Luminogenics's blog
Newly funded companies will create jobs, offer medical advancements, and more
PHILADELPHIA, PA (www.sep.benfranklin.org) – Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) recently approved investments totaling $800,000 for five early-stage Pennsylvania companies with promising technology innovations.
“We are encouraged to see the steady flow of early-stage companies during these difficult economic times. We are proud of these five companies for developing innovative technology and creating jobs throughout our region,” said RoseAnn B. Rosenthal, President & CEO of Ben Franklin Technology Partners of Southeastern Pennsylvania.
The Center’s Flagship Investment Program provides working capital to early-stage companies
For Immediate Release: Date: February 24, 2010
Contact: Angus G. McQuilken, MLSC VP for Communications
Phone: (617) 921-7749 Email: amcquilken@masslifesciences.com
Waltham, MA – The Board of Directors of the Massachusetts Life Sciences Center today approved the launch of the 2010 Accelerator Loan Program, the second year of the Center’s flagship investment program that provides working capital to early-stage life sciences companies. The Center will begin accepting online applications on Wednesday, February 24th, 2010 with an application deadline of Wednesday, March 24, 2010. A subsequent round will be conducted in the fall, with application dates to be announced. Applications will be accepted via the Center’s web site at www.masslifescience.com.
The Program has been capitalized with $5.5 million for 2010. This year’s program will offer loans of up to $750,000 per company, an increase from the 2009 maximum loan amount of $500,000. The Program seeks to “de-risk” start-up companies that are in need of financing to serve as flexible working capital or for the purchase of capital assets to help selected companies achieve product development milestones and obtain private investment. In addition, the loan terms will now include a warrant which will give the Center the right to purchase equity in the company at a specific price within a certain time frame.
For Immediate Release: Date: 02/24/10
Contacts:
Massachusetts Life Sciences Center
Angus G. McQuilken, Vice President for Communications
Phone: 617-921-7749 Email: amcquilken@masslifesciences.com
WPI/Gateway Park
Michael Cohen
Phone: 508-868-4778 Email: mcohen@wpi.edu
Grant leverages $25 million private investment for development of a new facility that will create jobs, house young companies and provide training programs in the life sciences
Waltham, MA— The Massachusetts Life Sciences Center Board of Directors today awarded a $6.6 million grant to Worcester Polytechnic Institute (WPI) to support the next phase of life sciences related development at Gateway Park in Worcester. The grant leverages $25 million in private investment for the development of a new 80,000-square-foot life sciences facility anticipated to create 120 construction jobs and 142 new permanent jobs at completion.
The grant supports the development of WPI’s Biomanufacturing Education and Training Center (BETC); a new incubator for Massachusetts Biomedical Initiatives (MBI); and expanded academic and research space, including new facilities for the Massachusetts Academy of Math and Science. The BETC is planning a 10,000-square-foot facility that will provide hands-on biomanufacturing training to support industry workforce development. MBI is planning to expand its incubator resources by developing a new wet-lab core facility to help more companies launch, grow and provide jobs. MBI currently operates three life sciences incubators in Central Massachusetts (one of which is located in the first Gateway Park building) and has graduated 30 companies, creating 265 new jobs since 2000.
For Immediate Release: Date: February 11, 2010
Contacts:
Dr. Andrew Fox Angus McQuilken
President & Founder Vice President for Communications
Wadsworth Medical Technologies Massachusetts Life Sciences Center
Cell: 508-789-6531 Cell: 617-921-7749
CEO says he’s “paying it forward” for Life Sciences companies in the state
Westborough, MA – Wadsworth Medical Technologies today announced it has replaced its two out-of-state manufacturers and suppliers with companies based in Massachusetts. The Westborough-based medical device company has hired Baril Corporation of Haverhill and G&F Industries of Sturbridge to produce and distribute DermaLOC, its non-invasive, needleless wound closure system. Wadsworth hopes that its decision will help create jobs in Massachusetts and increase the tax base in these communities.
“The decision to relocate our manufacturing and distribution operations to Massachusetts was a no-brainer,” said Dr. Andrew Fox, President & CEO of Wadsworth Medical Technologies. “There are so many networks within the Commonwealth to support the growth and development of small life sciences companies like Wadsworth that it didn’t make sense to deal out-of-state.”
Last year, Wadsworth Medical Technologies received an Accelerator loan from the Massachusetts Life Sciences Center, a quasi-public agency tasked with stimulating the life sciences sector in Massachusetts. Fox says he sees this decision to support Massachusetts manufacturing and supply companies as a way to “pay it forward.”
For Immediate Release
February 3, 2010
Media inquiries
(Tucson, Arizona) Today, the Vail School District broke ground on the Vail Academy & High School, the district’s first K-12 school and the nation’s first K-12 school located at a university research park.
Vail High School began offering classes at the Tech Park in July 1997. Vail Academy (K-8) will join the already established Vail High School at a new site in the Tech Park. The 34,000 square foot facility is scheduled to open in July 2010.
The K-12 school will house 225 K-8 students and 225 high school students. Each grade level will accommodate approximately 25 students. The small class size provides an interactive environment where students receive personal attention. The K-12 model allows the curriculum to build on the previous grades' teaching, which provides a consistent educational foundation and the development of vast knowledge around important concepts.
FOR IMMEDIATE RELEASE: Date: 1/27/10
Contact:
Angus G. McQuilken
Vice President for Communications
Cell: 617-921-7749
amcquilken@masslifesciences.com
$3 million available to match federal grant funding for early-stage life sciences companies
Waltham, Massachusetts –The Massachusetts Life Sciences Center, a quasi-public agency tasked with implementing the state’s ten year, $1 billion Life Sciences Initiative, today launched a new Small Business Matching Grant (SBMG) program that will match federal small business grant funding for early-stage life sciences companies in Massachusetts. $3 million will be made available for the program for Fiscal Year 2010. The Center will begin accepting on-line applications for the new program on Monday, February 1, 2010. Applications will be submitted via the Center’s web site at www.masslifesciences.com.
Showcase your business; get exposure to local investors and business leaders and compete for a chance to win $25,000 in cash!
Open to all for-profit companies headquartered in the nine-county, Greater Rochester New York Region, this annual contest encourages entrepreneurship and recognizes new, high-growth ventures. Learn about the contest. Register for the contest starting February 1, 2010.
The finalists will present before a live audience and panel of judges. The winners will be announced at the 2nd Annual Celebration of Entrepreneurship Luncheon Friday, April 30th, 2010. Register for the luncheon.
Prizes
- Contest finalists will receive significant community exposure and marketing services from Dixon Schwabl
- 1st, 2nd, and 3rd place winners will also receive cash prizes and free office space at HTR’s Lennox Tech Enterprise Center or Rochester BioVenture Center
Sponsorships
Support entrepreneurship in our community. Become a sponsor of the contest! Contact Jackie Spiro for more information.
Contest Information and Guidelines
Bread Board's NextFab Studio opened January 22, allowing students, adults, researchers and companies to fabricate and prototype novel designs in 3D. NextFab and Bread Board's Esther Klein Gallery which had an opening for the Brower Jet Propulsion Laboratory in conjunction with the open house, brought the public into the Science Center to share in the excitement and possibility that is always present.
The 3,600 square foot production space much like the gallery across the street meets a number of needs. It provides access to the materials that will generate both conceptual and physical innovation, so that the life cycle of information and commerce may perpetuate.
RoseAnn B. Rosenthal spoke to the U.S. House Committee on Science and Technology with advice for
the Department of Commerce’s new Office of Innovation and Entrepreneurship
WASHINGTON, D.C. (www.sep.benfranklin.org) – RoseAnn B. Rosenthal, President & CEO of Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), yesterday testified before the U.S. House Committee on Science and Technology’s subcommittee on Technology and Innovation.
Rosenthal was asked to testify because of her track record in Pennsylvania’s technology community, expertise in the industry, and role within Ben Franklin. Since 2001 alone, Ben Franklin has committed more than $50 million to over 500 early stage companies, which have created or retained over 7000 high-tech jobs. During that time Ben Franklin’s portfolio companies have raised more than a billion dollars in follow-on investment.
