Finance Roundup: Ultra Light Startups, Amoskeag Business Incubator

New England Tech Stock Index

In today’s Finance Roundup, a bootstrapping group meets in Cambridge, a New Hampshire incubator gets funding from an incubator incubator, and Philips buys Teletrol. 

• Ultra Light Startups helps entrepreneurs network, build business

A new networking group for bootstrapping technology startup founders meets for the second time in Cambridge tonight …

“I think there’s a lot of groups out there that are specifically trying to put entrepreneurs in touch with investors and I’m avoiding that route,” Lawlor said. “Ultra Light is really about trying to build a business rather than trying to get investment.”

• Philips acquires Teletrol Systems Inc.

The Manchester, N.H., company supplies software platforms to allow retailers and other multi-site building owners to control lighting, temperature and other energy intensive aspects of a building. Founded in 1985, the company employs about 37 people in Manchester. 

• New Hampshire business incubator nears federal funding

The Amoskeag Business Incubator (ABI) in Manchester, N.H., is a step closer to receiving a $120,000 federal appropriation to help it establish a “soft landings international incubator” designation with the National Business Incubation Association (NBIA) in Athens, Ohio, the incubator announced yesterday.

• TransMedics lands $2.5M funding

TransMedics Inc., an Andover-based medical device firm, has raised $2.5 million in a debt offering, according to a regulatory filing. The company, which was launched in 1998 to provide more effective organ transplant support technologies, submitted the filing with the U.S. Securities and Exchange Commission last week. The filing notes 13 investors participating in the debt financing, though it does not identify the backers.

• DARPA feeds $155M to Raytheon for military wireless network

Under the contract, Raytheon will provide DARPA with the Mobile Ad-Hoc Interoperability Gateway (MAINGate), which is intended to integrate any combination of heterogeneous military, civil or coalition radios into a single network to facilitate communication among disparate systems

• Datapoints: Venture capitalist confidence is falling

When asked if they are more confident in the state of the VC industry than they were six months ago, most of 137 VCs said no.

Posted by Brendan Lynch

Tags: Amoskeag Business Incubator, National Business Incubation Association, Philips, Raytheon, Teletrol Systems, TransMedics, Ultra Light Startups, VCs

This entry was posted on Thursday, July 16th, 2009 at 11:31 am and is filed under Financial Services, Life Sciences, Massachusetts, New Hampshire, Public Policy, Startups. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.