Latest News November 22, 2009

Biogen shareholders: CEO pay 'inconsistent' with poor stock performance

One of Biogen Idec Inc.’s largest investors is criticizing CEO James Mullen’s compensation package and other corporate spending initiatives in an effort to goad the company into boosting its stock performance.

Flybridge adds $3M to online pilates equipment business

Flybridge Capital Partners has invested $3 million in a Cambridge Pilates instructor who runs a business selling exercise equipment on the home shopping network. Lighter Living Inc., an East Cambridge business run by Marjolein Brugman, will use the funds to expand its web presence and line of products.

Corindus raises $4.7M in equity funds

Vascular robotic systems developer Corindus Inc. has pulled in $4.68 million of a planned $10 million equity financing. The Natick-based company designs, develops and markets remote control systems for cardiology operations.

CambridgeSoft's private financing worth $31M

CambridgeSoft Inc. has disclosed the dollar value of a private financing it announced earlier this week, reporting in a regulatory filing that the equity funding received from Health Evolution Partners and Goldman Sachs & Co. was worth $31.3 million. The value of the deal was previously undisclosed.

Agrivida nets $2M USDA grant for biofuels research

Agrivida Inc. has received a $2 million grant from the U.S. Department of Agriculture to develop genetically engineered feedstocks for biofuels production. The award is the Medford startup’s second in as many months from the federal government.

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The PITCH

Squeelr

Headquarters: Cambridge
Employees: 1
Founded: 2009

The Pitch: Matt Mankins is launching an iPhone app for anonymous microblogging. Squeelr has a business model in place to charge 99 cents for the app and an additional 99 cents for five posts and $5 for 20 posts.

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    2009 Tech Citizenship honoree: Accenture Ltd.

    From the November 20, 2009 Print Edition

    Corporate citizenship is such a fundamental part of Accenture LLC’s character that it is reflected in the way it runs its business and ultimately, in the actions of its people, officials said. From its focus on Skills to Succeed to its environmental stewardship, the charitable efforts are geared toward making a real impact.

    Read the rest of the story »

    From the Print Edition

    Signature Programs

    Women to Watch Women to Watch 2009

    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.

    Nominate a woman to watch »

    Read the profiles of 2009 and past winners »

    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.

    Tech Forums

    Mass High Tech hosts four tech-focused forums throughout the year that include panel discussions on issues of concern for the bio, cleantech, emerging tech and finance industries.

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

    • Finance Forum
    • BIO Forum
    • CleanTech Forum
    • Emerging Technologies Forum

     

    Tech Citizenship Tech 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.
     

    Wired-In

    Video

    New England Tech Stock Index

    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 »

    On the MHT blog now

    Flagsuit wins another NASA Astronaut Glove Challenge

    Southwest Harbor, Maine's Peter Homer won $450,000 in NASA's Astronaut Glove Challenge yesterday. This is Homer's second time winning the contest. Homer's first win in 2007 launched his startup, Flagsuit. Flagsuit is developing pressure suits using the same technology as Homer's prizewinning gloves -- for use as a wearable substitute for hyperbaric chambers used to treat conditions such as ...

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    Startup Watch

    Five You Should Follow

    uTest Inc.

    Founded in 2007, uTest has developed an online marketplace for software testing services. The company is based in Southborough.
     

    Other startups featured in our weekly Startup Report and listed in our online directory:


    Want to be considered for the Startup Watch? Contact the
    Startup Watch editor.

    Business Calendar

    Upcoming Events:


    Nov. 23rd

    Preparing for Activism: Activists Offer Their Advice to Investor Relations

    Whether you begrudge them or befriend them, one thing is certain, activists offer an opportunity for IR to do what it does best — build relationships.

    Nov. 25th

    Team Massachusetts Economic Impact Awards Luncheon

    In the only awards event of its kind in Massachusetts, MassEcon will honor companies from across the Commonwealth for their outstanding contributions to the Massachusetts economy. Join us in honoring Cubist Pharmaceuticals, Starent Networks, IBM, Zipcar, and others.

    Dec. 1st

    Metrics in Motion: Best Practices in Linking Strategic Planning and Business Intelligence to Improve Performance

    The Association for Strategic Planning's Boston Chapter is pleased to announce our December breakfast seminar featuring Pat Salem, VP Planning & Business Intelligence, and Brian Jordan, CEO of BITadvisors Inc.

    Dec. 1st

    AdWords Advantage Online Summit

    Learn how to fast-track your Google AdWords profits, lower your pay per click costs & increase your results at this three-week online summit.

    Dec. 1st

    IEEE meeting: Acquiring Customers

    Looking for investors takes a lot of time and energy, hiring the right people to fill in the empty spots in your process does too, and now sales and marketing will be a priority ongoing and forever.

    Dec. 2nd

    Sandler Executive Sales Boot Camp Ultra is Free!

    This two hour training program has participants discover a selling system that puts them in control, helps them to close faster and more often!

    Dec. 2nd

    NS Chamber presents the 91st Annual Dinner Meeting

    Keynote speaker Lt. Governor Tim Murray.

    Dec. 2nd

    New Economy Sales and Marketing Boot Camp

    The New Economy Sales & Marketing Boot Camp gives you actionable advice you can implement immediately to: increase your visibility and awareness in the market, generate leads, establish your company as a leader and grow your business.

    Dec. 2nd

    iRobot Engineering Job Fair

    We have multiple exciting opportunities available in both our Home Robots and Government/Industrial Divisions! If you are an experienced Mid to Senior level Mechanical, Electrical, or Software Engineer, and are searching for the next challenge in your career, we want to meet you!

    Dec. 2nd

    Aneesh Chopra, Chief Technology Officer of United States to speak on "Innovation for America"

    TiE-Boston will host Aneesh Paul Chopra, the first federal Chief Technology Officer (CTO) of the United States for a dinner event under their Legends & Leaders Series.

    Dec. 3rd

    The Business Development Group Meeting

    Come as our guest to network and discuss "biz-dev" issues. Then, as we approach the holiday season, we'll see how contemporary spiritual leaders, present great ideas that easily transfer into enlightened business concepts.

    Dec. 3rd

    Cambridge Chamber of Commerce Holiday BAHsh

    The Board of Directors and staff of the Cambridge Chamber of Commerce invite Cambridge-area professionals to welcome the holiday season at the CCC’s always-popular Holiday BAHsh. Join us for an evening of networking, frivolity, fantastic food & cocktails.


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