SBANE’s Women’s Business Committee is proud to host the first ever Boston NAVSEA SBIR Workshop to actively increase the participation of Women Owned Small Businesses (WOSB) in the Navy’s Small Business Innovation Research (SBIR) Program. Take part in this event to learn how your company can understand not only what the Navy is looking for but also how to successfully engage in the process. Learn more.
MassVentures continues to build out a strong board and participate in helping its portfolio companies grow in Massachusetts. Governor Patrick recently appointed Bill Asher, Partner at Choate, Hall & Stewart, LLP, to the Board of Directors of MassVentures. Mr. Asher brings extensive experience and expertise building great companies and supporting the entrepreneurial ecosystem in Massachusetts. Learn more about Bill’s expertise here.
- an overview of the Worcester region tech ecosystem and the ups and downs of scaling a business there
- A full understanding of the resources available to help grow a business in the region
- Tips for perfecting the pitch
- Networking with legislators
We are pleased, although not surprised, to announce that MassVentures-backed Content Raven came out a winner at the Mass Tech Leadership Council‘s 2014 awards gala. Content Raven graciously accepted the award for Innovative Technology of the Year for their cloud-based content distribution platform. They received the award in front of more than 600 technology leaders and were featured along with companies, HubSpot, athenahealth, Railpod, CloudLock, Axeda and more. To learn more, click here.
When: Thursday, October 23, 2014, 9:30am-3:00pm
Where: WPI, Rubin Campus Center, Worcester, MA
Growing and scaling a business is never easy. It comes with risks in which even the best founders face challenges, make mistakes and face doubt and uncertainty. The ability to monetize your ideas and take them to a broader audience requires skills, surrounding yourself with the right team and the ability to navigate and take advantage of the resources available to you.
Join us for this multi-dimensional program to navigate the opportunities and resources available in the Worcester region to increase your odds of scaling upwards. Also included in the day is a “Pitch it to Win it” program where 10 of Worcester’s top entrepreneurs will pitch in front of a panel of expert judges for feedback and a chance at the crown!
What You’ll Come Away With:
- An overview of the Worcester region tech ecosystem and the ups and downs of scaling well
- A full understanding of the resources available to help grow your business in the region
- Tips for perfecting the pitch
- Networking with legislators including Secretary Greg Bialecki and U.S. Representative Jim McGovern
9:30-10:00am Networking and Registration
10:00-10:10am Welcome by Jerry Bird, President, MassVentures
10:10-11:10am Siezing Opportunities, Overcoming Obstacles
As the second largest city in New England, Worcester and it’s expanding suburbs provide a tremendous opportunity for people to grow their idea into a thriving business. But what is it that may be holding you back? During this hour, let’s discuss what the ecosystem looks like and the opportunities and challenges that exist.
Moderator: Jerry Bird, President, MassVentures
- Ryan Leary, Co-founder, RunningStart
- Art Martin, Senior Business Advisor, MSBDC, Clark University
- Kevin O’Sullivan, President and CEO, MassBiomedical Initiative
- Paul Varadian, CEO, AlumniBridge
11:30-12:30pm Navigating the Resources to Scale
With Boston and Cambridge only an hour from Worcester, the resources available around the State for entrepreneurs to scale their business are abundant. However, determinng what those resources are and how to take full advantage of them can be a puzzle. Let’s discuss these resources – from financing, to mentorship, advisors, partners and potential customers – to help early stage entrepreneurs win in the Worcester region.
Moderator: Mark Rice, Vice Provost for Innovation & Entrepreneurship, WPI
- Jerry Bird, President, MassVentures
- John Harthorne, Founder and CEO, MassChallenge
- Pamela Norton, VP for Industry Relations and Programs, Mass Life Science Center
- Tripp Peake, General Partner, Long River Ventures
- Jim Kenney, Vice President, MassDevelopment
Over lunch we will hear from three special guests:
- Greg Bialecki, Secretary of Housing and Economic Development, State of MA
- Laurie Leshin, President, WPI
- Jim McGovern, U.S. Representative, 2nd District of MA
1:30-3:00 Pitch it to Win it!
For the next 90 minutes, ten entrepreneurs will be given 3 minutes to pitch their business to a panel of expert judges. Following the pitch, each team will receive real-time feedback from our experts. Following the pitch, a winner will be announced with special prizes awarded.
- John Harthorne, Founder and CEO, MassChallenge
- Jennifer Jordan, MassVentures
- Kevin O’Sullivan, President and CEO, MassBiomedical Initiatives
- Nick Pappas, Vice President, MassVentures
- Tripp Peake, General Partner, Long River Ventures
- Joel Schwartz, Sr. VP and GM, Global New Business Development, EMC Corporation
We are pleased to announce that MassVentures-backed Ntirety, a database administration services company headquartered in Dedham, MA, has been acquired by cloud hosting company, HOSTING, for an undisclosed amount. Hosting is a Denver-based firm that builds and operates high-performance clouds for business-critical applications. The organizations are well-aligned and will retain current brand identities and staffing levels in Massachusetts.
“MassVentures was a great investor. They worked with us at the board level to help guide the company, refine our strategy and prepare us for a successful exit,” said Michael Corey, Founder and CEO at Ntirety. “We thank them for their support and recommend Nick and the MassVentures team to any entrepreneur looking for a committed investor that is willing to roll up their sleeves and help build a business.”
“Congratulations to Michael and the entire Ntirety team for having the vision to take an idea, and with dedication and persistence, build a business that was attractive to a strategic buyer,” said Nick Pappas, Vice President, MassVentures. “MassVentures was pleased to be a part of it and looks forward to reinvesting our proceeds back into the tech ecosystem to help other entrepreneurs build great companies here in Massachusetts.”
Ntirety is the pioneer of Database Administration as a Service® for Microsoft SQL Server, Oracle and MySQL databases. Ntirety’s team, which is based 100% in the U.S., consists of Database Experts who work with customers and partners on critical Database projects like Consolidation, Virtualization and Performance Tuning and who also help clients proactively manage their mission critical database and applications through ongoing managed services. Ntirety is one of a handful of companies that has achieved VMware’s Virtualization of Business Critical Applications solution competency for Microsoft SQL Server, MS Exchange and Oracle databases. Ntirety has been successfully audited and certified under the MSPAlliance’s Unified Certification Standard for Cloud and Managed Service Providers (UCS). For more information, please visit www.Ntirety.com.
The British Consulate General of Boston, Nutter, McClennen & Fish LLP and RBS/Citizens Bank have invited 10 of the hottest European startups to Boston for an early-evening of rapid-fire presentations and networking. These high tech companies have been incubated at SeedCamp, the UK’s premier startup accelerator. Hear the best and brightest from “across the pond” as they make their introductions to the Boston-area community. Let’s show them what a thriving tech ecosystem we have here in Boston and with some enticing, we hope that at least one of them will join us on this side of the pond! Details are here.
Request for Proposals for MassVentures
START (SBIR TARgeted Technologies) Program Stage I Grants
March 4, 2014 – MassVentures hereby invites all Massachusetts companies that meet the eligibility criteria set forth below to submit applications to its START program for Stage I grants.
What is START?
START is a program funded by the Commonwealth of Massachusetts to assist Massachusetts companies that have received SBIR Phase II funding to commercialize their technologies. The program was created to assist high growth companies that will grow employment opportunities, promote manufacturing and commercialization, and stimulate innovation across the Commonwealth. The primary objective of the program is to provide funding to commercialization-ready technology companies that have received at least the equivalent of a Phase II Small Business Innovation Research (“SBIR”) or Small Business Technology Transfer (“STTR”) grant from federal agencies such as the Department of Defense or the National Science Foundation, to name two.
Who is eligible?
Any Massachusetts company whose application to the program is not based on a life sciences or energy/clean/green-tech technology and has received a Phase II SBIR within the last four years. It is expected that the qualifying Phase II SBIR would have been awarded by the Department of Defense or a federal agency other than the National Institutes of Health or the Department of Energy. A “Massachusetts company” is one that conducts its research, development, manufacturing and commercialization primarily in the Commonwealth of Massachusetts, and for the purposes of this program commits to continuing to do so. It is expected that START funds will be spent primarily in Massachusetts.
How do I apply?
A detailed description of the application process is located at https://www.mass-ventures.com/start-program/program-application-process/.
When is the Deadline for Applications?
The deadline for submitting applications is Tuesday, April 1, 2014, at 12:00 pm EST.
How Do I Get More Information?
Many of your questions will be answered on our website, including specifically our Frequently Asked Questions page (https://www.mass-ventures.com/start/faqs.html). If you have further questions after reviewing these pages, please contact the START Program Manager, John Fitzpatrick, at email@example.com.
In addition, MassVentures will be conducting a conference call on Wednesday, March 19, 2014 at 2:30 pm at which potential applicants can ask us questions about the START Program and the Stage I application and selection process. The dial in information for that call is below:
When: Wednesday, March 19, 2014 at 2:30 pm
Call-in Info: Dial in #862-902-0240; Pin #7551599
All the program details and eligibility requirements can be found here.
To empower patients and to afford them secure, online, and sharable access to their medical imaging records, lifeIMAGE announced that it has pledged support for Carequality, a new initiative from Healtheway that aims to facilitate interoperability between existing and emerging health information exchange (HIE) networks. For more information on this initiative and lifeIMAGE, please click here.
lifeIMAGE announced today that it has been named the “Category Leader” for Image Exchange in “2013 Best in KLAS Awards: Software & Services,” January 2014, a new report due out later this week*. lifeIMAGE earned a score of 89.2, the highest in the report’s newly incorporated industry segment.
lifeIMAGE is the nation’s largest and most utilized network for medical image sharing. Its services allow physicians, hospitals and patients to securely connect and exchange images, anywhere. It provides simple workflow for managing exams from discs, receiving exams electronically from any outside source, integrating outside images with local systems such as PACS and EMR, and sharing exams with outside physicians and patients.
Our Investment Focus
MassVentures is a venture capital firm focused on fueling the Massachusetts innovation economy by funding early-stage, high-growth Massachusetts startups as they move from concept to commercialization.
MassVentures focuses on Series A investments and considers occasional and opportunistic seed rounds. We provide capital for first-time CEOs and/or founders and consider industry segments not adequately served by the venture community.
Our track record of success combined with our expertise, contacts and support for entrepreneurs makes MassVentures an attractive venture partner for early-stage companies in Massachusetts.
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