Is the Recession Over?

May 17th, 2010

Over the past year we’ve had a number of speakers discussing the Outlook for Venture Capital investing in the current recession/depression. Many of them told us that investors have stopped making new investments and are using their funds to support their existing portfolio companies. Then earlier this year there was a dramatic shift from the negative and cautious to a much more optimistic outlook. Our last two speakers - Sean Marsh of Point Judith Capital (investments in mobile technology) and Ryan Moore of GrandBanks Capital (IT and software) have been almost giddy with their future prospects.

Historically, relatively few companies seeking Venture Capital or Angel investment dollars have actually succeeded, and the economic conditions of the past few years have further depressed the opportunities for young companies. At our meetings, as entrepreneurs speak with the investors, occasionally I see interest glinting in the eyes of our speakers. Both Sean and Ryan have money to spend. You rarely have a better chance for a one-on-one with an investor than at one of our meetings.

Next week we’ll be at the Enterprise Center in Salem, MA at 128 Venture North. Once again our speakers are people who can help entrepreneurs find money to run their companies. Join us then. To register: http://2010may27funding.eventbrite.com/

See you then.

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Are you ready for the Shark Tank?

August 28th, 2009

How apt a name for a show that features 5 Angel Investors who listen to pitches from entrepreneurs asking for their money! After the short presentation, and questions from the Angels, each investor decides if s/he is in or out. There can be some negotiation regarding amounts and terms until a deal is struck.

From the perspective of what investors tell us at our meetings, this is a highly distilled version of what they see. Given, the show is edited for high entertainment value, but the underlying principles are all on display.

If you missed the show, you can view it online at http://beta.abc.go.com/shows/shark-tank/index .

Several factors make this prime-time fare:

1. The entrepreneurs are pitching consumer-focused ideas. No high-tech or drug discovery here. You will see kitchen items, a hinge for a guitar neck and (believe it or not) an implantable bluetooth device. I guess you pull on your earlobe to connect.

2. The level of naivete about investment is apparent - the entrepreneurs are willing to give up 5-10% of their companies for lots of money. Company valuation is a strange concept.

3. At least one idea for each show is just way out there (a la a Bluetooth connection you need surgery for).

4. The entrepreneurs have PASSION! Many have mortgaged themselves to the hilt and invested hundreds of thousands of dollars in their dreams.

Take a few minutes and watch it. Very entertaining to be sure.

Posted in Angel Investing, Success Stories | No Comments »

Discouraging Competition - Do we need Non-Compete Contracts?

July 13th, 2009

The lead editorial in yesterday’s Boston Globe deals with the non-compete contracts and their dampening effect on innovation in Massachusetts. The article discusses the need to protect Intellectual Property in a firm, but questions whether the use of rigid non-compete contracts are the best and only way to do so.

Admittedly, I am biased. I wish to see Massachusetts as the world leader in Innovation. While existing companies should have the right to protect their products and IP, too often the non-compete is wielded as a heavy club to beat to death the advent of potential competitors. I have seen where a start-up company was sued as they were attempting to raise their second round of capital. Although the courts found in favor of the start-up defendants, precious resources were squandered defending the company and almost derailed the raising of additional monies that were needed to keep the company moving forward. And here is an ethical question for you. If a company lays off a worker, should that company have the right to enforce a non-compete contract? In my mind I envision a firm hiring all the brightest minds in their field, and then laying them off after a couple of months, secure in the knowledge that they don’t have to compete with the best in their discipline for the next year.

You can read the entire editorial at: http://www.boston.com/bostonglobe/editorial_opinion/editorials/articles/2009/07/12/clause_for_concern/ . Also take the time to read the comments associated with this editorial. A number of bright people have opinions worth noting. Feel free to share your thoughts with us as well.

Posted in Angel Investing, Compensation, Uncategorized, Venture Capital Investment | No Comments »

What is our Value Proposition?

July 2nd, 2009

Since I began running the 128 Innovation Capital Group more than 5 years ago, I have worked hard to stay true to the vision that Michael Belanger had. He began the 128 Venture Capital Group over 27 years ago as a place where Entrepreneurs with great ideas could meet Investors who wished to support innovative companies that would grow rapidly and offer them a very high rate of return on their investment. That’s what business investing is all about. You may have a great idea, but your investor wants to use that idea to make a lot of money. The entrepreneur must keep that in mind when vetting potential investors. The idea is to align your goals and if this isn’t done, everyone is in pain.

In order to assure that at least one investor is in the room, our speakers are always Angel Investors or Venture Capitalists.  That way there is at least one investor in the room. In truth, there are generally more. One of the gentlemen from Cambridge Light Partners is in attendance at most meetings. Those who have attended regularly have heard me tell the group that many angel investors travel incognito. They pose as attorneys or consultants or even management candidates. Almost as valuable as being able to speak to an investor face-to-face, is being able to speak with someone who can give you a personal introduction to an investor who might be interested in your company. Sometimes these people are consultants who are hired to help you prepare your company for investment and who will arrange an introduction. Sometimes these people are attorneys who work with venture capital firms and know what they are looking for in an investment.

At its core, the 128 Innovation Capital Group is a networking group. We provide a forum where you might meet the person or company that will help you achieve your goal. Unlike many other groups though, we allow you to introduce yourself to the entire group and provide a list of all attendees and their contact information after the meeting. Just as importantly, if you have need of a particular type of resource, you can call me, and I’ll go through my entire database and help identify someone who can help you. EXCEPT … I don’t make referrals to investors. First, I don’t feel I have the expertise to evaluate your idea well enough to know to whom to refer you; and second, there are times when you must do the hard work yourself. Taking the journey has a tremendous amount of value.

So, what is our value proposition? We provide a venue where you can meet those who can help you become more successful. We provide contact information for all those who come to the meeting and share it with you. We can provide referrals to those who can help you - service providers and consultants, sales professionals and management gurus. We give you a forum on LinkedIn where you can communicate directly with others in the group ( http://www.linkedin.com/e/gis/1513/651956658E7C ). Taking advantage of these tools can help bring you success.

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Springtime Update - downloads, events and other thoughts

May 12th, 2009

We’ve had a very busy spring, and the pace will continue for the next few months. In addition to our regular programs in Waltham, we’ve initiated virtual programs and networking from your home or office using BlitzTime.

Special thanks to our speakers of the past few months:  Dan Bathon of Windspeed Ventures, Dhiraj Malkani of Rockport Capital, Luis Barros of the Massachusetts Life Science Center, Ania Knap of MaxTera, Fred Morris of Brook Venture Partners, Gary Magnant of Sage Science and Gregg Stone of Kestrel Ventures (download presentation).

And a very special THANK YOU to Richard Langevin for kicking off our Virtual Networking Event on Blitztime.  I spoke with many who attended and they all agreed the presentation was  first rate and the networking more intense and useful than many other types of networking events. You can download Richard’s presentation by clicking here.

Plan to join us for our next BlitzTime event on May 21st where we will be featuring a program by Margaret Somer, Regional Director of the Massachusetts Small Business Development Center. Her topic is, “Thinking Outside the Investment Box: Alternative Investment Options” - an extremely timely subject. You can register for this event by clicking here.

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End of March News Note

March 20th, 2009

News Note from the 128 Innovation Capital Group128 Venture North

Thurs., March 26, 2009  7:15 AM   Enterprise Center at Salem State College

How To Find Investors in Biotech

Register for this meeting and pay by credit card.

Register for this meeting and pay by at the door.

Join us for a Panel Discussion of opportunities in the Biotech field. Our panelists include Luis Barros, Senior Vice President of the Massachusetts Life Sciences Center, Ania Knap, Co-founder, President and Chief Science Officer of MaxTera and Frederic H. Morris, Founder and Partner at Brook Venture Partners.

Luis Miguel Barros, Senior Vice President of the Massachusetts Life Sciences Center in their Investments and Industry Development section. He is the person who can tell you all about the $1 billion commitment of the Patrick Administration to growing the biotech sector in Massachusetts and what that can mean to you. 

Ania Knap, PhD, MaxTera Co-founder.  President and Chief Science Officer

Ania will talk about the experience of MaxTera in raising funding.  MaxThera, Inc. is a biopharmaceutical company focused on developing new drugs to treat bacterial infections, especially those resistant to existing antibiotics. 

Frederic H. Morris, Brook Venture Partners, Partner and Founder

Brook Venture Fund II is a $100 million venture fund with SBIC license, which has made 17 investments to date. Its focus is Information Technology (CRM, Business Intelligence, Publishing and other data-rich business activities); and Medical Technology (devices/software/technology-based services).  Initial investment size is typically $1.5 - $3 million, with total investment in a company of $5 million.  Management is of primary concern in Brook’s evaluation, since it believes that management is most responsible for the success of a company rather than the technology or the market. Brook Venture Fund I with related partnerships invested $25 million into 17 companies; the team and the strategy of focusing on expansion stage technology companies in the under-$5 million investment size capital gap resulted in top-quartile returns in its vintage peer group.  Mr. Morris is on the Boards of HistoRx, Inc., PointCare Technologies, Inc.; Peminic Inc.; Bioscan, Inc.; Laser Projection Technologies, Inc.; Telematch, Inc., Security Innovation, Inc., Atlas Watersystems, Inc. and the North Shore Technology Council (MA) and the North Shore Accelerator. Prior to forming Brook, Mr. Morris founded and led the Specialized Lending Division of State Street Bank in Boston where he was a Senior Vice President and member of the Management Committee.  Mr. Morris holds a BA from Yale and earned his MBA from Harvard after serving as Lieutenant in the U.S. Navy.

____________________________________________________________________________________

March 12th Meeting in Waltham

We had a full house for our March meeting in Watlham on March 12th when Dhiraj Malkani of Rockport Capital spoke about Opportunities for Investment in Clean Energy Technologies. This meeting was sponsored by  MassInvestor, Inc., Publisher of the Massachusetts Venture Capital Directory. Our moderator was Rob Adelson who did his usual masterful job.

We had several special treats at the meeting. The first was the presence of a delegation from Norway whose main goal was to gain insight on the Angel and Venture Capital funding process in the United States. Thank you to Ron Sutherland of Innovation Norway for helping to make this happen.

The meeting was also captured on video by WCAC  - Waltham’s local Cable Access Channel. Once the editing is finished, I will post the session for all to view.

____________________________________________________________________________________

Massachusetts Venture Capital Directory

As I mentioned above, our meeting was sponsored by the Massachusetts Venture Capital Directory, published by MassInvestor, Inc. The folks at the company have been long-time supporters of the 128 Innovation Capital Group and Michael Stern, Editor of the directory sits on the Advisory Committee of the group, providing help and counsel when needed.

 

More importantly, the Massachusetts Venture Capital Directory is my bible when it comes to finding presenters and providing information to you about various firms that invest in exciting young companies. Your association with the 128 Innovation Capital Group entitles you to a 15% discount when purchasing a copy. A special site has been set up for our group - http://www.massinvestor.com/128icg.htm . Check it out.

____________________________________________________________________________________

Upcoming Events

128 Innovation Capital Group and 128 Venture North

March 26, 2009, 7:15 – 10:00 AM

128 Venture North

Enterprise Center at Salem State College

How to Find Investors in Biotech – A Panel Discussion

 

April 9, 2009

128 Innovation Capital Group

Mr. R. Gregg Stone - Kestrel Ventures, LLC

Angel Investors Overview – Who Angels Are and How they Finance Startup Companies

 

Affiliate Groups

ENET – the IEEE Boston Entrepreneur’s Network

Tuesday April 7, 2009

Raising Money from VC’s and Private Equity – The Capital Continuum

 

Medical Development Group

Wednesday April 1, 2009

Advances in Cardiology Devices: Does the Performance Match the Promise?

 

WPI Venture Forum

Tuesday, April 14, 2009

Transition, Exit and the Future

 

OnLine Events 

Friday, March 27

8:00 AM – 9:30 AM

Morning Networking with Annette

This is a general networking session I am promoting to all networkers I know. It’s a good way to find out how BlitzTime works. All you need is a telephone. If you are in front of your computer, you can see the profile of the person you’re networking with. Register at http://www.blitztime.com/events/2859-1128764438

 

Tuesday, March 31, 2009

1:00 PM – 2:00 PM

Agility, Caution and Cost Control: How Small Companies Are Responding to a Big Recession

Webinar presented by one of our Gold Sponsors - Trinet

Register: http://w.on24.com/r.htm?e=139420&s=1&k=B7A73652B7DF337F7B81A64A479969CA

There is no cost to attend

 

Thursday, April 23rd

8:00 – 9:30 AM

How to survive in Challenging Times without Outside Investors

To register: http://www.blitztime.com/events/2861-1128764438

 

Thursday, May 21st

8:00 – 9:30 AM

Thinking Outside the Investment Box: Alternative Investment Options

To register: http://www.blitztime.com/events/2862-1128764438

  

Business Expo

 

May 19, 2009 – New England XPO For Business at Boston

Boston Convention & Exhibition Center

 

The 128 Innovation Capital Group is on the Steering Committee for this event that should prove to give great value to all who exhibit and all who attend. There will be over 36 Educational Seminars spanning the many issues that face business owners and managers. There will be over 300 exhibitors, showing the latest and greatest. And best of all, there is no charge to attend. For more information, go to http://www.eventmanagement.org/newengland/ .

                                                                

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BlitzTime was a great success!

February 27th, 2009

Last night we held our first BlitzTime networking event. Almost 40 people signed up for a series of one-on-one conversations with other participants. Perhaps the best description of BlitzTime is that it’s similar to 5-minute dating for networkers. Initially everyone dials into a virtual room. After a few minutes of general conversation, the BlitzTime system matches people up, one-on-one, for 5 minute conversations. If you are sitting in front of your computer, you can see the profile of the person with whom you are speaking, which offers a starting point for conversations. When the time has elapsed, you are matched with another person. There is a facility to request to speak or not to speak to somebody, and the computer matching works to fulfill your request.

Following the event, you are able to send an e-mail to those you spoke with from the BlitzTime site. The e-mail has your e-mail address. You will not have the contact info for the others until they contact you or respond to your e-mail.

While our initial event was strictly networking, future events will be scheduled with a speaker followed by networking - mirroring our regular meetings. Please let me know what topics you would like to know more about and I’ll find an expert in that area. Also, there are many other events on Blitztime that might be of interest to you, especially if you are a hard-core networker. I have been very pleased by the connections I have made through BlitzTime that have proven to be valuable to me in my various ventures and pursuits.

Check it out - http://www.blitztime.com/bt/1128764438

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February 18th, 2009

 February 18 2009 News Note of the 128 Innovation Capital Group

 

In this issue: 

Upcoming Events

Bentley University Focus Group on IT Services for Small Businesses

North of Boston Business Plan Competition

Affiliate Groups

Online Events

Job Openings

 

Upcoming Event:
 

Our 327th Morning Meeting on Thursday, March 12, 2009  7:15 AM - 10 AM

 

Dhiraj Malkani of Rockport Capital will discuss Opportunities for Investment in Clean Energy Technologies

 

The interest in clean energy technologies continues to be strong. But the success of companies in this space is strongly dependent upon government policy. Our speaker will discuss changes in the regulatory environment under the Obama administration and its effect on entrepreneurs and venture capitalists.

 

Dhiraj Malkani is a principal at Rockport Capital. He began his career at Bell Labs/Lucent Technologies as a Senior Product Engineer developing next-Generation optical components for Telecommunications. He received several U.S. patents for his inventions in MEMS technology before transitioning from pure engineering to evaluating early-stage photonics and life-science companies for Boston University’s Photonics Center business incubator program. Prior to joining RockPort he was a summer associate in Deutsche Bank’s Technology Investment Banking division. At Rockport, Dhiraj is an active member of the screening and diligence teams and has worked on multiple transactions in solar energy, transportation, advanced materials, energy storage, smart grid, water and wind technologies. Dhiraj is a graduate of the University of Mumbai with a BS in Mechanical Engineering. He earned an MS in Mechanical Engineering from Boston University and an MBA from the Yale School of Management. 

_________________________________ 

 

Bentley University Focus Group on IT Services for Small Businesses 

Bentley University students are working on a project related to IT services for small businesses. As part of this project, we plan to conduct a focus group discussion with people who own, manage or work at small businesses in the New England area/ The focus group will be moderated by a Bentley faculty member and the information generated by the focus group will be analyzed by students teams. We need help recruiting participants for this focus group. Can you help us recruit appropriate participants for this focus group? The logistics for the focus group are:

 

Event:  Bentley University Focus Group on IT Services for Small Businesses

 

Date: Thursday, February 19, 2009 

Agenda:            6:00 pm to 6:30 pm Food and refreshments served

                        6:30 pm to 7:30 pm Focus group discussion

 

Location: Center for Marketing Technology (CMT)

Bentley University, 175 Forest Street, Waltham, MA  02542

 

Feel free to forward this email to anyone who might be a potential participant. They can RSVP to me at jpouli@bentley.edu .Thank you for help with this project!

 

James Pouliopoulos

Adjunct Professor - Bentley College

jpouli@bentley.edu

_________________________________

  

North of Boston Business Plan Competition

 

Once again, the Enterprise Center at Salem State College and the Merrimack Valley Economic Development Council, Inc. are seeking startup and emerging businesses to enter the 2009 North of Boston Business Plan Competition. The Panel of Judges is comprised of early stage investors. There are cash prizes for the winners of the competition. More information, including entry forms, is available at www.enterprisectr.org/bpc . NOTE: Business plan overviews are due on February 20, 2009 and final plans on March 26, 2009. 

_________________________________ 

 

Affiliate Groups

The 128 Innovation Capital Group has an affiliate relationship with other organizations, agreeing to cross-promote events. Links to their websites are available on our home page (www.128icg.org) and current meeting information is available on our blog. These groups have programs on more general aspects of running a successful business than institutional financing.

 

Boston Entrepreneur’s Network

 

Medical Development Group

 

WPI Venture Forum

 _________________________________

 

Online Events

 

I have found a great way to network without having to leave your home or while you’re traveling. BlitzTime is a computer mediated networking system that is similar to Five Minute Dating, but with the purpose of finding great connections. You connect over the telephone. If you are logged into the BlitzTime site, you can view the profile of the person with whom you are speaking.

 

I have scheduled an evening online networking event – Nothin’ But Net Virtual Edition for Thursday, February 26th from 7-8:30 PM. There’s no charge to join, so… sign up today.

 

_________________________________ 

Available Jobs

 

Below are two positions currently open in the Boston area. If you are interested in them, please contact Annette directly or send her your resume.

 

Job Title: Audit Director – Real Estate Team (PS53CSP)

Location: Boston

Salary: Up to $200,000 + Full benefit offerings

Requirements:

·           10+ Years RECENT audit experience in public accounting firm (4+ years as Audit Manager or Sr role)

·             Experience planning and managing client engagement

             Proven ability to work within budgetary and time constraints while providing a high-level of client satisfaction

             Experience managing and developing a team

             CPA certification and Bachelors in Accounting (Advance degree preferred)

 

PLUS/Additional (not required):

Experience working for Big 4, national or regional accounting firms

Experience with paperless audit environment

Experience in business development

 

Duties:

             Leading and planning audit engagement. Providing timely, high quality client service by anticipating and address client concerns as they arise

             Ensuring all necessary financial statement and related disclosures and reportable condition letters are prepared with an eye on quality, thoroughness and accuracy

             Provide appropriate and timely performance feedback for subordinate staff; effectively communicate with team, clients and staff

             Attract, develop and retain top talent

             Initialize “cross” selling business to other practices

             Promote new ideas and business solutions that result in extended services to existing clients

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

Job Title: Director Transaction Advisory (M&A) (PS52CSP)

Location: Boston

Salary: Up to $200,000 + Full benefit offerings

 

Requirements:

             Business development experience

             CPA and Bachelors degree or MBA

             Transaction Advisory/M&A experience with public accounting or consulting firm

 

PLUS/Additional (not required):

Big 4 candidate at management/senior manager role who helped develop the practice area

 

Duties:

             Primary goal of position is to perform financial and operational due diligence engagements for clients. Must manage project from start to finish including timely and accurate reports delivery and client relations. This goal should be achieved within one year of start.

             Works closely with team members to provide financial and operational due diligence engagements for clients who are buying businesses

             Responsible for managing projects, leading client meetings and helping others team members understand the deal environment

             Interact with other functional areas of the practice including tax, audit, business valuation, etc

             Managing and developing client relationships, leading the financial due diligence team and have overall responsibility for report completion on a timely basis

             Provide accurate and detail financial analysis reports used to provide purchase price adjustment mechanisms, deal structure points in the purchase agreement, financing arrangements, structure and conclusion on whether or not to make the acquisition

             Must be familiar with PowerPoint and Excel for presentations and data merge

             Attends select networking events to meet potential and existing clients

             Assist in scoping prospective projects, preparing proposals and engagement letters and managing budgets

             Represent the Firm in community activities and professional associations.

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February 6th, 2009

 

In this issue:

 

Since the New Year

North of Boston Business Plan Competition

128 Innovation Capital Group Blog

LinkedIn for Groups

Affiliate Groups

Online Events

Upcoming Events

Our Meetings

Privacy Policy

 

 

Since the New YearSince the New Year 

 

We had two meetings in January. Just after the New Year Luis Barros told us the plans the Massachusetts Life Sciences Center has to support young, innovative companies in the Life Sciences. His presentation is available on the 128 Innovation Capital Group Blog (see below).

 

Just last week, Tom Dusenberry of Dusenberry Entertainment led a panel that discussed Creative Economy Investment Opportunities at 128 Venture North. The room was full! showing the great interest in this discipline. Joined by panelists Frank Ferguson of Curriculum Associates and Dominic Endicott of Nauta Capital. Special thanks to Tom and to the staff of the Enterprise Center at Salem State College – Christine Sullivan, Laura Swanson and Cathy Julien.

 

North of Boston Business Plan Competition

 

Once again, the Enterprise Center at Salem State College and the Merrimack Valley Economic Development Council, Inc. are seeking startup and emerging businesses to enter the 2009 North of Boston Business Plan Competition. The Panel of Judges is comprised of early stage investors. There are cash prizes for the winners of the competition. More information, including entry forms, is available at www.enterprisectr.org/bpc . NOTE: Business plan overviews are due on February 20, 2009 and final plans on March 26, 2009. 

128 Innovation Capital Group Blog128 Innovation Capital Group Blog

 

Last October I set up a blog for the group. I recently moved it to our website. The new url is www.128icg.org/blog . I am always looking for material that will be of interest to you. In addition, several pages have been added – Affiliate events are noted on the Calendar page. Our sponsors are highlighted on their own page as well. Your input is requested. Look for information about the new Massachusetts law – “201 CMR 17.00: Standards for The Protection of Personal Information of Residents of the Commonwealth.”

 LinkedIn for GroupsLinkedIn For Groups

 

There is a LinkedIn Group for the 128 Innovation Capital Group. You can request to join at http://www.linkedin.com/groupInvitation?gid=1513&sharedKey=651956658E7C .You casn communicate with others in the group easily. There is also a discussion board if you wish to ask advice from others.

 

 

The 128 Innovation Capital Group has an affiliate relationship with other organizations, agreeing to cross-promote events. Links to their websites are available on our home page (www.128icg.org) and current meeting information is available on our blog. These groups have programs on more general aspects of running a successful business than institutional financing.

Affiliate Groups Affiliate Organizations

 

 

 Boston Entrepreneur’s Network

 Medical Development Group

 WPI Venture Forum

 Online EventsOnline Networking that Works 

I have found a great way to network without having to leave your home or while you’re traveling. BlitzTime is a computer mediated networking system that is similar to Five Minute Dating, but with the purpose of finding great connections. You connect over the telephone. If you are logged into the BlitzTime site, you can view the profile of the person with whom you are speaking.

 There are a variety of events available. I will be setting up an online event to occur at the end of the month. There’s no charge to join, so… sign up today.

Upcoming Event Upcoming Program  

Thursday, February 12, 2009  7:15 AM - 10 AM

 Dan Bathon, Windspeed Ventures will present: 

“Show Me The Money” - The Lack of Market Liquidity and What it Means to You

 Register for this meeting and pay by credit card.

 Register for this meeting and pay by at the door.

 More info…..

___________________________

Our MeetingsOur Meetings

The doors open at 7:15 AM for registration, continental breakfast and informal networking. The regular meeting agenda begins at 8:00 AM with announcements and introductions by all attendees. Every month an investor provides our formal program. After Q&A, our speaker generally remains to speak with audience members, one on one. After the meeting, a roster with the contact information of all attendees is made available to those who came to the meeting.

Posted in Affiliate Groups, Events | No Comments »

January 8th Meeting - MA Life Sciences Center

January 22nd, 2009

l_barros_presentationThe morning of January 8th was very cold and icy out. I’ve spoken to many folks who wanted to come, but feared the road conditions, especially those folks who had attended the Medical Develoment Group meeting the evening before, and slid down the hill toward the reservoir, their hearts in their throats.

But those who were able to attend — and we had a nice sized group — enjoyed an excellent presentation by Luis Barros, Senior Vice President of Industry Relations for the Massachusetts Life Sciences Center.

luisbarros-2

He discussed the programs the MLSC is putting into place that will help young companies. He was also kind enough to share his presentation with the group.

http://www.128icg.org/L_Barros_Presentation.pdf

Posted in Events, Success Stories | No Comments »

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