to improve cognitive function in children and adults. Media Contact for Atentiv: Kerry Littmann: 617-761-6794 Click here to start an email For Business Development Contact: Eric Gordon: 508-954-0494 Click here to start an email Website: www.atentiv.com

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Dec 10 2012

NSIV Member Atentiv Inc. Featured as Top Company to Watch in 2013/2014

by Eric Groft

Media Contact for Atentiv: Courtney Harris: 617-671-6744 Click here to start an email For Business Development Contact: Eric Gordon: 508-954-0494 Click here to start an email Website: www.atentiv.com Atentiv Inc. Featured as Top Company to Watch in 2013/2014 in SharpBrains’ Digital Brain Health Market Report Recently published study shows an application of the Atentiv™ System is a potential new treatment for ADHD in children.

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Dec 04 2012

North Shore InnoVentures Announce that Seven Companies have “Graduated” from its Technology Incubator

by Eric Groft

  FOR IMMEDIATE RELEASE Contacts: Martha Farmer, Ph.D. President & CEO North Shore Innoventures 508-527-1832 Click here to start an email Media: Paul Sagan KCSA Strategic Communications 617-852-0495 Click here to start an email North Shore InnoVentures Announce that Seven Companies have “Graduated” from its Technology Incubator Four Recent Graduate Companies Begin Commercial Operations and Secure More Than $12 million in Venture Funding BEVERLY, Massachusetts, December 4, 2012. North Shore InnoVentures, (NSIV) one of New England’s leading technology incubators and business accelerators, announced today that four of its client companies have “graduated” from the incubator in recent months and have begun commercial operations. Seven companies have graduated from NSIV in total. NSIV also announced that three new companies in the cleantech and life sciences sectors have joined as members, for a total of sixteen. “The transition of client companies from startup to commercial operation is the ultimate measure of success for an incubator organization,” said Martha Farmer, CEO of North Shore Innoventures. “Each of our graduating companies are well on their way to establishing a strong presence in their respective fields.” North Shore InnoVentures operates technology business incubators to nurture innovative early stage companies and support sustained economic growth in the North Shore region. NSIV focuses on cleantech and life sciences, two of the strongest technology clusters in Massachusetts, and provides creative business acceleration services that increase the success rate for early-stage companies and their investors. NSIV graduate companies include: Akrivis Technologies, LLC, www.akrivis.com – has developed its proprietary Z-TECTTM technology platform for the early detection and diagnosis of cancer, whether with ultrasensitive in vitro tests or by imaging very small tumors. Arctic Sand Technologies, Inc. – is a fabless semiconductor spinoff from MIT, commercializing a revolutionary breakthrough in power conversion chips that cut energy losses by 75% and reduce size by 10x, all at cost parity. CYTOO S.A., www.cytoo.com – provides technology to normalize cell morphology and behavior whereby improving the robustness, sensitivity and quantification capabilities of cell-based assays and High Content Screening (HCS). kWhOURS, Inc., www.kwhours.com – is transforming the commercial and industrial energy auditing industries with its tablet-based data collection and management software, allowing building energy efficiency professionals to collect asset information, record operating conditions, and manage it more effectively. Magniture Systems, Inc., www.magniture.com – guarantees the reduction of energy use in large facilities and transforms utility data into actionable intelligence to reduce power consumption, improve equipment efficiency and help companies manage their energy use. Sharp Edge Labs, Inc., www.sharpedgelabs.com – has developed next-generation biosensors for cellular biology research and high-throughput screening based on Fluorogenic Activating Proteins (FAPs). 7AC Technologies, Inc., www.7actech.com – has developed ultra high efficiency air conditioning systems that use up to 75 percent less electricity compared to conventional heating, ventilation and air conditioning technologies. In addition, North Shore InnoVentures announced that three early-stage companies have joined the incubator to take advantage of its facilities, cost savings, mentoring and collaboration opportunities. They include: Cellanyx Diagnostics, Inc., www.cellanyx.com – is developing in vitro tissue and cell culturing techniques for use in research and in-vitro diagnostics for prostate cancer. Sextant Therapeutics, Inc., http://www.sextantbio.com – is developing technology that identifies combination drug therapies that cause tumors to alert the immune system and recruit anti-cancer immune responses. SolidEnergy  Systems Corp., http://solidenergysystems.com – is developing a battery that dramatically improves both the safety and energy density of rechargeable lithium batteries at temperatures from -40 to 250 C. “The success rate for companies who have participated in an incubator program has been demonstrated to be nearly double when compared with the typical start-up company, according to studies by the National Business Incubation Association,” continued Farmer. “Recently, several of our graduates reported important commercial successes in their operations, including Akrivis Technologies, who reported a strategic alliance with US Biological Corporation; and Sharp Edge Labs, who moved to expanded lab and office facilities near Carnegie Mellon University for the development of their next generation bioassays.  Two others, Arctic Sand and 7AC Technologies, have raised more than $12 million between them in the last year.” “Being part of North Shore InnoVentures during our critical start-up phase proved to be a key success factor in our transition to commercial operations,” said Joel Berniac, Ph.D., MBA and CEO of Akrivis Technologies, whose company graduated this month. “There are many incubator office spaces available throughout the Boston area, but we found that getting quick access to a fully equipped R&D facility on flexible lease terms was a rare commodity, yet a critical necessity for an early-stage biotech company. But beyond the well-equipped shared lab facilities, the collaboration opportunities we received from other members, along with NSIV’s extensive network of mentors, business contacts and investors gave us an enormous early advantage.” “The early success of these promising ventures demonstrates the value that incubation can have for start up companies,” concluded Farmer. “We look forward to their continued progress in commercializing their unique technologies, and welcome our newest client companies as they begin advancing their businesses.” About North Shore InnoVentures North Shore InnoVentures (NSIV) is a non-profit 501(c) (3) business incubator headquartered at 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. http://www.nsiv.org. ###

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Oct 05 2012

by Eric Groft

October 05, 2012 08:00 AM Eastern Daylight Time  North Shore InnoVentures Announces $88,000 Grant from DOE-CEA Partnership Will Support Massachusetts Technology Incubator in Services & Mentoring for Six Local Cleantech Companies BEVERLY, Mass.–(BUSINESS WIRE)–North Shore InnoVentures (NSIV), one of New England’s leading technology incubators and business accelerators and a member of the Clean Energy Alliance, announced that it has received awards from the Department of Energy Small Business and Clean Energy Alliance Partnership (DOE-CEA Partnership) to provide incubation and specialized services to six of its member companies operating in the cleantech marketplace. The awards total $88,000 and will be paid by the Clean Energy Alliance Partnership to North Shore Innoventures. “Each of the cleantech companies benefiting from these awards will bring world-class technology and talent to the marketplace,” said Tom Kinneman, Vice President and Chief Operating Officer of NSIV. “We are pleased that they have been recognized by the DOE-CEA Partnership program and that we are providing them with additional help on their road to commercialization.” North Shore InnoVentures operates technology business incubators to nurture innovative early stage companies and support sustained economic growth in the North Shore region. NSIV focuses on cleantech and life sciences, two of the strongest technology clusters in Massachusetts, and provides creative business acceleration services that increase the success rate for early-stage companies and their investors. The Department of Energy Small Business and Clean Energy Alliance Partnership was created with a $1.2 million grant through the American Recovery and Reinvestment Act to fund commercialization and acceleration services by CEA member incubators to qualifying small cleantech firms. Qualifying firms have previously received federal financial support, such as Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR) grants, or other Federal awards. The six companies participating in the grant from the DOE-CEA Partnership program include: Energy Compression, www.energycompression.com, is developing an Adsorption-Enhanced Compressed Air Energy Storage (AE-CAES) technology to enable demand-side energy management and renewables integration. Save Energy Systems, www.saveenergysystems.com, has developed a turnkey, integrated HVAC management system using a Demand Limiting Controller (DLC) to reduce business energy costs by 10-15%. Sol-Solution, www.sol-solution.org , is developing a hybrid non-profit/for-profit business model to put solar panels on schools, helping them to save on their energy bills and to reinvest the savings in STEM (Science, Technology, Engineering, and Mathematics) educational programs. Teleos Solar, www.teleossolar.com, is developing thin-film manufacturing technology to increase CIGS solar cell efficiency by up to 50% while improving factory throughput by 25%. TerraVerdae Bioworks, www.terraverdae.com, is developing an advanced biorefinery platform for converting biomass and greenhouse gas (GHG) emissions from agricultural, industrial or municipal waste streams into high value sustainable bio-based products. Vecarius, www.vecarius.com, is developing advanced power and thermal management products to capture and convert waste heat energy lost from vehicles, mobile and stationary generators, and other applications. “CEA is pleased to be able to support CEA member incubator NSIV in providing the critical support services that can help these six promising clean energy start-ups prosper,” said James F. Groelinger, Executive Director of the Clean Energy Alliance. “This is what the DOE-CEA Partnership is all about. We welcome these companies into the Partnership and look forward to watching the impact of this important collaboration during and subsequent to the program.” About CEA The Clean Energy Alliance (CEA) is a national organization of non-profit incubators with a focus on cleantech commercialization. CEA Members are highly-skilled incubators and accelerators that offer a wide range of expertise and facilities in all areas of clean energy technologies. CEA’s mission is to develop and provide to its members practices and resources that support clean energy business incubation, entrepreneurial mentoring and development, and technology commercialization. Nonincubators are also welcome to join CEA.www.cleanenergyalliance.com About North Shore InnoVentures North Shore InnoVentures (NSIV) is a non-profit 501(c)(3) business incubator headquartered at the Cummings Center in Beverly, MA, site of a burgeoning cluster of more than sixty life sciences and cleantech businesses. 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. http://www.nsiv.org. Contacts North Shore InnoVentures Tom Kinneman, 978-996-6997 Vice President and Chief Operating Officer Click here to start an email or Media: KCSA Strategic Communications Paul Sagan, 617-852-0495 Click here to start an email

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Jun 05 2012

Clean Energy Alliance Announces Award to North Shore InnoVentures from DOE-CEA Partnership

by John Coulbourn

Clean Energy Alliance, the national association of non-profit clean energy incubators, announced today that CEA member North Shore InnoVentures (NSIV) has been approved for an award from the Dept. of Energy Small Business and Clean Energy Alliance Partnership (DOE-CEA Partnership) to provide incubation and mentoring services to Save Energy Systems, Inc. (SES). The award is valued at $25,000 and will be paid by CEA to NSIV.

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Jan 14 2012

North Shore InnoVentures receives $200K+ EDA Grant

by admin

North Shore InnoVentures receives $200K+ EDA Grant

North Shore InnoVentures today announced that it received a $211,500 grant from the U.S. Economic Development Administration

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