Category: Cambridge
Massachusetts Life Sciences Center co-sponsors contest and contributes to prize
Cambridge, MA - Aukera Therapeutics has been named the 2010 MIT $100K Entrepreneurship Competition Life Sciences Track Winner. Aukera also won the Audience Choice Award, based on voting by the 1,000 attendees at the Competition’s finale. The company will receive $30,000 in start-up funding from the competition. Also receiving awards were runner-up Invitronix ($5,000) and second runner-up Hydrangle Systems ($3,000). The Massachusetts Life Sciences Center, the agency charged with implementing the State’s 10-year, $1 billion Life Sciences Initiative, contributed $10,000 to support the life sciences track. The Cambridge Innovation Center will be providing the finalists with in-kind support, including workspace.
Center Awards $1.5 million to foster job growth and technology commercialization in the Massachusetts Life Sciences Supercluster
For Immediate Release: Date: May 28, 2010
Contact: Angus G. McQuilken, MLSC VP for Communications
Phone: (617) 921-7749 Email: amcquilken@masslifesciences.com
“This is all about jobs. By helping life sciences companies grow, we create new opportunities for people to work,” said Governor Deval Patrick. “As we continue to strengthen our global leadership in the life sciences, this program will meet an important need and make Massachusetts an even more attractive place for life sciences companies to locate and grow.”
Waltham, MA – The Massachusetts Life Sciences Center’s Board of Directors today awarded $1.5 million in Small Business Matching Grants to three life sciences companies in Massachusetts. The companies receiving grants are Boston Biochem Inc. and Tetragenetics Inc., both of Cambridge and Thermedical Inc. of Somerville. Each company will receive $500,000 from the Center to match federal small business grant funding that the companies had previously been awarded. The grants represent the first round of awards issued under the Center’s Small Business Matching Grant (SBMG) Program. The three companies that are receiving awards have committed to collectively creating 40 new jobs in the Commonwealth by the end of 2011, including six jobs to be relocated from New York.
The Center’s Small Business Matching Grant Program, launched in January 2010 as part of the state’s ten-year, $1 billion Life Sciences Initiative, will match federal small business grant funding for early-stage life sciences companies engaged in life sciences research and development, commercialization and manufacturing in Massachusetts. Goals of the program include the creation of jobs in Massachusetts by the commercialization of products with high potential for market adoption and penetration.
Applications due by July 2nd
For immediate release: Date: May 3, 2010
Contact: Angus G. McQuilken, MLSC VP for Communications
Waltham, MA – The Massachusetts Life Sciences Center announced today that applications are now being accepted for the 2010 Life Sciences Tax Incentive Program. Applications can be submitted on-line via the Center’s web site, www.masslifesciences.com. The application period opens today, and all applications are due by noon on July 2, 2010.
Last year, in the program’s first year, the Center awarded $24.5 million in tax incentives to twenty-six life sciences companies. The companies that received tax incentive awards in 2009 committed to creating more than 800 new jobs in the Commonwealth this year.
The Massachusetts Life Sciences Initiative provides for nine different incentives, which address the significant capital expenditures associated with the life sciences R&D cycle and the high costs of translating research into commercially viable products. Eighty-five companies applied for tax incentives last year, the first year of the program.
To qualify, companies must receive certification from the Center and must demonstrate both the scientific and economic merit of their expansion plans. The primary goal of the program is to incentivize life sciences companies to create new long-term jobs in Massachusetts.
Massachusetts Lieutenant Governor Timothy Murray joins life sciences leaders for ribbon-cutting ceremony
Workforce Development Program will provide internship opportunities for Massachusetts students and recent graduates in summer 2010
For Immediate Release: Date: January 12, 2010
Contact: Angus G. McQuilken, Life Sciences Center VP for Communications
Phone: (617) 921-7749 Email: amcquilken@masslifesciences.com
Waltham, MA – The Massachusetts Life Sciences Center today announced the launch of the Center’s Internship Challenge Program for the summer of 2010, the second year of a workforce development program focused on enhancing the talent pipeline for Massachusetts life sciences companies. The program will provide paid internship opportunities at life sciences companies for up to 150 students and recent college graduates who are considering career opportunities in the life sciences.
Center Awards $25 million to foster job growth in the
Massachusetts Life Sciences Supercluster
For Immediate Release:
Date: December 23, 2009
Contact: Angus G. McQuilken, MLSC VP for Communications
Phone: (617) 921-7749 Email: amcquilken@masslifesciences.com
Waltham, MA – Governor Deval Patrick and the Massachusetts Life Sciences Center announced today that the Center’s Board of Directors has awarded $25 million in Tax Incentives to twenty-eight life sciences companies. The companies receiving tax incentive awards have committed to creating a combined 918 new jobs in the Commonwealth over the coming year.
FOR IMMEDIATE RELEASE Contact:
Tracey Rice
Ligon Discovery
(617) 453-0952
press@ligondiscovery.com
Broad Institute Spinout is Pursuing Drugs for Intractable Disease Targets
Cambridge Innovation Center (CIC)
space@cictr.com
www.cictr.com
Full service incubator charges by the person.
Biogen Idec opened the Biogen Idec Innovation Incubator (bi3) in Cambridge, Massachusetts in December 2007. bi3 provides for and nurtures young companies that are developing molecules with promising drug potential. Tenant companies receive access to laboratory resources, capital assistance, and the expertise of a global biotechnology company. Those three principles of Funding, Facility, and Focus, create an environment where discoveries coming from the research lab may get to clinical settings in a matter of years.
The University of Iowa Research Foundation (UIRF) manages the University’s substantial technology commercialization program and has licensed a number of inventions and discoveries to companies that are collaborating with university faculty and to entrepreneurs associated with the University. Until recently, life science companies spun-out from University of Iowa were located on the UI Research Park but were spread across the Park in a number of different facilities. All of that began to change last November with the opening of the BioVentures Center, The University of Iowa’s new business incubator specifically designed for life science companies.
