"Learning the Business of Science" Internship invites its first set of interns.

MANSFELD, MA-The Mansfield Bio Incubator is proud to welcome its first set of interns  to the “Learning the Business of Science” internship. They are high school, college, and graduate students with a wealth of organizational and scientific experience in fields including biotechnology, bioengineering, and pharmaceutical sciences. They’ll be working to complete Bio Incubator projects and administer the mentor program; their duties will include finding networking resources, organizing events, and observing meetings between mentors and mentees.

The Incubator is pursuing academic credit options for interns at their local schools and colleges. In exchange for helping the Bio-Incubator with project management tasks, interns will be provided with opportunities for networking, career exploration and job development.  Our goal is to provide them with an insider’s view to the process entrepreneurs take in growing new companies. Their names and academic institutions are listed below.

Foxx Hart – Boston College High School

Erin VanDell – George Mason University

Yue Yu – Northeastern University

Rishi Chadda – University of Connecticut

Safeer Alvi – Indiana University

Vivian Huang – Northeastern University

For more details contact Gilles Bolduc, Internship coordinator (gbolduc@massasoit.mass.edu) or Richard Tharin, Mentor Program Coordinator (rtharin@cerneos.com).

Massachusetts Next Generation Initiative (MassNextGen) Promotes Diversity in Life Sciences.

WALTHAM, MA-The Massachusetts Life Sciences Center (MLSC) has announced the launch of the Massachusetts Next Generation Initiative (MassNextGen), a new competitive program for women entrepreneurs in early-stage life sciences companies. MassNextGen will begin as a five year, $1 million commitment focused on advancing diversity and providing support for the next generation of life science entrepreneurs.

"The strength of startup life sciences companies is critical to Massachusetts innovation economy and we are committed to building diversity and empowering more women entrepreneurs in this growing field. This initiative will help more women-led companies to thrive, leveraging additional sources of capital and support to create new jobs and bring cutting edge innovation to the marketplace." – Governor Charlie Baker

The lack of diversity in life sciences is real. According to Babson College's The Diana Project, between 2011 and 2013, only 15% of companies receiving venture capital investment had a woman on the executive team. Only 3% of the total venture capital dollars in the U.S. went to companies with a woman CEO. Seed stage money is the hardest for women executives to come by. Venture capital firms with women partners are twice as likely to invest in companies with a woman on the management team and three times more likely to invest in companies with women CEOs. The life sciences ecosystem (entrepreneurs and investors) benefits from having more diverse leaders with talent and bright ideas. 

Takeda, the anchor sponsor of this initiative, is the first private partner to kick off the program by providing $50,000 to match the MLSC $50,000 each year for five years. As a result, $100,000 in funding is available for the inaugural year of the program. An additional $100,000 of in-kind support and coaching from an illustrious network of seasoned entrepreneurs and investors as executive coaches will be available to winners each year.

Visti the MLSC website for updates to the program as it gets closer to its open application period in January 2018. If you have any questions, please e-mail MassNextGen@masslifesciences.com

Mansfield Bio-Incubator Opens its Doors to Prospective Companies

With construction nearly complete, Mansfield Bio-Incubator has opened its doors to prospective incubator companies.  Occupancy is expected mid-February 2017 and applications are currently being accepted. The facility, which features nearly 30,000 square feet of office, co-working and laboratory space, offers early-stage companies a state-of-the-art, nurturing environment to purse research and business development.  The bio-incubator, has signed up its first companies and is available for touring by appointment.  Interested parties should email info@bioinc.org. 

An open house is also scheduled for February 16 from 4-6pm. Click here for more info and to register to attend.

Conveniently located near Interstates 95 and 495 and minutes from public transportation via the MBTA Commuter Rail's Providence line, Mansfield Bio-Incubator plans to eventually house 10-12 early stage bio-technology and life sciences companies within the current footprint. The incubator has the ability to expand the footprint to a total of 300,000 square feet and 63 acres.

The incubator is affiliated with higher-educational institutions including Bridgewater State University and Massasoit Community College, industry organizations including the Massachusetts Life Sciences Center (MLSC) and Massachusetts Association of Business Incubators (MABI) as well as several other life-sciences sponsors and and business services partners.