Today's News
March 12, 2010

FDA OKs Boston Scientific heart stent

The U.S. Food and Drug Administration has approved a new Boston Scientific Corp. heart stent system that company officials said is the first of its kind to be approved for improving bloodflow to the legs.

Collaboration revenue gives Synta $79.1M profit

Despite reporting a fourth quarter loss, Lexington-based biotech Synta Pharmaceuticals Corp. ended 2009 with a net profit of $79.1 million thanks in large part to deferred revenue through a broken partnership with GlaxoSmithKline.

A123 Systems to make batteries for Navistar electric trucks

Battery technology company A123 Systems Inc. will be making its lithium ion battery systems for electric vehicles for truck company Navistar International Corp. under a new deal that will provide the batteries to a joint venture between Illinois-based Navistar and Japanese company Modec Inc.

Web startup RunMyErrand to move execs west

After winning West Coast VC cash and a spot in Facebook Inc.’s startup incubator program, RunMyErrand Inc. is moving its top three startup executives to a new office in San Francisco; but founder Leah Busque said the move may not be permanent.

UMass notches record research spending year

The University of Massachusetts has hit a record high in spending $489.1 million on research endeavors in Fiscal Year 2009. The amount represents a single-year increase of 12.4 percent — higher than the national average of 5.2 percent.

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Plummelo Inc.

Employees: 4
Founded: 2008
The Pitch: Plummelo is looking for angel funding to add social networking features to its website and to partner with a grocery store chain. 
 

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    Lander, other Genome Project researchers win U.S.'s biggest medicine prize

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    Albany Medical Center Prize has awarded its annual prize in Medicine and Biomedical Research, considered “America’s Nobel,” to three U.S. scientists — including Dr. Eric Lander, president and director of the Broad Institute — who have played a key role in the Human Genome Project, a mapping of the human genetic blueprint.

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    Women to Watch 2010

    Mass High Tech’s Women to Watch program honors 10 New England-based women each year who are leading the way in entrepreneurship, technological innovation and lifelong learning.

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    Read the profiles of 2009 and past winners »

     

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    High Tech All-Stars Celebrate the Mass High Tech All Stars

    Each year, Mass High Tech honors the New England tech industry’s pioneers and leaders from such sectors as: Advanced Energy, Biotech, Electronics, Hardware, Internet, Medical Devices, Software and Telecommunications. We also recognize those in support services who make it possible for entrepreneurship to thrive in the region, including lawyers, financiers, educators, public policy makers and association representatives.

    Almost 400 members of the innovation community gathered at the Boston Park Plaza Hotel to honor the 2009 MHT All-Stars. You can read the profiles of the 15 honorees and past recipients, and learn more about the awards reception.

    Now it’s time to look ahead to 2010, and the 15th Annual MHT All-Stars program. Nominations are now open, and we encourage you to submit the names of the people that you view as the leaders of your industry sector. Who provides ideas, innovation and vision? Which executives have changed the way people do business in your industry? Who are the thought leaders in your market? Who are the trailblazers for new technologies, the market makers for New England? Help us identify these leading players by nominating them now.

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    Watch here for information on upcoming forums and highlights from recent forum events:

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      "High risks, high rewards: Avoiding the pitfalls of partnerships"
           Entrepreneurs and experts will explore the dangers of jumping into a partnership too early, strategies for due diligence in potential partners and strategy distinctions between longer-term operational partnerships vs. onetime product alliances.
       
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    Tech CitizenshipTech Citizenship: How is your company giving back to the community?

    Mass High Tech annually honors New England technology companies that use their innovation to improve their communities as part of our Tech Citizenship Awards program. Now is the time to detail how your organization has helped charities and other non-profits through financial contributions, staff time, technology or other forms of assistance. The 24 outstanding tech citizens were honored at a breakfast event at the Seaport Hotel. Read about their charitable efforts and learn how they met the criteria to be named a Tech Citizen. Their stories offer ideas from which we can all learn.

    Know a generous company? Nominations are open for the 2010 Tech Citizenship Awards.

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    New England Tech Stock Index The New England Technology Stock Index (NETSI) provides a snapshot view of the performance of the region’s publicly traded companies. View the index »

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    Women’s wisdom comes back around

    By Michelle Lang If you’ve ever heard the lyrics to Brad Paisley’s “Letter to Me”, you know that the country crooner made a song of taking his adult wisdom and imparting it on his 17-year-old self, reminding him not to bother arguing with his dad, to enjoy the adventure of his date with Bridget, and to thank his teacher for spending time with him. The same concept is done daily by pa...

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    Udine4Less.com

    Founded in 2007, Udine4less.com is an online portal for coupons, menus, specials and other restaurant-related items. The company is based in Gloucester.

     

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    Business Calendar

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    Mar. 15th

    Building Better Bioclusters: Critical Elements for Success at the Intersection of Academia, Business and Society

    This symposium will examine how various U.S. and U.K. universities and institutes manage their IP and licensing of university-developed technologies.

    Mar. 16th

    Adobe® InDesign® CS4: Basic Workshop

    In this course, you'll work with some of the tools and features of Adobe InDesign CS4 to create eye-catching printed documents. Intended Audience: This course is intended for graphic designers, creative professionals, print professionals, publishers, pre-press professionals, and marketing communications professionals.

    Mar. 16th

    PEN 2010 Business Plan Contest

    The Princeton Entrepreneurs' Network of Boston is holding its annual Business Plan Contest. This is an excellent opportunity for those who wish to bring their ideas to market to connect with and get feedback from seasoned entrepreneurs, venture capitalists and other service providers.

    Mar. 16th

    XPX Summit: Engage, Educate and Exit: Delivering Value to the Owner-Managed Business

    Join other trusted advisors and business owners for an educational and inspiring opportunity to share firsthand accounts, exchange best practices and learn from other practitioners who are responsible for advising the business owner on issues surrounding their exiting goals.

    Mar. 16th

    Boston World Partnerships: Odd Pairing Experiment

    Our One Year Anniversary celebration will also mark the launch of our new event series, the Odd Pairing Experiments, with speakers Mayor Thomas M. Menino; Mark Turrell, CEO of Imaginatik; Bill Brett, photojournalist for The Boston Globe; and Sangita Chandra, BWP Connector and Emmy-award winning producer of WCVB’s Chronicle.

    Mar. 17th

    Adobe® InDesign® CS4: Advanced Workshop

    In this course, you will use the advanced features in InDesign to create documents that are attractive and have the highest degree of perfection. You will use Adobe InDesign CS4 to create and design content for print and web. nSight is an Adobe Authorized Training Center.

    Mar. 17th

    Algae and Energy in the Northeast Conference

    Some of the foremost algae researchers and entrepreneurs have been invited to present the current state and projected future of algae as a biofuel feedstock at this 2-day event geared toward researchers, innovators, college students and professionals within the energy, agriculture, academic, business, or government sectors.

    Mar. 17th

    Dinner Program - Making of the Green: How to Set Up Your Own Business

    Come for a presentation about deciding whether to go independent with a business. Even if you don’t plan to go solo, many of the topics, such as career flexibility, branding, and staying current, may apply to you.

    Mar. 18th

    Data Managment Association (DAMA) Special Relativity and the Problem of Database Scalability

    DAMA New England presents Jim Starkey of NimbusDB who will give the talk "Special Relativity and the Problem of Database Scalability"

    Mar. 18th

    Boston SIM March Monthly Meeting: Special CIO Event

    This is a must attend Boston SIM event for anyone interested in reaching or staying in the C suite as the program will provide valuable perspectives on the changing role of the CIO.

    Mar. 18th

    Biotech and Pharma Manufacturing Sustainability: New Efficiencies and Cost Savings

    This presentation will focus on pharmaceutical and biopharmaceutical process improvement, including single-use technology, at-line material recovery, waste recovery and plant profit optimization.

    Mar. 18th

    Optics: Polarization, Beauty and Applications

    Meet other optics professionals and learn about polarization from one of U of R's most engaging speakers, Prof. Tom Brown.


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